Empower Clinics Inc. (CSE:EPW, OTCQB:EPWCF) announced that its Medisure Laboratory subsidiary has signed a clinical laboratory services agreement with Specialist Network of North America Inc (SSNA).
The Vancouver-based integrated healthcare company told investors the agreement follows the recently-announced partnership between Empower and SNNA to launch a healthcare network whose mission is to bring access to quality and affordable specialist healthcare to underserved communities across the US.
"This agreement is exactly the type of accretive benefit that I envisioned when Empower partnered with SSNA last month," Empower chairman and CEO Steven McAuley said in a statement.
READ: Empower Clinics partners up with Specialty Networks of North America to address underserved communities in the US
The company said the laboratory services agreement will provide SNNA with the opportunity to offer its patients a full range of required cardiology screening panels and point-of-care testing products that are integral to the diagnosis and the provision of treatment options. Medisure Labs will generate new consistent monthly revenue while playing an important role in helping underserved patients.
"With Medisure Labs, we have a laboratory that has state-of-the-art technology and a pristine operating environment," McAuley added. "We continue to aggressively pursue and replicate laboratory service agreements like the one with SSNA to maximize our return on investment in Medisure Laboratory."
Empower has a growing presence in the US and Canada with multi-disciplinary clinics, an at-home medical testing device company and advanced medical diagnostics laboratories.
Contact the author at stephen.gunnion@proactiveinvestors.com