Marpai

Marpai, Inc. offers a SMART health plan services system that transforms health plan into a health empowerment tool. It provides health plan services system addresses the problems of healthcare. The firm uses deep learning, artificial intelligence, to empower people to live better, stay strong and spend less on healthcare. Its SMART health plan services enables companies to provide better healthcare to employees and significantly reduce administration, reinsurance and care costs. The company was founded in January 2021 and is headquartered in Tampa, FL.

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Marpai shifts focus to high-margin clients, improves financial metrics

Marpai's Q1 2024 performance reflected a strategic focus on high-margin clients, leading to improved financial metrics despite a decrease in net revenues. With a strong balance sheet and recent capital actions, the company is well-positioned to pursue growth opportunities in the competitive TPA market.

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Marpai executes amendment with AXA delaying payment obligations and secures $1.7 million in revenue-based financing from Libertas Funding, LLC.   NEW YORK , Feb. 8, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced two key financing agreements.

MARPAI ANNOUNCES KEY FINANCIAL AGREEMENTS

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Marpai (NASDAQ: MRAI ) stock is heading higher on Thursday after the technology-driven healthcare company announced a securities purchase agreement. According to a filing with the Securities and Exchange Commission (SEC), Marpai is issuing and selling shares to company insiders.

Why Is Marpai (MRAI) Stock Up 27% Today?

Accomplished Industry Veteran with Proven Track Record of Successful High Growth Operations to support Marpai's vision of Affordable, Intelligent, Healthcare NEW YORK , Jan. 12, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration company transforming the $22 billion TPA market supporting self-funded employer health plans, today announced the appointment of John Powers as the Company's President. Powers is an accomplished healthcare benefits executive with over 30 years' experience.

MARPAI HIRES JOHN POWERS AS PRESIDENT

NEW YORK , Dec. 13, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administrator (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans, today announced the addition of two new members to its Board of Directors (the "Board") as part of the Company's ongoing transformation plan and commitment to strong corporate governance and shareholder value creation. Effective December 7, 2023, Jennifer Calabrese and Robert Pons joined Marpai's Board as new independent directors.

MARPAI, INC. ANNOUNCES APPOINTMENT OF TWO NEW INDEPENDENT DIRECTORS

NEW YORK , Dec. 6, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administrator (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans, today announced that the Company received a notification letter (the "Notification Letter") from the Listings Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with Nasdaq's minimum bid price requirement and that the matter is closed. About Marpai, Inc. Marpai is a leading national TPA company bringing value-oriented health plan services to employers that directly pay for employee health benefits, primarily competing in the $22 billion TPA sector serving self-funded employer health plans representing over $1 trillion in annual claims.

MARPAI, INC. REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE COMPLIANCE

Delisting or suspension action stayed pending the issuance of a final decision NEW YORK , Dec. 1, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administrator (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans, today announced that it has requested and been granted a hearing before the Nasdaq Listing Qualifications Panel ("Panel") to appeal the determination by the Listing Qualifications Department of The Nasdaq Stock Market (the "Staff") and request a further extension of time and present its plan to regain compliance with Nasdaq Listing 5550(b)(2). The hearing is scheduled for March 24, 2024.

MARPAI, INC. CONFIRMS IT HAS FILED AN APPEAL TO NASDAQ DELISTING LETTER

NEW YORK , Nov. 23, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administrator (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans will host an Investors Webcast on Wednesday, November 29 at 8:00 a.m. ET. Key topics will include the recent management and leadership changes, the withdrawal of the Company's S-1 Registration, current initiatives, and the Company's strategic vision.

MARPAI TO HOST INVESTOR WEBCAST ON NOVEMBER 29, 2023

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Continued year over year growth related to our acquisition of Maestro Health Further identification and implementation of synergies and opportunities continue as a result of the acquisition Veteran industry executive leadership announced along with the addition of a seasoned health care leader to strengthen the Board of Directors Focus on acceleration of operating efficiencies and customer growth NEW YORK , Nov. 13, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administrator (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans, today reported financial results for the third quarter ended September 30, 2023. The Company's consolidated results of operations include the results of operations of Marpai and its wholly owned subsidiaries, Marpai Health, Inc. and Marpai Administrators, LLC (formerly Continental Benefits, LLC) for all periods presented, and the results of Maestro Health, LLC  ("Maestro Health") since its acquisition on November 1, 2022.

MARPAI, INC. REPORTS THIRD QUARTER 2023 RESULTS

Marpai (NASDAQ: MRAI ) stock is heading higher on Friday after the healthcare company announced changes to its leadership team. First off, Marpai announced that current Board of Directors member Damien Lamendola is taking over as the CEO of the company.

Why Is Marpai (MRAI) Stock Up 100% Today?

Healthcare Industry Luminary is also the Company's Largest Shareholder NEW YORK , Nov. 6, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), a full-service Third-Party Administrator (TPA) specializing in cost management through intelligent processes and systems, is excited to announce the appointment of Damien Lamendola as its new Chief Executive Officer (CEO), replacing Edmundo Gonzalez, the Company's co-founder and now former CEO. Mr. Lamendola has been on Marpai's board of directors ("Board") since April 2021, and he will remain on the Board.

Marpai Names Damien Lamendola as Chief Executive Officer to Drive the Next Phase of its Growth

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Marpai, Inc. (NASDAQ:MRAI ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Simon Li - Vice President Edmundo Gonzalez - Chief Executive Officer Yoram Bibring - Chief Financial Officer Conference Call Participants Allen Klee - Maxim Group Operator Good day. And thank you for standing by.

