Bloom Well being Companions (CSE:BLMH) Investor Overview

Superior well being for workers is shortly turning into an important a part of operating a company. The pandemic created a deal with well being and security within the office. As we transfer to a post-pandemic world, many organizations are confronted with a necessity to have a look at long run worker well being as part of their operations. A good labor market with a scarcity of staff has put employers able the place they should deal with retaining workers whereas discovering progressive methods to draw new expertise. That is taking place on the identical time that particular person well being wants are catching up after 2 years of pandemic administration.

As we speak, firms are more and more searching for discover methods to mitigate what is anticipated to be a decade of demanding worker wants, rising healthcare prices and a necessity for correct threat administration. This all comes at excessive value to organizations in misplaced productiveness and ever- growing well being and legal responsibility insurance coverage charges. Trade specialists and prime traders are taking discover of worldwide alternative for employer supplied well being companies. Larry Fink, CEO of Blackrock just lately mentioned on CNBC that employee well being is “the brand new world of labor…firms not adapting accomplish that at their very own peril”.*

Given the brand new period of ‘security tradition,’ in workplaces, it’s no shock that the worldwide office security market measurement is anticipated to achieve US$19.9 billion by 2025. The market is estimated to develop from an estimated worth of US$12.1 billion in 2020 at a compound annual progress charge of 10.4 p.c from 2020 to 2025. With an occupational well being market within the office in 2021 of over US$6.5B within the US, it’s anticipated this market with rise considerably. Innovation in office well being is required to fulfill rising demand.

Bloom Well being Companions (CSE:BLMH,OTCQB:BLMHF,FRA:D84) affords a worldwide platform that gives healthcare safety, diagnostic testing and occupational health-tech options. The corporate’s mission is to make sure that “Unstoppable is Doable” for companies and their workers by way of progressive and customised healthcare fashions. Bloom Well being Companions serves a number of key markets, with companies that embody onsite healthcare, advisory companies, Okay-12 faculty testing, tv and movie manufacturing units, workplaces and stay occasions.

Bloom Well being Companions’ end-to-end healthcare supply fashions are related to its software program platform with varied options, together with occupational well being companies, a knowledge platform that manages end-to-end well being intelligence, main care companies, worker screening and preventative care, laboratory companies, Covid-19 and flu testing and vaccinations, worker healthcare upkeep and administration, psychological well being companies and wellness packages.

Bloom Well being Companions’ platform empowers companies and organizations to create methods to handle well being and security whereas partaking workers. The corporate’s system is a secure, versatile, scalable and built-in health-tech platform that securely manages knowledge whereas delivering complete office well being and security outcomes. Bloom Well being Companions’ platform is Android, Apple and smartwatch suitable.

The corporate’s platform offers companies and organizations with a aggressive benefit by way of the discount in misplaced time and productiveness, employee’s compensation claims, incapacity prices, insurance coverage premiums, retention and recruitment challenges in comparison with the standard office care mannequin. The normal office care mannequin depends totally on emergency first support, off-site ER and outdoors clinics. Bloom Well being Companions’ platform offers higher and extra handy healthcare from pre-employment drug testing, well being screening and job responsibility and performance assessments to superior on-site scientific care and telehealth and monitoring companies.

Bloom Well being Companions is trusted by a number of Fortune 500 firms, main movie manufacturing firms, massive leisure venues, colleges, manufacturing amenities and extra to deal with Covid-19 testing and security compliance. The corporate’s main purchasers embody PepsiCo, Netflix, Six Flags, Amazon Studios, Apple TV+, Stay Nation, Sony and Viacom CBS. So far, Bloom Well being Companions purchasers have remained operational and averted Covid-19-related shutdowns and delays. This has positioned Bloom in a powerful place to work with massive organizations as they evolve into longer-term well being wants for workers.

The corporate is led by a world-class group with a science-first strategy. Bloom Well being Companions’ board consists of overseas pharmaceutical executives and the chief medical officer of GE Company. Bloom Well being Companions additionally owns and operates its best-in-class labs in main cities in america, together with Los Angeles, Dallas, Atlanta and Montgomery, Alabama. The corporate’s labs function a help community for it’s rising employer well being enterprise.

