Ubiquitech Software Corp. (OTC:UBQU) Stock Trends Lower: Here is Why

If you are looking into companies that may have been in the news on Tuesday, then it could be a good move to take a look into the update provided by Ubiquitech Software Corp. (OTC:UBQU). The company announced yesterday that it had continued to work on its strategic initiative to conclude the acquisition of Innovative Outcomes, Inc. In the news release, it was noted that the acquisition target was a leading player in the medical wound care health segment and was in a position to generate substantial growth in 2024 and further.

As per estimates, chronic wounds have an impact on more than 2.5% of the United States population. However, the major problem in the segment was with regards to the fact that many of the patients suffered from immobility, and hence, clinical providers could not see them for a range of reasons. This creates a problem for medical service providers since they are unaware of the wound size and, consequently, the product size. It leads to inefficiencies for the healthcare establishment and negatively impacts patient outcomes.

In order to provide a solution to the above-mentioned problem, Innovative Outcomes started working with the Chief of Podiatry at the Texas Health Service Center located in San Antonio. By way of the partnership, it would implement computer vision technology that would help in the extraction of data from the wound. The data would include accurate measurements and other things and eventually come up with a clinical assessment that could be captured through a smart phone.

The efficiency that could be provided by the system could reduce the amount of time that a patient would need for a visit to a clinic. The acquisition could prove to be a pivotal one for Ubiquitech Software Corp. in the long run. It may be a good time to keep an eye on it.