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Smart employee benefits (seb.v)
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Acquisitions actuelles.
Smart Employee Benefits Inc. (“SEB”) (TSX VENTURE:SEB) is a technology company providing, via a SaaS business model, “business processes software solutions and services” to corporate and government clients with specialty practices focused on “managing group benefit solutions and health claims processing environments.” SEB is pleased to announce it has entered into a letter of agreement (“LOA”) to form “SEB Benefits & HR Consulting Inc.” (“SEBCON”). Pursuant to the LOA, SEBCON will acquire the consulting practices of Joseph Ricciuti, Paul Serafini, Julie Holden and Sandra Routledge (“Operating Shareholders”). SEB will own 50% of SEBCON with the Operating Shareholders owning the other 50%. SEBCON will operate as a consulting company providing innovative services and solutions for corporate and government clients in the areas of Group and Health Benefits, Retirement Plans and Human Resources.
MANAGEMENT COMMENTS: States John McKimm, President/CEO of SEB, “This financing is targeted to fund acquisitions. The debt financing and a portion of the equity financing is being provided from an investor who has identified SEB as a long term strategic partner for multiple business initiatives in Canada, the US, the United Arab Emirates and India. SEB’s technology solutions and expertise provide the core underlying infrastructure for these business initiatives, including a TPA infrastructure in the middle east and the delivery of pharmaceuticals through unique delivery channels including a vending machine pharmacist footprint. These vending machines would be located in medical centres, universities, colleges, grocery stores, high traffic office buildings, etc., and would deliver standard packages of the top 40 most prescribed drugs. The SEB software solutions provide the underlying integrated administration and adjudication platform connected through a portal environment (a unique expertise of SEB) directly to medical professionals. Similar pharma technology delivery infrastructure has gained significant traction in the US marketplace, allowing patients to pick up their prescriptions (particularly maintenance drugs) at convenient locations and after hours. Discussions are in process to implement these solutions with the largest grocery chain and pharmacy chain in the UAE. SEB is also in discussions with universities and colleges in the Canadian market to implement this unique solution. This strategic investor has extensive global relationships and views the SEB software solutions and technology expertise as a significant competitive advantage in expediting these business initiatives. SEB has been working with this investor for some time and the business opportunities introduced allows SEB to offer very unique solutions to the marketplace.”