ChannelTrader
7 months ago
Innovative MedTech (OTC: IMTH) Takes a Big Step Forward to Pioneer the Future of Healthcare With Its Latest Partnership for Innovative Vein Illumination Technology
https://www.newmediawire.com/news/innovative-medtech-otc-imth-takes-a-big-step-forward-to-pioneer-the-future-of-healthcare-with-its-latest-partnership-for-innovative-vein-illumination-technology-7074060
This marks a pivotal moment in medical technology, potentially revolutionizing vein visualization for enhanced patient care
BLUE ISLAND, IL - (NewMediaWire) - April 15, 2024 - Innovative MedTech, Inc. (the “Company”) (OTC: IMTH), a provider of health and wellness technology solutions and services, is excited to announce the execution of a distribution agreement (the “Agreement”) with Near Infrared Imaging, Inc. (“NII”) for Vein-Eye Carry, a patent-pending vein illumination technology whichemploys advanced optics and real-time imaging to precisely identify veins, reducing the need for multiple attempts and enhancing procedural accuracy.
This Agreement is another milestone for the Company following its mission to license, distribute or acquire leading medical devices and technologies, potentially positioning the Company as a leader in the rapidly growing vein illuminator market.
The global vein illuminator market is set for substantial growth, anticipated to grow from $19.74 billion in 2022 to a projected $24.05 billion in 2023, reflecting an impressive Compound Annual Growth Rate (CAGR) of 21.8%. This market's momentum is anticipated to continue, culminating in a valuation of $53.27 billion by 2027, with a CAGR of 22.0%. (See Research and Markets).
The home therapy, home infusion market is projected to grow to $380 billion by 2030 (see Markets and Markets). The Vein-Eye Carry is lightweight and portable and can be successfully carried into a home, up flights of stairs, carried into a clinic nursing home, placed in an ambulance or another emergency medical vehicle.
With over 2 billion vein punctures globally each year with failure rate as high as 69% in individual studies (See International Journal of Nursing Studies) vein puncture failure is a substantial adverse patient outcome and costly for healthcare facilities. NII’s technology is expected to decrease the failure rates by eliminating the guesswork associated with traditional vein identification methods, ultimately leading to improved patient outcomes and a more comfortable healthcare experience.
Commenting on the significance of this Agreement, Michael Friedman, President of Innovative MedTech stated, "We are excited to distribute NII’s technology as the first medical device in what we expect to be a portfolio of medical devices. This innovative technology has the potential to revolutionize how healthcare professionals perform venous procedures, ultimately improving patient care and streamlining healthcare workflows."
He continued, “With this strategic distribution agreement in place the Company is poised to deliver state-of-the-art solutions that address the evolving needs of healthcare providers and patients alike. The integration of NII’s technology into the Company’s product lineup reaffirms the Company's commitment to innovation and excellence in medical devices and technologies."
Michael Feeney, CEO of Near Infrared Imaging, also expressed enthusiasm about the partnership, saying, "We are delighted to collaborate with Innovative MedTech in bringing our Vein Eye Illumination Technology to the forefront of healthcare. This Agreement represents a significant milestone in our mission to advance medical imaging technologies and improve healthcare outcomes worldwide."
The Agreement gives the Company the non-exclusive right to distribute NII’s product(s) with no limitations on the territory. NII’s Vein-Eye Carry is a Class 1, 510-k exempt medical device, is TAA and FAR compliant, and is designed, engineered and manufactured in the U.S.
About Innovative MedTech, Inc.
Innovative MedTech, Inc. is a provider of medical technology and devices as well as health and wellness services through its wholly owned subsidiary SarahCare, an adult day care center franchisor with two corporate owned centers and twenty-six franchise locations across the U.S. SarahCare offers seniors daytime care and activities ranging from exercise and medical needs daily to nursing care and salon services. For more information, please visit: https://innovativemedtechinc.com/, and https://sarahcare.com/.
About Near Infrared Imaging, Inc.
