Kovo HealthTech Signs Two Year IP Licensing Partnership
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2022) - Kovo HealthTech Corporation (TSXV: KOVO) (the "Company" "Kovo") — a leader in healthcare technology and Billing-as-a-Service — has signed a two year perpetual IP license with a long-term client valued at $750,000 USD.
Extending long-standing client relationships
"Leveraging our IP investment has been a strong strategic focus in 2022 and we're pleased to confirm that Kovo has signed a two-year deal with one of our long-term partners who operates an 18-bed private clinic in the Cayman Islands," explains Kovo CEO Greg Noble.
"The contract is already in effect and our team is in the process of customizing and extending our IP in partnership with the facility," he says, adding that the contract took effect on November 1, 2022 and is valued at $750,000 over two years.
In its last quarter, Kovo posted 211% year-over-year ("YoY") revenue growth driven by a combination of organic growth of its core SaaS-style medical billing software and services business — and two strategic and accretive acquisitions the Company completed in 2021.
About Kovo HealthTech Corporation
Kovo HealthTech Corporation is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for more than 1700 US healthcare providers. Kovo helps healthcare providers digitally track and manage complex patient care registration, services, billing and payments in a seamless way, using its industry-leading OneRev technology platform. Currently, through its clients, Kovo processes over $250 million CAD ($200M USD) in annual billing transactions for more than 3.5 million patients. By offering effective billing practices and technology through long-term SaaS-style contracts, Kovo helps healthcare practitioners get paid so they can focus on offering quality care. To learn more about Kovo and to keep up-to-date on Kovo news, visit www.kovo.co
For more information:
Greg Noble, CEO
VP Corporate Development
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