Vancouver-based UniDoc Health, which sells cube-shaped kiosks for remote healthcare, has struck a deal to purchase software and other assets from American healthtech firm AMD Telemedicine.
UniDoc has entered into a definitive agreement to buy AMD Telemedicine’s name, Agnes Connect software, related intellectual property, customer subscriptions, and accounts for $175,000 USD ($251,000 CAD) in cash to strengthen its telehealth offering. This will mark UniDoc’s first acquisition to date.
UniDoc has developed a cube-shaped kiosk for remote medical appointments.
In a statement, UniDoc CEO Tony Baldassarre said that AMD Telemedicine deal will bolster UniDoc’s existing software, position UniDoc to provide “a more comprehensive and seamless” telehealth product overall, and give the company direct access to an established network of customers.
This strategic acquisition remains subject to customary closing conditions, including approval from the Canadian Securities Exchange, where UniDoc trades, if required. Baldassarre expects this deal to close by next week.
UniDoc has developed a cube-shaped, self-contained virtual kiosk called the H3 Health Cube to enable remote medical appointments and examinations with physicians. These cubes contain traditional medical and diagnostic tools, as well as artificial intelligence (AI)-enabled solutions aimed at facilitating consultations as though patients were present in a doctor’s office.
According to Baldassarre, the H3 Health Cube can help facilitate blood tests, urine analysis, electrocardiograms, dermatology assessments, X-rays, magnetic resonance imaging, computed tomography scans, dialysis, and more. Its system is designed to be integrated with hundreds of additional medical devices. UniDoc does not facilitate self-testing—the CEO noted that a nurse or trained technician is always physically present to operate medical instruments.
Through its combined software-hardware offering, UniDoc hopes to replicate the in-person medical consultation process for patients in a variety of geographic areas, including rural regions and places where healthcare services have been affected by conflict.
UniDoc was founded in early 2021 and went public later that year. After three years of work developing its tech, UniDoc is now focused on commercialization, Baldassarre said. The company is targeting markets including healthcare ministries, rural areas, disaster zones, hospitals, defence ministries, academia, and retail.
Late last year, UniDoc delivered its first three AI-equipped H3 Health Cubes to clients, including a children’s hospital in Ukraine and the Aiutamoli a Vivere Foundation, an Italian aid group that plans to deploy it in places like Ukraine and Gaza.
The AMD Telemedicine product Agnes Connect is a secure, encrypted, cloud-based clinical examination platform that UniDoc already uses to integrate data from its devices with live video conferencing, documentation, and medical images.
UniDoc’s Neil Connect offering is a rebranded version of Agnes Connect, the software that serves as the platform for all of the company’s H3 Health Cubes. The Vancouver healthtech firm has been working with AMD Telemedicine for the past three years, and Baldassarre said acquisition discussions began three months ago. This agreement gives UniDoc full control of Agnes Connect, eliminating dependence on a third party.
According to Baldassarre, AMD Telemedicine previously let some of its employees go, but UniDoc plans to retain its engineers and sales team. Once the acquisition is complete, UniDoc intends to continue supporting Agnes Connect’s existing customers and grow its client base. At this time, Baldassarre said AMD Telemedicine will continue operating under its current name.
Feature image courtesy UniDoc Health.