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Wellgistics Health Accelerates Digital Health Expansion of its Newly Announced RPM, RTM and CCM Pilot with Planned Acquisition of WellCare Today and its Proprietary Samsung Galaxy Watch Care Monitoring Program

  • Wellgistics Health executed a non-binding letter of intent to acquire WellCare Today for approximately $15 million.
  • The proposed transaction structure includes a $3 million cash payment with the remaining balance satisfied via performance-based earnout in preferred stock.
  • WellCare Today operates the HealthAssist® platform embedded in Samsung Galaxy Watch devices to enable continuous monitoring of heart rate, blood oxygen, temperature, sleep, activity, & medication adherence.
  • The integration plan combines WellCare Today's RPM, RTM, & CCM infrastructure with Wellgistics' MSO initiative involving Kare Clinicals & its network of 6,500+ independent pharmacies.
  • The combined platform aims to enhance patient engagement, medication adherence, remote monitoring, & longitudinal care coordination across provider & pharmacy channels.
  • The strategic initiative is designed to create additional clinical revenue opportunities for participating pharmacies & providers through scalable care coordination & reimbursement infrastructure.
  • Completion of the transaction remains subject to customary due diligence, definitive agreement negotiations, board approvals, financing, & other closing conditions.