Bonum Health President Ashton Maaraba said, “This platform resolves a fundamental trust problem impacting employer’s safety and security policies, allowing companies to more effectively combat COVID-19 concerns in the workplace.”
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He added that Bonum Health is looking forward to expanding the tool’s capabilities to include other key features including prescription concierge services.
When the Tampa, Florida-based firm reported second-quarter results late last month, it was evident that the high demand for personal protective equipment (PPE) including N-95 masks and sanitizers had benefited it’s topline. Revenue rose 244%, well above street expectations, sending the stock up 35% immediately following the announcement.
However, lower margins on PPE had hurt the firm’s overall margins during the quarter.
MEDS shares were trading 0.3% higher following the launch announcement on Tuesday. The stock has declined 8% since the beginning of this year.
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