In its filings with Bursa Malaysia, Yong Tai said its wholly-owned subsidiary YTB Impression Sdn Bhd terminated the deal due to non-fulfilment of the condition precedent as stated in clause 3.1(c) of the joint development agreement. Yong Tai fell half a sen to close at 32.5 sen yesterday.
KUALA LUMPUR: Inova Solutions Limited, Inova Care LLC and Ucrest Bhd
have executed a collaboration agreement to develop and distribute UCrest’s portfolio of innovative and technology-driven health care products and services in North America and Asia on a mass and niche basis using multiple distribution channels.
Headquartered in the United States, Inova Solutions and Inova Care are the leading medical insurance Third Party Administrator and consulting companies with offices in the United States, Asia Pacific and Middle East countries.
In a statement Monday, UCrest said that Inova has a network of thousands of hospitals and clinics in Asia Pacific countries and the United States where they process millions of medical claims each year for several multinational insurance companies and self-insured clients.
Under this agreement, Inova Solutions will expand UCrest’s offerings within the health insurance industry and represent UCrest in all North America insurance and health care business valued at over US$10tril by integrating UCrest’stechnology and i-medic programs into Inova Care’s digital strategy.
UCrest i-medic online medical services including chronic disease management, e-prescription and digital electronic medical records will be incorporated into insurance products that will be through multiple distribution channels.
Inova Group of Companies founer and CEO John Le Boeuf and UCrest chairman and CEO Eg Kah-Yee have a shared vision that digitalization will continue to revolutionize how health care is delivered, accessed and administered globally.
“For many people in North America and Asia, affordability is the major impediment to quality health care. This collaboration will deliver affordable and high-quality health care options to individuals across the entire socio-economic spectrum” said Le Boeuf.
“i-medic’s revolutionary technology is years ahead of what’s available in the market today and will be able change to change the access and delivery of healthcare services and substantially reduce the overall healthcare cost in the system,” added Le Boeuf.
“With the productization of i-medic technology into various insurance programs, this will allow hundreds of millions of people in North America and Asia Pacific to have better access to quality healthcare and improve lifestyle. This will also rapidly expand the use of the i-medic technology in the main stream market globally”, said Eg.
Inova Solutions was established in 2002 and is the parent company of Inova Care and Inova Digital Technologies. Inova Solutions specialize in developing strategic solutions that contribute to the value chain for health care providers, insurers and members worldwide.
UCrest is a mobile health platform developer and operator with its i-medic?Cloud Hospital used by doctors and patients in the US, Russia, China and other Asian countries.
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