Near Infrared Imaging invents, designs, and distributes medical solutions through its medical equipment distributors. NII’s corporate commitment is to provide the highest quality medical solutions at a price affordable to the worldwide community. NII's patent-pending vein illumination technology can be used for home infusion, EMS, medical evacuation vehicles, and non-contact vein recognition biometrics. NII’s products are built in conjunction with leading scientists, medical experts, blood drawing experts, and infusion experts. For more information, please visit: https://nearinfraredimaging.com/.
Safe Harbor Statement
Statements in this press release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and are not guarantees of future performance and are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations and are subject to change at any time. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. These and other important factors may cause the Company’s actual results, performance, or achievements to differ materially from any future results, performance, achievements or plans expressed or implied by these forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Media Relations:
Michael Friedman
708-925-9424
ir@innovativemedtechinc.com
makinezmoney
2 years ago
$IMTH: Awesome news....... Expansion into Home Health Services
https://www.stocktitan.net/news/IMTH/innovative-med-tech-announces-sarah-care-is-beta-testing-an-iw4ym162xpbi.html
Now $2 !
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Innovative MedTech Announces SarahCare is Beta Testing an Expansion into Home Health Services Market
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May 20, 2022 - 9:41 am
SarahCare Beta Testing New At Home Health Service
BLUE ISLAND, Ill., May 20, 2022 (GLOBE NEWSWIRE) -- Innovative MedTech, Inc. (the “Company”) (OTC: IMTH), a provider of health and wellness services, today announced that its wholly owned subsidiary, SarahCare, will be beta testing a home health service in which SarahCare will deliver a new standard of care to residents surrounding a few of its locations.
“We are very excited about beta testing, with a very select number of SarahCare centers, a home health care service which will monitor our participants at their homes. We are committed to putting our participants and their families first, and we believe that this is another way in which we can do that, while offering an enhanced quality of services that should be convenient and cost effective,” said Dr. Merle Griff, CEO of SarahCare.
Dr. Griff continued, “We believe that home health services will ultimately be an important extension of our centers and the services that we will offer going forward, as well as improve our ability to support our participants, both at our centers and their homes.”
About Innovative MedTech, Inc.
Innovative MedTech, Inc. is a provider of health and wellness services, and has two divisions: RX Vitality digital wallet and health care app under development, and its wholly owned subsidiary SarahCare, an adult day care center franchisor with 2 corporate owned centers and 26 franchise locations across the United States. SarahCare offers seniors daytime care and activities ranging from exercise and medical needs daily to nursing care and salon services. For more information, please visit: https://innovativemedtechinc.com, and https://sarahcare.com.
Safe Harbor Statement
Statements in this press release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and are not guarantees of future performance and are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations and are subject to change at any time. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. These and other important factors may cause the Company’s actual results, performance, or achievements to differ materially from any future results, performance, achievements or plans expressed or implied by these forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Media inquiries:
Michael Friedman
708-925-9424
ir@innovativemedtechinc.com
GO $IMTH
makinezmoney
3 years ago
$IMTH: Rx Vitality !!!!!!!!!!!
Innovative MedTech Acquires RX Vitality in a Share ExchangeInnovative MedTech Announces Acquisition
Published: Apr 28, 2022
BLUE ISLAND, Ill., April 28, 2022 (GLOBE NEWSWIRE) -- Innovative MedTech, Inc. (the "Company") (OTC: IMTH), a provider of health and wellness services, today announced that it has signed a share exchange agreement to acquire RX Vitality, Inc. (“RX Vitality”), a media and finance advisory company, in a stock transaction.
“The Company remains committed to its strategy of growing its health and wellness services, as well as its healthcare digital wallet under development. We believe that this acquisition is a crucial step in our anticipated expansion, prior to going live with our digital wallet and mobile application, as the management of RX Vitality has a combined 100+ years experience in media, finance and technology,” said Michael Friedman, President and CEO of the Company.
He continued, “We are confident that the seasoned RX Vitality management team can leverage their operational expertise and extensive business networks to help us achieve our long-term growth strategies to become a leading health and wellness service provider and a provide users with a leading health care digital wallet. This acquisition deepens our bench of seasoned advisors with the goal of allowing us to take advantage of opportunities as we target new markets with the intentions of launching and expanding our businesses. We plan to announce some new additions to our Board of Advisors as a result of this acquisition, who we believe can add great value and insight into how to gain traction and exposure for our products and our company overall.”
