Mobile-health Network Solutions partners with Jospong Group in Ghana

SINGAPORE/ACCRA - Mobile-health Network Solutions (NASDAQ:MNDR), a healthcare technology company with a strong balance sheet showing more cash than debt and a current ratio of 2.04, and Ghana’s Jospong Group of Companies have signed a Memorandum of Understanding to form a joint venture for launching MNDR’s AI-powered digital health platform in Ghana, according to a press release issued Friday.

The partnership aims to combine MNDR’s telehealth and AI-driven healthcare technology with Jospong’s local market knowledge and capital resources to establish a presence in Ghana’s digital healthcare sector.

Ghana, with a population exceeding 33 million, faces challenges in healthcare accessibility, particularly in rural areas. The joint venture plans to address this gap by enabling remote consultations between patients and medical professionals.

"We are thrilled to bring MNDR’s cutting-edge AI-powered digital healthcare technology to Ghana," said Jospong Founder and Executive Chairman Dr. Joseph Siaw Agyepong.

MNDR Co-CEO Dr. Siaw Tung Yeng described entering the Ghanaian market as "a significant milestone" and "a critical step towards our broader mission to improve healthcare affordability, accessibility, and availability across the entire African continent."

The MOU represents the initial step toward a definitive joint venture agreement, with both parties committed to completing due diligence. The companies indicated this collaboration could serve as a blueprint for future expansion across Africa.

Jospong Group operates over 70 subsidiaries across sectors including waste management, banking, healthcare, and insurance. Singapore-based MNDR provides telemedicine services and AI-driven health tools across Southeast Asia, with plans to expand into the US market.

In other recent news, Mobile-health Network Solutions has launched an At-the-Market (ATM) equity offering to raise up to $300 million. The proceeds from this offering are intended to support the development of advanced large language models for medical case assessment, expand AI-driven teleconsultation services across Asia, and build pharmacy delivery infrastructure. Additionally, the company has announced a share repurchase program, authorizing the buyback of up to 214,000 Class A Ordinary Shares over the next year. This move reflects the Board’s belief in the company’s long-term growth potential.

Furthermore, Mobile-health Network Solutions has updated its Insider Trading Policy, introducing a blackout period for directors, officers, and designated insiders. The new policy prohibits trading in the company’s securities for two weeks before the announcement of material information. In corporate governance news, the company has opted for exemptions under Nasdaq Listing Rule 5615(a)(3)(A), allowing it to bypass certain shareholder approval requirements. Lastly, the company has announced plans for an extraordinary general meeting, although specific details about the date and agenda items have not been disclosed.

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