CloudMD Announces Results of the Annual General & Special Meeting
November 09 2021 - 5:17PM
CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF,
Frankfurt: 6PH) (the “
Company” or
“
CloudMD”), a healthcare technology company
transforming the delivery of care, has announced the results of its
annual general and special meeting (“
AGM”) held
today, November 9, 2021. The Company further announces that it has
appointed Duncan Hannay and Karen Adams to the Board of Directors
of CloudMD.
Mark Kohler, Chairman of the
Board comments, “On behalf of the entire Board of
Directors, I would like to personally thank all our supportive
shareholders for having confidence in us to deliver on our strategy
during this time of rapid growth. I would also like to welcome
Karen Adams and Duncan Hannay as new directors, as their collective
knowledge and experience will add value to our current Board. It is
a very exciting time for CloudMD and I am confident in our ability
to continue adding long term shareholder value.”
Results from the AGM
CloudMD’s shareholders voted in favour of all
business items addressed during the AGM, including:
- Electing Mark Kohler (Chairman),
Essam Hamza, Christopher Cherry, Duncan Hannay (new) and Karen
Adams (new) as directors of the Company.
- Appointing KPMG as the Company’s
auditors for the ensuing year.
- Approving the Company’s Restricted
Share Unit Plan and Stock Option Plan.
- Setting the number of directors to
five individuals for the ensuing year.
Duncan Hannay
(Independent Director)
Mr. Hannay is currently the Chief Executive
Officer of the Ontario Lottery and Gaming Corporation
(“OLG”) and brings more than 25 years of
experience growing businesses across industries, channels and
locations around the world. Before joining OLG, he was President
and CEO of Street Capital Group Inc, a Canadian public company
offering best-in-class retail banking products through its Schedule
I bank platform. He previously served as Chief Operating Officer at
Finastra, a global leader in software solutions for retail banking,
transaction banking, lending, and treasury and capital markets. He
also served as an executive leader at the Canadian-based financial
technology provider D+H, as President of Global Lending Solutions
and as President of D+H Canada. In addition, Duncan has held senior
executive positions with global financial services providers
Scotiabank and E*TRADE Financial. Mr. Hannay holds a Bachelor of
Engineering degree from McMaster University.
Karen Adams (President
and Director)
Ms. Adams is currently President of CloudMD as
well as its Global Head, Enterprise Health Solutions. She is a
senior executive with more than 20 years of creating growth through
innovation, people, process and technology in the employee
wellbeing market. Karen has experience in the evolution of
healthcare in mental and physical health through innovation and
evidence-based outcomes for employers, employees, insurers,
advisors and consumers. Karen has worked in senior executive
positions at Warren Shepell, Shepell.fgi, Morneau Shepell, SCM
Insurance, Snapclarity and is current director, and past Chair, of
Ontario Shores Centre for Mental Health Sciences foundation.
About CloudMD Software &
Services
CloudMD is transforming the delivery of
healthcare using technology and by providing a patient-centric
approach, with an emphasis on continuity of care. By leveraging
healthcare technology, the Company is building one, connected
platform that addresses all points of a patient’s healthcare
journey and provides better access to care and improved outcomes.
Through CloudMD’s proprietary technology, the Company delivers
quality healthcare through a holistic offering including hybrid
primary care clinics, specialist care, telemedicine, mental health
support, healthcare navigation, educational resources and
artificial intelligence (AI). CloudMD’s Enterprise Health Solutions
Division includes one of the top 4 Employee Assistance Programs in
Canada and offers one comprehensive, digitally connected platform
for corporations, insurers and advisors to better manage the health
and wellness of their employees and customers.
CloudMD currently services a combined ecosystem
of over 7,000 psychiatrists, approximately 4,500 therapists and
counsellors, approximately 4,000 psychologists, over 22,000 family
physicians, over 34,000 medical specialists, over 1,500 allied
health professionals across North America. For more information
visit: https://investors.cloudmd.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD"Chief Executive Officer
FOR ADDITIONAL INFORMATION, CONTACT:
Julia BeckerVP, Investor
Relations julia@cloudmd.ca(604) 785-0850
Forward Looking Statements
This news release contains forward-looking
statements that are based on CloudMD’s expectations, estimates and
projections regarding its business and the economic environment in
which it operates, including with respect to its business plans.
Although CloudMD believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to control or
predict. Therefore, actual outcomes and results may differ
materially from those expressed in these forward-looking statements
and readers should not place undue reliance on such statements.
These forward-looking statements speak only as of the date on which
they are made, and CloudMD undertakes no obligation to update them
publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by
law.
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
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