21:10:01 EDT Thu 02 May 2024
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Certive Solutions Inc
Symbol CBP
Shares Issued 159,827,576
Close 2023-08-01 C$ 0.015
Market Cap C$ 2,397,414
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Certive, Magnative Point form Magnative Health JV

2023-08-09 12:36 ET - News Release

Mr. Tom Marreel reports

CERTIVE ANNOUNCES NEW JOINT VENTURE "MAGNATIVE HEALTH"

Certive Solutions Inc. has acquired a majority ownership in a newly formed joint venture named Magnative Health in partnership with Magnolia Point, a leading innovator in digital health care artificial intelligence solutions. Magnative Health will pave the way for innovative AI-based digital efficiency solutions for hospitals and health systems throughout the United States and Canada.

Both companies bring a wealth of experience, expertise and a shared vision for enhancing health care through advanced technologies. By combining Certive Health's extensive knowledge of health systems with Magnolia Point's prowess in digital medical AI solutions, the joint venture aims to bring new efficiencies and innovative patient-centricity to hospital and health system technology networks.

Matthew Bintzler, chief executive officer of Magnolia Point, expressed great enthusiasm about the collaboration, stating: "We are thrilled to be entering into this strategic joint venture with Certive Health. Magnative Health will leverage our collective strengths to drive innovation benefiting patients, health care providers and the industry as a whole."

Tom Marreel, CEO of Certive Health, stated: "Certive Health and Magnolia Point have been working together for the past year to provide a digital solution for our mutual client; I see the creation of Magnative Health as building upon our strong business relationship and collaboration with Magnolia Point. We intend to provide hospital and health system clients with a digital solution that drive efficiencies in patient care, improve health care outcomes and provide financial benefits. Through Certive Health's connectivity with hospitals and health systems and leading health care advisers we have identified a health system as our first prospective client."

The joint venture will focus on developing a wide array of digital solutions tailor-made for hospital technology networks, ranging from advanced AI-powered diagnostics to next-generation data management and analytics. Magnative Health aims to redefine the health care landscape by empowering hospital networks with cutting-edge technologies that enhance decision-making, optimize workflows and improve patient care outcomes.

This partnership marks a significant milestone for both companies, reinforcing their shared commitment to revolutionizing health care through collaborative efforts. Certive looks forward to the myriad possibilities that Magnative Health will unlock in the hospital network industry, ultimately contributing to the betterment of health care services worldwide.

About Certive Solutions Inc.

Certive Solutions (Scottsdale, Ariz.) is currently 100 per cent focused on the operations and value proposition of its wholly owned subsidiary, Certive Health Inc., and its subsidiaries, Certive Health Revenue Solutions and Certive Health Compliance Solutions. With identical board of directors, management, advisory council, mission and vision, Certive Solutions is strategically positioned as a public company. All advisers and board members are investors in the company and all have significant networks. Their collective experience, expertise and relationships are the people-equity upon which the company was founded. Certive Health's vision is making the $3.7-trillion health care market better by applying its people-equity and capital to create new technologies and solutions for the health care communities it serves. Certive Health's revenue cycle services assist hospitals with the complexity of the reimbursement process and improve their financial and quality performance. Certive Health's cybersecurity solutions allow health care providers to protect their networks, their data and their patients from malicious agents and aggressors.

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