Treatment.com AI Enters Into a Binding Letter of Intent to Acquire Alea Health Holdings Limited adding an AI Powered Voice Agent and Mental Health to its Platform
By integrating our AI capabilities with the GLM library, we can extend the reach of our technology to a wider audience, creating the foundation for a deeper impact on healthcare outcomes.” Transaction Overview The Letter of Intent contemplates that Treatment will acquire 100% of the issued and outstanding ordinary shares in the capital of Alea (the "Alea Shares”) by making the following payments: (i) a cash payment of USD $15,000, within seven (7) business days from the execution of the Letter of Intent, which has been paid as of the date hereof; (ii) a cash payment of USD $180,000 to the holder of a Simple Agreement for Future Equity note of Alea Health on the closing date of the Proposed Transaction (the "Closing Date”); (iii) a cash payment of USD $120,000 on the Closing Date to the Alea Shareholders, pro rata in proportion to their holdings; and (iv) the issuance of common shares in the capital of Treatment with a total deemed value of USD $100,000 (the "Consideration Shares”) on the Closing Date, with a deemed value per each consideration share to be determined, subject to the pricing requirements of the Canadian Securities Exchange (the "CSE”).
NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESStrategic Expansion with Proposed Acquisition of Alea Health Holdings Limited, a UAE based AI companyProprietary Voice Agent using Conversational AI for onboarding and triaging patientsExtended geographic reach - entry into the Middle East Healthcare marketAdvancing Mental Health Support using Alea’s proprietary and AI powered Mental Health Platform to Augment Primary and Specialist CareEnhanced Bench Strength: Expertise Driving Innovation VANCOUVER, British Columbia, Jan.28, 2025 (GLOBE NEWSWIRE) -- Treatment.com AI Inc.(CSE: TRUE, OTC: TREIF, Frankfurt: 939) ("Treatment”) is pleased to announce it has entered into a binding letter of intent dated January 28, 2025 (the "Letter of Intent”) with Alea Health Holdings Limited ("Alea Health”) for the proposed acquisition of Alea Health by Treatment (the "Proposed Transaction”).
Voice AI has the opportunity to impact many aspects of our current healthcare systems including: AI powered and automated Multi-Lingual Patient Intake, Triage and AssessmentStreamlining of Healthcare Professionals Administrative TasksClinical Decision SupportRemote Patient Monitoring and Post Hospital/Clinic Discharge follow upsMental Health Support and Therapy The integration of Alea Health’s platform with Treatment’s proprietary Global Library of Medicine (GLM), a highly advanced and personalized AI healthcare engine, is aimed to enhance the company’s ability to deliver a unified and comprehensive solution tailored to meet the needs of healthcare systems worldwide. Extended Geographic Reach - UAE The GCC (Gulf Cooperation Council) announced at the end of 2024 (see: Revolutionizing Healthcare in the GCC: AI, Innovation & Data Impact) it expects to invest up to $135 billion to revolutionize healthcare through AI and data-driven innovation.
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