CloudMD Signs Multi-Service Contract with The Ottawa Hospital

Vancouver, British Columbia–(Newsfile Corp. – March 5, 2024) – CloudMD Software & Services Inc. (TSXV: DOC) (OTCQX: DOCRF) (FSE: 6PH) (the “Company” or “CloudMD“), a healthcare technology and innovative health services company transforming the delivery of care, announces the signing of a new muti-service contract with The Ottawa Hospital (“TOH”) to provide their 15,000+ team members with access to the full Kii, by CloudMD suite of services including Nurse Navigation, Employee Family Assistance Plan (EFAP), and Mental Health Support.

“At The Ottawa Hospital, we are always focused on increasing access to healthcare resources for our staff. Partnering with CloudMD allows us to provide nurse navigation, mental health support, and EFAP all in one spot,” said Honorata Bittner, Chief Strategy and People Officer at The Ottawa Hospital. “CloudMD’s proactive approach to care and simple navigation will benefit all of our staff including those that may work non-traditional hours.”

“We are honoured to be chosen to provide mental healthcare support for this incredibly dedicated team of healthcare workers. The Ottawa Hospital understands the value of workplace health and wellness – aligning perfectly with CloudMD’s philosophy of Empowering Healthier Living,” said Bram Lowsky, EVP, Head, Health and Wellness Services CloudMD. “This new partnership with a highly respected, innovative organization demonstrates the continuing momentum we are seeing in demand for our services from leading hospital groups and employers across Canada and the United States.”

CloudMD is a vendor of record with Mohawk Medbuy Corporation, a not-for-profit, shared services organization supporting hundreds of Canadian hospitals with supply chain, clinical, and back office services.

About The Ottawa Hospital

The Ottawa Hospital (TOH) is one of Canada’s top learning and research hospitals where we are guided by our vision to provide the world-class and compassionate care we would all want for our loved ones. Our multi-campus hospital, affiliated with the University of Ottawa, is home to the Regional Trauma Centre and Cancer Centre, and to discoveries that are adopted globally. Backed by generous support from the community, we are focused on reshaping the future of health care to improve the health of our diverse population of patients from Eastern Ontario, Western Quebec, and Nunavut.

For more information about The Ottawa Hospital, visit  OttawaHospital.on.ca.

About CloudMD Software & Services

CloudMD is an innovative North American healthcare service provider focused on empowering healthier living by combining leading-edge technology with an exceptional national network of healthcare professionals. Every day, our employees and healthcare providers live our values of delivering excellence, collaboration, connected communication, and accountability to solve complex health problems. CloudMD’s industry-leading workplace health and wellbeing solution, Kii, supports members and their families with a personalized and connected healthcare experience across mental, physical, and occupational health. Kii delivers superior clinical health outcomes, consistent high engagement, and measurable ROI for payers such as employers, educational institutions, associations, governments, and insurers. CloudMD is also a market leader in workplace absence management through data-driven prevention, intervention, and return-to-work programs.

In addition, the Company sells health and productivity tools to hospitals, clinics, and other healthcare service providers to empower them to deliver better care. Visit www.cloudmd.ca to learn more about the Company’s comprehensive healthcare offerings.

Forward-Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws, including statements about the Company’s focus and expectations for 2024. These statements are based upon information currently available to CloudMD’s management. All information that is not clearly historical in nature may constitute forward‐looking statements. In some cases, forward‐looking statements may be identified by the use of terms such as “forecast”, “assumption” and other similar expressions or future or conditional terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of CloudMD based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and CloudMD does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward‐looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Company’s MD&A (which is filed under the Company’s issuer profile on SEDAR+ and can be accessed at www.sedarplus.ca), that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. Although CloudMD has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward‐looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward‐looking statements. Accordingly, readers should not place undue reliance on forward‐looking information. CloudMD does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.

“Karen Adams”
Chief Executive Officer

FOR ADDITIONAL INFORMATION, CONTACT:

Investor Relations
Investors@cloudmd.ca
1-647-484-1405

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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