COSMOS HOLDINGS to acquire ZipDoctor telemedicine platform

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Cosmos Holdings ($NASDAQ:COSM), a healthcare group, has entered into a non-binding letter of intent to acquire ZipDoctor, a subscription-based telemedicine platform, from American International Holdings. The acquisition is subject to the negotiation and execution of a definitive agreement, as well as customary closing conditions. ZipDoctor offers on-demand access to licensed physicians via video chat for a monthly subscription fee. The platform is designed to make it easy for users to get the medical care they need, when they need it.

The acquisition of ZipDoctor would add a new dimension to Cosmos Holdings’ healthcare offerings. The ZipDoctor platform would complement the group’s existing portfolio of businesses, which includes hospitals, clinics, and other healthcare providers. If the acquisition is completed, Cosmos Holdings would be well-positioned to provide a comprehensive suite of healthcare services to its customers.

Price History

COSMOS HOLDINGS, a provider of digital health solutions, announced on Wednesday that it has entered into an agreement to acquire the ZipDoctor telemedicine platform. ZipDoctor is a HIPAA-compliant video platform that enables patients to consult with doctors and other healthcare professionals online. COSMOS HOLDINGS stock opened at $0.2 and closed at $0.2, up by 3.9% from last closing price of 0.2.

VI Analysis

Cosmos Holdings is a company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. The company’s fundamentals reflect its long-term potential, and the VI Star Chart shows that Cosmos Holdings is classified as a ‘cheetah’ a type of company that is more volatile due to its attempt to grow faster. However, the company has a low health score of 2/10 considering its cashflows and debt, and is less likely to safely ride out any crisis without the risk of bankruptcy. In terms of key strengths, Cosmos Holdings is strong in growth and medium in asset management, but weak in dividend payouts and profitability.

Summary

COSMOS HOLDINGS is a holding company that is looking to acquire the ZipDoctor telemedicine platform. This is a good move for the company as it will help them expand their reach and provide better services to their customers. The stock price moved up the same day as the announcement, indicating that investors are bullish on the company’s future prospects.