Key Transaction Terms and Details
Pursuant to the Share Exchange Agreement, the shareholders of RX Vitality sold 100% of their outstanding shares of RX Vitality to the Company in exchange for receiving 5,500,000 shares of Company common stock and 50,000 shares of Series A Convertible Preferred Stock (which preferred stock is convertible into 5,000,000 shares of common stock).
The description of the transaction contained here is only a summary and is qualified in its entirety by reference to the Current Report on Form 8-K filed with the SEC, as well as the Exchange Agreement, relating to the transaction, filed by the Company with the SEC on April 28, 2022.
About Innovative MedTech, Inc.
Innovative MedTech, Inc. is a provider of health and wellness services, and has two divisions: RX Vitality digital wallet and health care app under development, and its wholly owned subsidiary SarahCare, an adult day care center franchisor with 2 corporate owned centers and 26 franchise locations across the United States. SarahCare offers seniors daytime care and activities ranging from exercise and medical needs daily to nursing care and salon services. For more information, please visit: https://innovativemedtechinc.com, and https://sarahcare.com.
Safe Harbor Statement
Statements in this press release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and are not guarantees of future performance and are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations and are subject to change at any time. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. These and other important factors may cause the Company’s actual results, performance, or achievements to differ materially from any future results, performance, achievements or plans expressed or implied by these forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Media inquiries:
Michael Friedman
708-925-9424
ir@innovativemedtechinc.com
ChannelTrader
3 years ago
$IMTH - Innovative MedTech Enters Into an Agreement with mPulse Mobile to Expand Services in its Digital Wallet and App
https://www.globenewswire.com/news-release/2022/04/05/2416891/0/en/Innovative-MedTech-Enters-Into-an-Agreement-with-mPulse-Mobile-to-Expand-Services-in-its-Digital-Wallet-and-App.html
Strategic Move to Expand Services in its Digital Platform
April 05, 2022 10:49 ET | Source: Innovative MedTech, Inc.
BLUE ISLAND, Ill., April 05, 2022 (GLOBE NEWSWIRE) -- Innovative MedTech, Inc. (the "Company") (OTC: IMTH), a provider of health and wellness services, today announced that it has engaged mPulse Mobile, a leader in conversational AI and digital engagement solutions for the healthcare industry, to drive engagement with the Company’s digital app and wallet (currently under development).
mPulse Mobile’s health activation platform combines conversational AI with award-winning streaming health education to deliver tailored digital engagement that nurtures, educates, and activates healthcare consumers. According to mPulse, they have more than a decade of experience, 150+ healthcare customers and 500 million conversations annually. mPulse combines behavioral science, consumer insights, and engagement strategy to help healthcare organizations activate consumers to adopt healthy behaviors. mPulse’s solutions enable healthcare organizations to collect meaningful information from their populations, cost-effectively and at scale.
“We are excited to be working with mPulse Mobile to help execute on our growth strategy. By combining their unique conversational AI and rich streaming health education capabilities with our digital health wallet and app that we are developing, we believe we will be able to provide an outstanding health experience for consumers,” said Michael Friedman, President of the Company.
He continued, “As we continue development and expect to rollout our digital wallet and app soon, we feel that by including mPulse Mobile’s advanced technology in our platform we will boost engagement, education, and success for our users. We expect that this will be a collaborative effort, and we are excited to work with and, we believe, add value to each other’s platforms.”
About Innovative MedTech, Inc.
Innovative MedTech, Inc. is a provider of health and wellness services, and has two divisions: RX Vitality, a digital wallet and health care app under development, and SarahCare, an adult day care center franchisor with 2 corporate owned centers and 26 franchise locations across the United States. SarahCare offers seniors daytime care and activities ranging from exercise and medical needs daily to nursing care and salon services. For more information, please visit: https://innovativemedtechinc.com, and https://sarahcare.com.
