H-Source, United Iro­quois en­ter pro­mo­tion, ser­vice deal

Stockwatch Daily - - CONSUMER GOODS - Mr. John Kupice re­ports

H-SOURCE HOLD­INGS Ltd. has en­tered into a joint pro­mo­tion and ser­vice agree­ment with United Iro­quois Shared Ser­vices Inc. (UISS), the for-profit di­vi­sion of Iro­quois Health­care. UISS con­sists of over 500 mem­bers, in­clud­ing hos­pi­tals, surgery cen­tres, nurs­ing homes, physi­cian groups, health main­te­nance or­ga­ni­za­tions (HMOs) and other health care providers. The H-Source plat­form will en­able as­so­ci­a­tion mem­bers a di­rect cloud-based mar­ket­place to buy and sell sur­plus in­ven­tory and sup­plies with one other, fur­ther en­abling mem­bers to col­lab­o­rate to re­cover cost, re­duce spend and elim­i­nate sup­ply chain waste. Ad­di­tion­ally, UISS mem­bers have ac­cess to the ag­gre­gate H-Source mar­ket­place of mem­ber fa­cil­i­ties.

Michael Be­vivino, UISS di­rec­tor of sup­ply chain strate­gies, said: “I be­lieve that this is truly a great ser­vice, and I am glad that H-Source can help us bring it to our mem­bers. We look for­ward to work­ing with H-Source Hold­ings Ltd.”

“We are ex­cited to work with United Iro­quois Shared Ser­vices Inc. UISS is an ex­em­plary health care or­ga­ni­za­tion with a di­verse and sto­ried group of mem­bers, span­ning the en­tire care con­tin­uum, and we are hon­oured to have the op­por­tu­nity to serve each of them,” com­mented John Kupice, chief ex­ec­u­tive of­fi­cer and di­rec­tor of H-Source. “We look for­ward to jointly cre­at­ing value and im­prov­ing sup­ply chain ef­fi­ciency across the con­tin­uum of care for UISS and its mem­bers.”

About H-Source Hold­ings Inc.

H-Source Hold­ings is a tech­nol­ogy com­pany op­er­at­ing within the health care in­dus­try through its wholly owned sub­sidiary, H-Source Inc. The com­pany has de­vel­oped a trans­ac­tion plat­form that pro­vides a pri­vate, se­cure and trusted mar­ket­place for mem­ber hos­pi­tals to buy, sell and trans­fer ex­cess in­ven­tory sup­plies and cap­i­tal equip­ment with one other. Mem­ber hos­pi­tals can con­duct se­cure trans­ac­tions within in­te­grated de­liv­ery net­works, the com­plete H-Source net­work or cus­tom­ize their own group hos­pi­tals us­ing H-Source’s built-in fil­ters. This net­work is specif­i­cally de­signed to re­duce health care costs and med­i­cal prod­uct waste.

We seek Safe Har­bor.

Savio Chiu, Martin Hubbes, John T Kupice, Ron­ald Perry Over­street, Richard John Umb­den­stock, Jim Mur­ray Walden

(HSI) Shares: 70,452,463

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