Carebook
Carebook Technologies, headquartered in Montreal, offers digital health solutions for various sectors and trades on multiple stock exchanges. Their platforms, including CoreHealth and Wellness Checkpoint, serve over 3.5 million license holders globally.
Company Overview
Carebook Technologies is headquartered in Montreal and operates in the digital health sector, offering a range of solutions designed for employers, pharmacies, insurance providers, and businesses. The company is publicly traded on the TSX Venture Exchange under the symbol CRBK, on the OTC Markets under CRBKF, and on the Frankfurt Stock Exchange under PMM1.
Products
Carebook Technologies provides several products including CoreHealth, Wellness Checkpoint, and a Pharmacy platform. The CoreHealth platform consolidates corporate health and wellness programs, Wellness Checkpoint serves as a comprehensive health risk assessment tool for employees, and the Pharmacy platform integrates services such as medication management, health and well-being, loyalty programs, and rewards.
Financial Performance
Carebook Technologies reported a revenue growth of 43% for Q1 2024, amounting to $3.6M compared to Q1 2023. The company achieved its first quarter of positive Adjusted EBITDA in Q3 2023 and closed a $2 million private placement of convertible debt in December 2023.
Global Reach
Carebook Technologies' solutions are employed by over 3.5 million license holders globally. The platform supports multiple languages and services a diverse, global client base. The company’s pharmacy engagement platform is exclusively used by McKesson in Canada.
Privacy and Security
Carebook Technologies places a strong emphasis on privacy and security. The company adheres to HIPAA and PIPEDA safeguards to ensure the protection of users' health information and data. This commitment is part of their broader focus on maintaining high standards in digital health solutions.