on Cloud DX Inc. (isin : CA18912D1006)
Cloud DX Secures $9.4 Million Contract with BC-PHSA
On May 17, 2024, the British Columbia Provincial Health Services Authority (BC-PHSA) posted a Contract Award Notice valued at $9.4 million CAD.
After a competitive RFP process, Cloud DX secured a province-wide contract for Remote Patient Monitoring (RPM) products and services. The contract, signed on April 23, 2024, includes a term of 36 months with two 12-month extension options. Each patient subscription averages $1,520 CAD annually, covering the cost of the Connected Health Kit, software, and connectivity.
With this contract, Cloud DX has announced 26 new agreements in 2024 alone, totaling $14.6 million CAD. This milestone extends Cloud DX's presence as a leading RPM provider in Canada, having secured multiple contracts at various levels including five provincial authorities and several hospitals.
CEO Robert Kaul highlighted this award as a critical milestone for Cloud DX, affirming the company's leading role in Canadian healthcare.
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