Safe Harbor Statement
Statements in this press release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and are not guarantees of future performance and are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations and are subject to change at any time. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. These and other important factors may cause the Company’s actual results, performance, or achievements to differ materially from any future results, performance, achievements or plans expressed or implied by these forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Media inquiries:
Michael Friedman
708-925-9424
ir@innovativemedtechinc.com
makinezmoney
4 years ago
$IMTH: NEW President....... Dr. Merle Griff
Innovative MedTech Appoints Dr. Merle Griff as President of its Newly Acquired SarahCare Subsidiaries
8:15 AM ET 4/13/21 | Dow Jones
SarahCare Founder to Continue Its Mission to Provide Supportive Adult Day Care Under Innovative MedTech Umbrella
BLUE ISLAND, IL / ACCESSWIRE / April 13, 2021 / Innovative MedTech, Inc. (the "Company") (OTC PINK:IMTH), a provider of health and wellness services, today announced the appointment of Dr. Merle Griff as president of its newly acquired subsidiaries, Sarah Adult Day Services, Inc. and Sarah Day Care Centers, Inc., (together, "SarahCare") a provider of Senior Adult Recreation and Health facilities. As SarahCare's original founder and CEO, Dr. Griff will continue its mission to provide daytime medical and quality of life care and support to seniors.
"I have dedicated a significant portion of my career to the conscious and holistic care for independently living adults who need or desire additional support in maintaining their health - whether physical or emotional - and am proud to continue to helm SarahCare in service to that mission under the umbrella of Innovative MedTech," said Dr. Griff. "I believe that SarahCare is an excellent flagship to address the increasing needs of senior care, particularly the care of aging veterans, and look forward to helping to guide both our franchise-based business, and Innovative MedTech, toward consistent improvement in how we care for our aging population."
Dr. Griff is one of the leading authorities on the care of seniors in the United States. She has been a delegate to the last three White House Conferences on Aging, past Chairperson of the National Adult Day Services Association, member of numerous national task forces for the Assistant Secretary of Aging and the Long -Term Care Division of the Veterans Administration. Current activities include active membership of the Center for Medicare and Medicaid Services Caregiver Workforce Group and a Thought Leader for HEOPS, Inc. a leader in managed care services.
Dr. Griff has been invited to present at international conferences such as the World Congress of Family and Child and the International Conference on Wrap-Around Services and has been an invited speaker at universities throughout South America and Europe. As researcher and developer of various family intervention techniques, Dr. Griff's original therapeutic approaches are being used throughout the world including England, Australia, Brazil, Argentina, and Slovenia. In addition, she has written extensively on intergenerational dynamics, including the book, LinkAges, and articles in journals such as The Gerontologist.
Beginning as a child and family therapist, with a BS in Psychology from Temple University and a Ph.D. in Human Development and Psychology from Walden University, she opened one of the first adult/child (intergenerational) day care centers in the country. This intergenerational center became a national training and research site for students and practitioners in diverse fields such as child development and gerontology.
About SarahCare
With 27 centers located in 13 states, as well as in the United Arab Emirates and Saudi Arabia, SarahCare offers seniors daytime care and activities ranging from meeting their physical and medical needs, on a daily basis and ranging from nursing care to salon services and providing meals, to offering engaging and enriching activities to allow them to continue to lead active and engaged lives. The adult day care industry generated $4.9 billion in 2020 and is expected to increase 4.4% in 2021.
About Innovative MedTech, Inc.
Innovative MedTech, Inc. is based in Blue Island, IL. The Company is a provider of health and wellness services, including SarahCare, an adult day care center provider. For more information, please visit: https://innovativemedtechinc.com and https://sarahcare.com.
Safe Harbor Statement
Statements in this press release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are not guarantees of future performance and are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Media inquiries:
Michael Friedman
708-925-9424
ir@innovativemedtechinc.com
SOURCE: Innovative MedTech, Inc.
View source version on accesswire.com:
https://www.accesswire.com/640103/Innovative-MedTech-Appoints-Dr-Merle-Griff-as-President-of-its-Newly-Acquired-SarahCare-Subsidiaries
> Dow Jones Newswires
April 13, 2021 08:15 ET (12:15 GMT)
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