OnMed Entering a Non-Binding Letter of Intent (LOI) for a Potential Business Combination to Take the Company Public

OnMed recently announced that we have entered into a non-binding Letter of Intent (LOI) with a partner for a potential business combination to take the company public. We are excited about what this means for expanding healthcare access.  

"We are excited to partner with the Berto team because of their significant experience and success in scaling tech-enabled infrastructure solutions," said Karthik Ganesh, CEO of OnMed. "OnMed's purpose is to improve the quality of life and sense of wellbeing in the communities where CareStations are deployed. With CareStations having fully diagnosed 85% of patients without a specialist referral and supported the 50% of patients who said they would otherwise have gone to the ER or urgent care, we are proving that this model works. From contract to deployment, a CareStation can be fully operational in just 30 days, bringing quick, convenient healthcare access to all corners of the country."

"OnMed is building the infrastructure for healthcare access in America, addressing one of the most pressing challenges facing our communities today. We could not be more pleased and excited to work with Karthik and his team at OnMed, who have created a scalable solution that combines the best of technology and innovative infrastructure solutions," said Harry You, Chairman of Berto Acquisition Corp. "OnMed has the financial and business characteristics we like to see for the companies we have taken public–strong growth, an emerging free cash flow positive model, an IP-protected platform, and a massive addressable market with the potential to be extended further by cutting edge technologies like AI.”

We’re honored that this announcement is featured in Bloomberg. Read about it here.

You can also read the full press release here.

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