Marpai, Inc. (MRAI) Q2 2023 Earnings Call Transcript

NEW YORK , Aug. 3, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), a technology company transforming the $22 billion Third-Party Administrator (TPA) market supporting self-funded employer health plans, today reported financial results for the second quarter ended June 30, 2023. The Company's consolidated results of operations include the results of operations of Marpai and its wholly owned subsidiaries, Marpai Health, Inc. and Marpai Administrators, LLC (formerly Continental Benefits, LLC) for all periods presented, and the results of Maestro Health, LLC  ("Maestro Health") since its acquisition on November 1, 2022.

MARPAI, INC. REPORTS SECOND QUARTER 2023 RESULTS

NEW YORK , July 27, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), a deep learning technology company transforming third-party administration (TPA) in the self-funded health insurance market, will host a conference call and webcast on Thursday, August 3 at 8:30 a.m. ET to answer questions about the Company's operational and financial highlights for its second quarter 2023.

MARPAI TO HOST CALL ON AUGUST 3, 2023 TO DISCUSS SECOND QUARTER 2023 FINANCIAL RESULTS

PLAN ENABLES EASY TRANSITION TO SELF-FUNDING FOR SMALLER EMPLOYERS  NEW YORK , July 18, 2023 /PRNewswire/ -- Marpai, Inc . ("Marpai" or the "Company") (Nasdaq: MRAI), a smart technology Third-Party Administrator (TPA) specializing in transforming self-funded employer health plans, announced the launch of its new plan designed exclusively for small employers.

MARPAI LAUNCHES NEW HEALTH PLAN FOR SMALL EMPLOYERS

Marpai adds industry-leading virtual specialty care provider to its value-based care network to improve member health and lower employer costs. NEW YORK , July 5, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an AI-powered Third-Party Administrator (TPA) transforming self-funded employer health plans, announces a relationship with NuvoAir U.S., Inc. ("NuvoAir") to offer virtual care for heart and lung conditions, focusing on asthma, chronic obstructive pulmonary disease ("COPD") and chronic heart failure ("CHF"), to its employer health plan members and their families.

MARPAI COLLABORATES WITH NUVOAIR TO OFFER VALUE-BASED CARDIOPULMONARY CARE TO SELF-FUNDED EMPLOYER HEALTH PLANS

Company cites expected improvements in EBITDA NEW YORK , June 29, 2023 /PRNewswire/ -- Marpai, Inc . ("Marpai" or the "Company") (Nasdaq: MRAI), an AI-powered Third-Party Administrator (TPA) transforming self-funded employer health plans, confirmed its revenue guidance for Q2 2023 as between $9.5 million to $9.8 million.

Marpai Confirms Revenue Guidance for Q2 2023 of $9.5 Million to $9.8 Million

NEW YORK , June 28, 2023 /PRNewswire/ -- Marpai, Inc . ("Marpai" or the "Company") (Nasdaq: MRAI), an artificial intelligence (AI) enabled Third-Party Administrator (TPA) transforming self-funded employer health plans, announces a reverse stock split of its Class A common stock ("Reverse Split") of one post-split share for every four pre-split shares.

Marpai Announces Reverse Stock Split

Marpai adds industry-leading virtual multidisciplinary gastrointestinal care clinic to its value-based care network to improve member health and lower employer costs. NEW YORK , June 8, 2023 /PRNewswire/ -- Marpai, Inc.

Marpai Announces Agreement with Oshi Health to Offer High-Quality Virtual Digestive Health Care to Self-Funded Employer Health Plans

Marpai Connect proactively matches members to best-in-class value-based providers to improve member health and lower costs for employers NEW YORK , May 30, 2023 /PRNewswire/ -- Marpai, Inc . ("Marpai" or the "Company") (Nasdaq: MRAI), an artificial intelligence (AI)-powered healthcare payer transforming self-funded employer health plans, is proud to announce the launch of its innovative platform, Marpai Connect.

Marpai Launches Marpai Connect Platform to Predict and Help Modify Risk in Healthcare

Marpai, Inc. (NASDAQ:MRAI ) Q1 2023 Earnings Conference Call May 11, 2023 8:30 AM ET Company Participants Simon Li – Vice President Edmundo Gonzalez – Chief Executive Officer Yoram Bibring – Chief Financial Officer Conference Call Participants Allen Klee – Maxim Group Operator Good day, everyone. Thank you for standing by.

Marpai, Inc. (MRAI) Q1 2023 Earnings Call Transcript

NEW YORK , May 10, 2023 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), a technology company transforming the $22 billion Third-Party Administrator (TPA) market supporting self-funded employer health plans, today reported financial results for the first quarter ended March 31, 2023. The Company's consolidated results of operations include the results of operations of Marpai and its wholly owned subsidiaries, Marpai Health, Inc. and Marpai Administrators, LLC (formerly Continental Benefits, LLC) for all periods presented, and the results of Maestro Health, LLC  ("Maestro Health") since its acquisition on November 1, 2022.

MARPAI, INC. REPORTS FIRST QUARTER 2023 RESULTS

NEW YORK--(BUSINESS WIRE)--Marpai, Inc. ("Marpai" or the “Company”) (Nasdaq: MRAI), a deep learning technology company transforming third-party administration (TPA) in the self-funded health insurance market, will host a conference call and webcast on Thursday, May 11 at 8:30 a.m. ET to answer questions about the Company's operational and financial highlights for its first quarter 2023. The Company will report its first quarter results after the close of trading on Wednesday, May 10, 2023. Even.

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