2024-03-06 06:24:37 ET
DENVER, Colo., Mar 06, 2024 ( 247marketnews.com )- Marpai, Inc. (NASDAQ: MRAI ) stated, at yesterday’s market close, that it signed a three-year deal to provide healthcare benefit services to a regional organization based in the southeast, which commenced this month and is expected to bring at least 20,000 households by the end of 2024.
MRAI is trading at $1.99, up $0.46 (+30.07%), on 1.37M shares traded. Its 52-week range is $0.33 to $13.60 and is just above a key inflection point. If it can hold this level, it could try to challenge the next key inflection point of $2.25.
John Powers, Marpai’s President, stated, “We are very pleased to bring on a new client, especially off the normal calendar year cycle of benefit plan contracts. Marpai’s custom solution and ability to move quickly to service the client, while offering significant cost savings, was crucial in Marpai winning the new business. We believe thar our vision of providing affordable healthcare and solid member experience is resonating with the market as companies continue to struggle with inflationary pressures.”
Marpai’s about ection states, “is a leading, national TPA company bringing value-oriented health plan services to employers that directly pay for employee health benefits. Primarily competing in the $22 billion TPA sector serving self-funded employer health plans representing over $1 trillion in annual claims. Marpai works to deliver the healthiest member population for the health plan budget. Operating nationwide, Marpai offers access to leading provider networks including Aetna and Cigna and all TPA services. For more information, visit www.marpaihealth.com , the content of which is not incorporated by reference into this press release.”
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Marpai Signs 3-year Healthcare Benefit Services Deal Bring 20,000+ Households