WPF Holdings Inc. (OTC: WPFH) Stock Continues to Trend Higher: But Why?

Investors are increasingly looking into companies that may have come up with innovative solutions. There are a number of companies that one could look into in that regard, and one of those is WPF Holdings Inc. (OTC: WPFH). The company had come into the news cycle on August 21 when it announced that it had signed a number of letters of intent and had also started preparing agreements for the acquisition of several companies.

The company noted in its news release at the time that it was going to make those acquisitions so its subsidiary unit, Vezbi Inc., could start the fast deployment of its Super App system for the healthcare sector. WPF Holdings noted at the time that it anticipated the signing of definitive agreements by the end of September and the acquisitions being concluded by the third quarter of the year.

In this context, it could be a good idea for investors to have an idea about the acquisition that has been targeted by the company. Those are a cloud medical record storage service company, a telemedicine service company, a medical testing laboratory, an artificial intelligence recording and transcription device and service company, and an artificial intelligence medical networking platform. The combined transaction size of the target companies was pegged at $250 million. The reported revenues of the companies surpassed $50 million a year combined.

WPF Holdings also revealed that, owing to the confidentiality agreements that were in place, it was not going to reveal the names of the companies up until the closure of each acquisition. The company made healthcare its priority sector among the sectors that it wishes to develop with the Vezbi Super App. The healthcare industry remains one of the most valuable and biggest sectors in the United States. WPF Holdings believes that it would be able to help with the integration and simplification of information and services for consumers. Consequently, it would also help insurers, medical practitioners, and other related parties.

One of the more important things to keep in mind about the Vezbi Super App is the fact that it offers the possibility of powerful integrations. Hence, the app has the potential to cut across the congestion that is often encountered in the healthcare space. In fact, the industry has suffered due to these congestions for quite a while as it tried to grapple with the changes brought about by the digital world.

The company also announced in its news release that the users of the Vezbi Super App would be able to consult a doctor, schedule appointments, refill prescriptions, access their medical records, and connect to the relevant support networks. The Super App is community-driven and has been designed to consolidate and organize all aspects of the life of an individual in a centralized application. The Super App is not governed by any overarching algorithm, and on top of that, the app is not involved in data selling. Last but not least, there is no cloak of anonymity at play either.