DOCRF - CloudMD announces rapid growth in EHS division estimates continued growth

CloudMD Software & Services (DOCRF) announces significant organic growth and integration synergies across the platform in its newly launched Enterprise Health Solutions divisions.Majority of the EHS business acquisitions were closed in January 2021 and since then it has secured $5M in new, multi-year customer contracts for mental and physical health solutions.EHS division identified operational synergies with annual cost savings exceeding $500K.CloudMD anticipates the continued growth of the EHS Division, with annual pro forma revenue growth rate of over 20% and healthy gross margins exceeding 50%.In April 2021, the company will be launching its EHS fully-integrated, proprietary health services platform.

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CloudMD announces rapid growth in EHS division, estimates continued growth