London-based MiiCare announces new headquarters in Phoenix, Arizona; rebrands to MiiHealth in the US

https://www.investinphoenix.com/news/32

<div class="ExternalClass9D6F4DF73F2B4DD0B1751FFC2B2FBDE9">PHOENIX (Aug. 28, 2024) — MiiHealth, a leading healthtech company dedicated to empowering seniors through their advanced conversational AI health coach, proudly announces the relocation of its headquarters to Phoenix, Arizona. This strategic move positions MiiHealth at the forefront of healthcare innovation in alignment with the City of Phoenix continues to be a premier hub for healthcare technology and development. The relocation underscores MiiHealth's commitment to advancing innovative healthcare solutions in partnership with Arizona's top institutions.MiiHealth's new headquarters places the company at the heart of Arizona's burgeoning health technology ecosystem. This relocation marks a significant milestone in MiiHealth's growth, reinforcing our mission to revolutionize senior care through technology. Our solutions have already demonstrated a significant impact in existing healthcare environments, including a notable reduction in hospital bed days and an improvement in care efficiency. Moving forward, we are committed to implementing a value-based care model designed to achieve a substantial improvement in healthcare expenditure per capita."We are thrilled to establish our headquarters in Phoenix, a space that embodies innovation, collaboration and growth," said Kelvin Summoogum, Group CEO and President of MiiHealth. "Our alignment with the City of Phoenix, Arizona State University (ASU), and the Greater Phoenix Economic Council (GPEC) is a testament to our shared commitment to advancing healthcare technology and improving the lives of seniors. This move enables us to tap into Phoenix's rich resources and networks, positioning us for continued growth and success."MiiHealth's new headquarters not only strengthens its ties with key regional partners but also supports the company's participation in the prestigious Mayo Clinic and ASU MedTech Accelerator program. This accelerator opened access to world-class expertise, resources, and mentorship, enabling the company to refine its technology further and bring innovative solutions to market more rapidly.Steven J. Lester, MD, Professor of Medicine at Mayo Clinic College of Medicine and Science stated, “MiiHealth, formerly MiiCare, offers unique and important innovations in the way people interact with conversational AI and digital tools in both medical and home settings, making health and healthcare more accessible and responsive. Because MiiHealth is a Mayo Clinic and ASU MedTech Accelerator portfolio company, there has been a unique opportunity for institutional learning and cross-collaboration. We are supportive of the organization's strategic expansion into the United States, with its headquarters planned for the Phoenix metro area."The relocation comes at a pivotal moment for MiiHealth, as the company nears the close of its capital round. This capital infusion will be instrumental in scaling operations, expanding product offerings, and accelerating the company's go-to-market strategy. By solidifying its presence in Greater Phoenix, MiiHealth is better positioned to attract top talent, forge strategic partnerships, and drive innovation that will benefit seniors across the country.MiiHealth's relocation to Phoenix marks the beginning of an exciting new chapter for the company, one that promises to deliver groundbreaking solutions to meet the needs of an aging population. We look forward to continued collaboration with our partners in Arizona and beyond as we work together to improve the quality of life for seniors through technology.“As the center of thriving healthcare technology, research, and revolution in the field, it's no surprise that MiiHealth has chosen Phoenix as its home. Their 'person-center' approach to AI technology is leading the industry and creating a path for further discoveries in emerging technologies," said Phoenix Mayor Kate Gallego. "Working together to adapt to how we treat diseases and care for our community is the key to building a future where we can all live happy, healthy, long lives." “MiiHealth's headquarter relocation into the market is a signal of Greater Phoenix's emergence as a destination for international companies looking for opportunities in the healthcare sector," said Greater Phoenix Economic Council President & CEO Chris Camacho. “This partnership between MiiHealth, Mayo Clinic, ASU and Wexford will open the doors to future collaboration and continued development out of the PBC." About MiiHealth MiiHealth is a leading health technology company dedicated to empowering seniors to live independently through advanced AI-driven health monitoring and support systems. Our mission is to improve the quality of life for seniors by providing innovative solutions that promote independence, safety, and peace of mind for families.For more information, please visit www.miihealth.ai or contact info@miihealth.ai. About the Mayo Clinic-ASU MedTech AcceleratorThe MedTech Accelerator is a flagship program of the Mayo Clinic and Arizona State University Alliance for Health Care, providing early-stage medical device and healthcare technology companies with an entrepreneurial curriculum and personalized business development plans to accelerate go-to-market and investment possibilities. About the Greater Phoenix Economic Council The Greater Phoenix Economic Council (GPEC), globally recognized as a top economic development organization (EDO), works to attract and grow quality businesses and advocate for the competitiveness of Greater Phoenix. A data-driven regional EDO, GPEC works with 22 member communities, Maricopa and Pinal counties, and more than 220 private investors to accomplish its mission and serve as a strategic partner to companies across the world as they expand or relocate to Greater Phoenix. Over the past 35 years, GPEC has fueled the regional economy by helping over 1,000 companies, creating nearly 190,000 jobs and $69.4 billion in capital investment. Greater Phoenix is in a relentless pursuit of innovative and entrepreneurial-focused companies looking to thrive and scale in a vibrant, dynamic region. There is an undeniable spirit about Greater Phoenix; one rooted in strength, collaboration and resilience. Greater Phoenix is Greater Together. For more information about GPEC and how we can assist your businesses, visit <a href="https://www.gpec.org/">www.gpec.org</a>. </div>

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8/28/2024 9:26:41 PM