Bloom Health Partners Inc (CSE:BLMH, OTCQB:BLMHF) said it has been awarded an extension of its state-wide contract for coronavirus (COVID-19) testing in Texas for K-12 schools to the end of the 2022-2023 school year.
The Texas program, announced in January, includes both rapid and lab testing that covers the needs of schools as they plan for waves and variants associated with the pandemic.
As previously announced, Bloom will conduct PCR testing in its Dallas-based laboratory. Rapid tests will continue to be supplied to schools, with results data managed on Bloom's cloud data platform.
"We're honored to be an ongoing trusted health provider to schools in Texas," said Andrew Morton, CEO of Bloom in a statement. "Our team is focused on assisting schools in Texas to manage safety in the coming year through a strong clinical practice, supported by best-in-class labs and technology.
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“Bloom is growing its operational health-tech business with organizations to manage employee health issues in such areas as diabetes, critical illness screening, and everyday health challenges. As we grow our operational health business, our team in Texas will continue to deliver a reliable program that can help contain any pandemic-related concerns for schools across the state," Morton added.
The company noted that management of test data and results can be supported by its Bloom Shield cloud software platform suite. Designed for operational health for large organizations, Bloom Shield software covers several solutions in occupational health as part of the company's platform that includes clinical, labs and secure data management.
Bloom also announced that it has granted 125,000 stock options to an officer of the company, in accordance with the provisions of its stock option plan. The options are exercisable at a price of $0.40 per common share, have a term of five years and vest over a three-year period.
Bloom Health Partners is a global platform for healthcare security, diagnostic testing and occupational health tech. The company offers a system for businesses and organizations that helps engage employees and creates strategies to manage health and safety. Its stable, scalable system is an integrated health-tech platform that securely manages data while delivering comprehensive workplace health and safety outcomes.
Contact the author at jon.hopkins@proactiveinvestors.com