Form 8-K - Current report

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 29, 2024

 

VSEE HEALTH, INC.

(Exact name of registrant as specified in its charter)

 

Delaware		001-41015		86-2970927
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

980 N Federal Hwy #304 Boca Raton, Florida		33432
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code: [phone]

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $0.0001 par value per share		VSEE		The Nasdaq Stock Market LLC
Warrants, which entitles the holder to purchase one (1) share of common stock at a price of $11.50 per whole share		VSEEW		The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On October 29, 2024, VSee Health, Inc. (the “Company”) issued a press release announcing that the Company and BabyLiveAdvice have partnered to alleviate the maternal care crisis through an innovative maternal care model that allows hospitals, payers, and FQHCs to fill their most needed staffing and service gaps through the BabyLiveAdvice maternal care platform powered by the Company. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

 

The information included in this Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall this item and Exhibit 99.1 be incorporated by reference into the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such future filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit	Description
99.1	Press Release, dated October 29, 2024
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: October 30, 2024	VSEE HEALTH, INC.
	By:	/s/ Imoigele Aisiku
	Name:	Imoigele Aisiku
	Title:	Co-Chief Executive Officer

 

 

 

Exhibit 99.1

 

VSee Health and BabyLiveAdvice Partner to Reduce Maternal Care Disparities Through Innovative Maternal Care Model Supported by Virtual Nursing

 

VSee Health and BabyLiveAdvice partner to provide end-to-end virtual maternal care services that support hospitals and FQHCs in maternity deserts and increase women's access to obstetric care

 

BOCA RATON, Fla. -- October 29, 2024 -- VSee Health, Inc. (Nasdaq: VSEE), a provider of comprehensive telehealth services that customize workflow streams, and BabyLiveAdvice, Inc., a virtual maternal care platform and a winner of the Johnson & Johnson Nurses Innovate QuickFire Challenge in Maternal and Newborn Health, have partnered to alleviate the maternal care crisis through an innovative maternal care model that allows hospitals, payers, and FQHCs to fill their most needed staffing and service gaps through the BabyLiveAdvice maternal care platform powered by VSee Health.

 

VSee Health CEO, Dr. Milton Chen stated, "We believe that technology plays a crucial role in health equity. We're proud to be the digital health platform behind BabyLiveAdvice and its mission to create a sustainable maternal care model that is meeting the needs of mothers in maternal deserts across the U.S."

 

BabyLiveAdvice CEO Sigi Marmorstein, PHN, FNP-BC says, "Our work is helping to save lives and to keep maternity wards open. We would not be able to do this without VSee Health and the versatile functionalities its platform provides. It allows us to support community health clinics and hospitals nationwide - Baywell Health, LifeBridge Health, Washington Hospital, Huntington Hospital, Jamaica and Flushing hospital and over 9000 mothers - with the specialized workflows they each need to make the care experience easy and their operations seamless."

 

The Maternal Care Crisis in the United States

 

The United States has one of the highest rates of maternal mortality among developed nations where the rate for Black women is three times as high as white women at 55 per 100,000 live births. The majority of these deaths (over 65%) happen postpartum when women are most vulnerable and have the least access to postpartum care and mental health support. An estimated 80% of these deaths are preventable.

 

Additionally, a large number of hospital maternity wards have been closing down since before the COVID pandemic due to lower birth rates, staffing shortages, and rising costs. About 35% of U.S. counties are now considered maternity deserts, where 2.3 million women of childbearing age have limited or no access to maternal health services. Research has shown that these maternity unit closings disproportionately impact Black women. The crisis has been recognized by the "White House Blueprint for Addressing the Maternal Health Crisis" and in August the administration released $558 million to expand maternal healthcare access, improve outcomes, and reduce disparities.

 

The Impact of Virtual Maternal Care

 

The BabyLiveAdvice platform empowers stressed hospitals and clinics in maternity deserts to relieve staffing shortages and to provide high quality maternal care with comprehensive non-clinical care services that can be delivered anytime, anywhere. Powered by VSee Health's customizable digital health platform, BabyLiveAdvice enables clients to build tailored programs that take on the full burden of all non-clinical care (e.g. education, monitoring, nutrition, lactation, mental health, social-emotional factors, etc.) through their patients' entire episode of care from pregnancy to birth to postpartum; in the hospital and in the home. This allows hospitals and clinics to focus on the clinical aspects of obstetric care while ensuring patients are getting the social-emotional support and monitoring they need, especially when patients are at home and are without access to care.

 

 

 

 

About VSee Health

 

VSee Health is a software-as-a-service (SaaS) platform that enables clinicians and enterprises to create their telehealth workflows without programming. VSee Health's system allows a telehealth mobile app to be created or a telehealth system to be integrated into existing hospital operations in days.

 

With a focus on patient disease state telemedicine and turnkey billing services, VSee Health has integrated an intensive care, critical care and neuro solution, powered by iDoc Telehealth Solutions, as its initial module for the VSee Health software platform. This technology encompasses a set of integrated telehealth technologies and a team of neurointensivists, neurologists, and tele-radiologists that treat and coordinate care for acutely ill patients 24/7/365 in the neurointensive care unit (Neuro-ICU), cardiac surgery intensive care unit (CS-ICU) and the intensive care unit (ICU) for stroke, brain trauma and a wide range of neurological conditions. For more information, please visit vseehealth.com .

 

About BabyLiveAdvice

 

BabyLiveAdvice is an award-winning telehealth service that is designed to support, educate and empower mothers and parents so they feel confident and knowledgeable about pregnancy, delivery, breastfeeding, infant care and more. It features both video and chat components so moms can easily get help online from a healthcare provider, midwife, nurse, mental health practitioner and even a peer if something concerning is going on. Visit babyliveadvice.com

 

Contact:

Anne Chang

[e-mail]

626-513-1824

 

 

Cover	Oct. 29, 2024
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 29, 2024
Entity File Number	001-41015
Entity Registrant Name	VSEE HEALTH, INC.
Entity Central Index Key	0001864531
Entity Tax Identification Number	86-2970927
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	980 N Federal Hwy #304
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33432
City Area Code	561
Local Phone Number	672-7068
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Common Stock [Member]
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	VSEE
Security Exchange Name	NASDAQ
Warrant [Member]
Title of 12(b) Security	Warrants, which entitles the holder to purchase one (1) share of common stock at a price of $11.50 per whole share
Trading Symbol	VSEEW
Security Exchange Name	NASDAQ

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