The contract is Syra Health's third active
contract in the state of Virginia
CARMEL,
Ind., Feb. 12, 2024 /PRNewswire/ -- Syra Health
Corp. (NASDAQ: SYRA) ("Syra Health" or the "Company"), a healthcare
technology company with a mission to improve healthcare by
providing innovative services and technology solutions, announced
today a healthcare workforce contract with the County of
Fairfax, Virginia where the
Company will staff licensed nurses to provide 24-hour nursing care.
The Company will also staff other temporary healthcare
positions.
This is Syra Health's third active government contract in the
state of Virginia. All three
contracts provide healthcare staffing, fulfilled by Syra Health's
Healthcare Workforce business unit.
Under this contract, Syra Health will deploy its expertise in
healthcare staffing to assist the County of Fairfax in meeting its clinical workforce
requirements. This collaboration aligns with Syra Health's
commitment to advancing healthcare beginning with the personnel
that makes healthcare possible.
Sandeep Allam, Executive Chairman
and President of Syra Health said, "Our dedication to enhancing
healthcare extends beyond traditional models. By providing top-tier
clinical staffing, we aim to contribute to the County of
Fairfax's commitment to delivering
quality healthcare services to its community."
In September of 2023, Syra Health announced a contract awarded
by the Commonwealth of Virginia Department of Corrections to staff
temporary medical services. Before September, Syra Health secured a
state-wide contract providing healthcare staffing to the state
Department of General Services.
Syra Health currently has active contracts in 15 states across
the nation, including agreements with local, state, and federal
government agencies, payers, and academic institutions.
The contract announced today runs through June 30, 2028, with the opportunity for an
additional two years in renewals. Revenue from the contract will be
determined based on the number of positions that require staffing
and the hourly rate for each position.
ABOUT SYRA HEALTH
Syra Health is a healthcare technology company addressing some
of healthcare's most significant challenges in areas such as
behavioral and mental health, digital health, and population
health, by providing innovative services and technology solutions.
Syra Health's products and services are centered on prevention,
improved access, and affordable care. Syra Health supplies its
solutions to payers, providers, life sciences organizations,
academic institutions, and the government. For more information,
please visit www.syrahealth.com.
Forward-Looking Statements
Statements in this press release about future expectations,
plans, and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
"forward-looking statements." These statements include but are not
limited to, statements relating to the expected use of proceeds,
the Company's operations and business strategy, and the Company's
expected financial results. The words "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may," "plan,"
"potential," "predict," "project," "should," "target," "will,"
"would" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. The forward-looking
statements contained in this press release are based on
management's current expectations and are subject to substantial
risks, uncertainty, and changes in circumstances. Investors should
read the risk factors outlined in our registration statement on
Form S-1 and other periodic reports filed with the Securities and
Exchange Commission. Any forward-looking statements contained in
this press release speak only as of the date hereof, and, except as
required by federal securities laws, the Company specifically
disclaims any obligation to update any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
For more information, please contact:
For Media Inquiries:
Christine
Drury
Communications & Marketing Director
Syra Health
463-345-5180
christined@syrahealth.com
For Investor Inquiries:
Ben
Shamsian
Vice President
Lytham Partners, LLC
646-829-9701
shamsian@lythampartners.com
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SOURCE Syra Health