The decision supports the strategic goals to quickly focus on complementary services within the company
Scaling the Integrated Health Platform™
MONTREAL, December 27, 2022 /CNW Telbec/ – Dialogue Health Technologies Inc. MAINTENANCE (“Dialogue” or the “Company”), canada leading virtual health and wellness health platform, announced today that it has entered into a definitive agreement to divest its Occupational Health and Safety (OHS) service Germany. The transaction is expected to close on or before December 31, 2022subject to the fulfillment of customary closing conditions.
Dialogue has entered the occupational safety market Germany with the acquisition of ARGUMED Consulting Group GmbH (“Argumed”) in January 2020 and the segment has grown steadily ever since. After a normal strategic review of its product roadmap, the company identified the OHS business as a non-core asset that does not fit into Dialogue’s integrated platform strategy and lacks the high scalability the company is aiming for for international market growth.
The sale of the company’s OHS business reinforces Dialogue’s focus on adding highly complementary services to its integrated healthcare platformTM to meet the health and wellness needs of employers and insurers, from prevention to treatment.
“Our digital core business in Canada is experiencing robust growth of over 50% this year and is benefiting significantly from the close integration of all our services. We are also confident in our strategy to grow our international business through high-margin and highly scalable services such as our wellness and iCBT programs,” said Cherif Habib, Dialogue’s chief executive officer. “We will continue to invest in our IHP and complementary services to deliver excellent results for our members, customers and partners. As the new year begins, I look forward to the opportunities ahead.”
In the twelve months ends 09/30/2022The OHS business generated $4.7 million in revenue and an Adjusted EBITDA loss of $$ $1.8…
[ad_2]
Source story
