CARMEL,
Ind., Jan. 7, 2025 /PRNewswire/ -- Syra
Health Corp. (NASDAQ: SYRA) ("Syra Health" or the "Company"), a
healthcare technology company powering better health by providing
meaningful solutions, announced today that the Washington D.C. government has awarded it a
healthcare workforce contract, valued at up to $1 million, on behalf of the Office of the State
Superintendent of Education. The Company also announced that the
Indiana Family and Social Services Administration's NeuroDiagnostic
Institute has increased its existing contract by $1.2 million, bringing the total value to
$18.7 million.
Syra Health will deploy registered nurses, licensed practical
nurses, and certified nursing assistants to deliver healthcare
services to students as part of Washington D.C.'s ongoing commitment to
ensuring the safety and well-being of students. Under the
agreement, Syra Health will supply services in compliance with D.C.
regulations and adhere to strict guidelines to affirm timely and
efficient care delivery. This includes developing individualized
service plans for students. The one-year agreement includes
multiple options for extensions.
In addition to this new contract, Syra Health continues to
expand its support for the Indiana Family and Social Services
Administration's NeuroDiagnostic Institute. Syra Health provides
healthcare professionals to the Institute to evaluate and treat
patients with complex neuropsychiatric illnesses.
"These contracts highlight our deep commitment to driving better
health outcomes," said Dr. Deepika
Vuppalanchi, CEO of Syra Health. "By providing tailored
services that alleviate staffing shortages and ensure continuity of
care, we are not only addressing immediate healthcare needs but
also supporting long-term solutions. This marks our fourth contract
with the Washington, D.C.
government, and we are excited to continue our partnership with
them. At the same time, we are eager to further strengthen our
collaboration with the NeuroDiagnostic Institute, a valued partner
since 2021."
About Syra Health
Syra Health is a healthcare technology company powering better
health in critical areas such as behavioral and mental health,
population health, and the healthcare workforce. The company's
leading-edge technology and innovative services focus on
prevention, access, and affordability. With a commitment to
improving health, Syra Health is advancing healthcare solutions
nationwide and around the world.
Forward-Looking Statements
Statements in this press release about future expectations,
plans, and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
"forward-looking statements." These statements include but are not
limited to, statements relating to the expected use of proceeds,
the Company's operations and business strategy, and the Company's
expected financial results. The words "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may," "plan,"
"potential," "predict," "project," "should," "target," "will,"
"would" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. The forward-looking
statements contained in this press release are based on
management's current expectations and are subject to substantial
risks, uncertainty, and changes in circumstances. Investors should
read the risk factors set forth in our Form 10-K for the year ended
December 31, 2023, and other periodic
reports filed with the Securities and Exchange Commission. Any
forward-looking statements contained in this press release speak
only as of the date hereof, and, except as required by federal
securities laws, the Company specifically disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events, or otherwise.
For Investor or Media Inquiries:
Christine Drury
IR/PR
Syra Health
463-345-5180
christined@syrahealth.com
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SOURCE Syra Health
