Marpai Well being Announces Closing of Continental Advantages Acquisition | Enterprise & Finance

TAMPA, Fla.–(Business WIRE)–Apr 2, 2021–

Marpai Health and fitness, Inc., a worldwide chief in deep discovering, the most superior variety of artificial intelligence, introduced today it has closed its formerly declared acquisition of 3rd-party administrator Continental Benefits, Inc.

Headquartered in Tampa, Florida, Marpai brings deep mastering to self-insured wellbeing designs, which will make it possible for for the processing of thorough data to improve high quality treatment, lessen charges, simplify the health care practical experience, and empower approach users to reside healthier life.

“We consider that our acquisition of Continental Gains will launch the 1st AI self-insured overall health strategy and will completely transform the way health options are delivered and made use of,” said Edmundo Gonzalez, CEO of Marpai Overall health. “We glance ahead to integrating Marpai’s Intelligent wellness plan system. This is a technique grounded in deep studying which presents members the ability to make informed choices relating to their healthcare – currently and in the future.”

Marpai Health is a leader in deep finding out and the inventor of the to start with Clever Wellbeing Options Service Method to make improvements to overall health outcomes and radically lower health care fees for self-insured providers and their staff. With a mission to conserve lives, increase life and radically reduce health care spending, Marpai is a member-centric technique that seeks to empower associates, companies and vendors to get forward with deep mastering and Good automation. Marpai Labs analyzes the most comprehensive information to make proprietary products and algorithms that generate the method which frequently collects data to adapt and strengthen. For extra details, make sure you check out marpaihealth.com.

About Continental Advantages

Continental Gains, owned by Damien Lamendola, is a nationwide health care payer and acts as a third-party administrator or “TPA” dealing with all administrative aspects of delivering healthcare to self-insured employer teams. It supplies very best-in-class packages with a emphasis on strengthening wellbeing although emphasizing high-quality and transparency. Founded in 2013, Continental Positive aspects is accredited in 50 states with tens of hundreds of customers and supplier community agreements with Cigna and Aetna. It is a privately owned corporation headquartered in Tampa, FL.

Forward-hunting Statements

This press release has ahead-searching statements, as that time period is described in the Non-public Litigation Reform Act of 1995, that involve substantial challenges and uncertainties, which includes statements with regards to predicted fourth-quarter effects. Ahead-on the lookout statements can be identified as a result of the use of phrases these types of as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,”, “goal” and versions of these phrases or comparable expressions. Visitors are cautioned not to area undue reliance on these forward-hunting statements, which mirror Marpai’s latest expectations and discuss only as of the day of this release. Genuine results may vary materially from Marpai’s existing anticipations based upon a range of variables. These variables involve, amid other individuals, adverse alterations in general economic and current market situations, competitive aspects including but not limited to pricing pressures and new item introductions, uncertainty of consumer acceptance of new product choices and market variations, dangers linked with managing the progress of the enterprise. Besides as essential by law, Marpai does not undertake any accountability to revise or update any forward-hunting statements.

412.327.9499Barbra Watson

Key word: FLORIDA UNITED STATES NORTH The usa

Industry Key phrase: Technologies Insurance coverage FINANCE Qualified Solutions Software Exercise Management MANAGED Care General Health Well being Information Administration

Resource: Marpai Wellbeing, Inc. and Continental Advantages, Inc.

Copyright Enterprise Wire 2021.

PUB: 04/02/2021 11:10 AM/DISC: 04/02/2021 11:10 AM

Copyright Business enterprise Wire 2021.