Sales development in Canada with a new partner

Sales development in Canada with a new partner - Medicalgorithmics signs a contract with m-Health Solutions

Medicalgorithmics S.A., a provider of advanced cardiac solutions, has signed another contract on distribution and sales of an arrhythmia diagnostic system. The new strategic partner is m-Health Solutions, Inc. based in Burlington, Canada, which undertook to buy and activate a thousand PocketECG devices in the first year of cooperation. m-Health Solutions provides telemedicine services for patients in Canada. It specializes in cardiovascular diagnostics and remote heart monitoring. The company has been operating since 2009 and has served over 70 thousand patients in cooperation with 3 thousand physicians. m-Health Solutions employs about 200 people, most of whom are qualified ECG technicians working in the monitoring center.

The contract between Medicalgorithmics S.A. and m-Health Solutions, Inc. was concluded on June 22, 2018. m-Health Solutions undertook to buy and activate 1,000 PocketECG devices in the first year of cooperation. m-Health Solutions will be gradually buying the devices, and after their activation it shall pay Medicalgorithmics a monthly subscription for using the PocketECG system.

m-Health Solutions will be providing comprehensive cardiovascular diagnostic services, including preparation of reports from examination with PocketECG. Medicalgorithmics is responsible for providing the partner with software and processing services, such as storing the data collected by PocketECG, and for device servicing.

"I am happy that we concluded a contract with another partner on a promising Canadian market. A significant competitive advantage of m-Health Solutions is a large and constantly growing customer base, i.e. physicians around the country. This will enable to activate so many PocketECG devices in short time. When we were choosing the partner, long-term experience in telemedicine and high quality of provided diagnostic services were important to us. Our partner meets these requirements: they have a professional heart monitoring center with highly-qualified and certified electrocardiologists which has been successfully operating for almost 10 years," says Marek Dziubiński, the President of the Board of Medicalgorithmics S.A.

Nowadays, m-Health Solutions provides services based on older devices which shall be gradually replaced with PocketECG. The Medicalgorithmics solution has been eagerly used by patients in the United States for many years and is one of the most popular systems for long-term heart monitoring in the country. "So far, our system has helped to diagnose several hundred thousand patients in the U.S. and recorded over 200 million hours of heart beating. I am sure that it will gain wider acceptance among doctors and patients in Canada," added Marek Dziubiński.

• June 22, 2018