Shares of Innovative MedTech Inc (OTCMKTS:IMTH) have been moving within a narrow range over the past sessions. Here are key takeaways.

Market Action

On Wednesday, IMTH stock ended flat at $2.28 with 1 shares, compared to its average volume of 471 shares. The stock moved within a range of $2.2800 – 2.2800 after opening trade at $2.28.

About The Company

Provider of health and wellness services, Innovative MedTech Inc (OTCMKTS:IMTH) has two divisions: health care app and RX Vitality digital wallet. Sarahcare, its adult day care center franchisor has two corporate-owned centers as well as twenty-six franchise locations across the United States. Offering seniors daytime care and activities, ranges from medical needs, exercise, nursing care as well as salon services.

Innovative MedTech Announces Live Version of its RX Vitality App Now Available for Public Download in the Apple iOS App Store

Innovative MedTech Inc on June 15, 2022, announced on June 15, 2022, that the RX Vitality digital healthcare wallet is available for download in the Apple App Store for iPhone users. The firm’s app has been approved and is also available on Google Play Store.

The firm is committed to helping the underbanked and facilitating the ones needing benefits of the RX Vitality digital wallet. Some of the key app features for qualified members signing up include discounts at more than five hundred online merchants, a loyalty program enabling earning of points, and some pharmaceutical discounts of about 20-75% at 65,000 pharmacies across the United States.

Michael Friedman, President of the Company said that the firm has RX Vitality digital healthcare wallet for both Android and Apple iOS users. Friedman added that finishing the first phase of growth plans including having a mobile app available on both app stores will shift the focus from development to growth. The President added that the company is working on securing partnerships and growing its membership base and is excited about the direction of the movement.

Innovative MedTech Appoints Senior Care Industry Leader Dr. Merle Griff as New CEO

Innovative MedTech Inc on June 1, 2022, had announced that the Board of Directors has appointed Dr. Merle Griff, currently the CEO of its SarahCare subsidiary, as the new CEO. Griff will be succeeding Friedman, who will continue to be President and member of the Board of Directors.

Dr. Griff has over three decades of leadership experience, including founding and managing SarahCare.

Michael Friedman, President, and former CEO of the Company said that Dr. Griff is a proven leader in senior care with a significant track record. Friedman added that Dr. Griff’s expertise will ensure robust execution of its strategy to build and expand on the SarahCare platform. He added that it would also enable the company to take advantage of the significant opportunities ahead.

Key Quote

“Dr. Griff is a proven leader in senior care with a distinguished track record. After careful consideration, the Board concluded that now is the right time to make this leadership change to draw on Dr. Griff’s expertise during this critical period of the Company’s expansion into healthcare technology related to underserved markets, including elder and senior care. The Board is confident that Dr. Griff will ensure strong execution of the Company’s strategy to build and expand on its SarahCare platform and take advantage of the significant opportunities ahead,” said Michael Friedman, President and former CEO of the Company.