The corporate has a longtime and numerous income stream with the potential for additional progress. Bloom Well being Companions’ income mannequin stems from well being (?) and annual recurring companies in addition to from its analysis and advisory companies. The corporate’s well being and annual recurring income encompass software program platform income, occupational well being and testing income. Bloom Well being Companions’ analysis and advisory income encompass consulting and analysis income.

The corporate plans to reap the benefits of the rising alternative within the new health-tech area as Bloom Well being Companions plans to open new amenities and increase its workplaces in america and Canada in 2022. Well being is turning into an important a part of operating a enterprise and Bloom is pioneering the mannequin.

Firm Highlights

• Bloom Well being Companions offers safe, secure, scalable, versatile, custom-made and end-to-end healthcare fashions to assist companies and organizations decrease health-related prices while sustaining a aggressive benefit of security.
• Serves a number of key markets, together with onsite healthcare, advisory companies, Okay-12 colleges, tv and movie manufacturing units, workplaces and stay occasions.
• Options embody occupational well being companies, a knowledge platform that manages end-to-end well being intelligence, main care companies, worker screening and preventative care, laboratory companies, Covid-19 and flu testing and vaccinations, worker healthcare upkeep and administration, psychological well being companies and wellness packages.
• A formidable consumer base together with a number of Fortune 500 firms, main movie manufacturing firms, massive leisure venues, colleges and manufacturing amenities.
• A robust income mannequin with numerous streams of earnings in addition to its environment friendly and high-volume processing labs situated in main cities throughout the US.
• Backed by an skilled administration group and a world-class scientific group.

Markets

Software program

Core to Bloom’s enterprise is it’s software program platform name Bloom Protect. Bloom’s platform manages knowledge and outcomes for organizations to successfully use Blooms companies. As a safe cloud platform, Bloom Protect is designed to deal with private well being data and supply Bloom purchasers a planning instrument to assist make selections to maintain their organizations operating. As purchasers use Bloom companies, corresponding to a big employer or movie manufacturing, enterprise leaders can see an outline of well being with none compromise to particular person privateness. This huge knowledge platform offers organizations a lot wanted instruments to remain operational primarily based on all well being circumstances of staff.

Security and Testing

Bloom Well being Companions’ security and testing companies encompass lab-based companies for components of business and colleges that may require ongoing pandemic screening. This confirmed mannequin is evolving into testing of all types corresponding to cancers, diabetes and drug testing. Bloom’s community of labs are in a position to help each pandemic and submit pandemic testing wants effectively.

All testing from labs are simply accessible by way of the corporate’s safe on-line reporting portal. Sufferers can register their samples and examine outcomes whereas directors can log in to watch compliance, monitor samples and handle contact tracing. The corporate offers custom-made consumer portals in addition to third-party software program integration capabilities. All of which function a baseline for a number of well being companies.

Bloom Well being Companions’ on-site healthcare companies encompass a wide range of custom-made scientific care options delivered by way of its Bloom Care platform. These companies embody:

• Main care
• Preventative care
• Emergent care
• Physicals
• Wellness checks
• Scientific assessments
• Staffing choices embody MRO, PA and doctor
• Diagnostic and imaging companies
• Lab companies
• Well being upkeep
• Covid-19, flu and strep checks
• Drug testing
• Vaccines and vaccine monitoring
• Psychological well being companies
• Diabetes, bronchial asthma and different illness upkeep
• First support and harm care
• Treatment storage
• Telehealth, distant affected person monitoring and stay translation
• Non-compulsory household companies

The Firm’s onsite healthcare helps companies handle a number of of the most important health-related expenditures for companies by way of prevention, administration and remedy. These health-related expenditures embody cardiovascular well being, obesity-related problems, pulmonary sicknesses, behavioral well being circumstances, musculoskeletal accidents and/or ache and psychological well being. Bloom Well being Companions seeks to assist companies scale back sick days and supply high quality assurance whereas enhancing affected person care.

The Firm carried out in-depth consultations for companies with scientists and docs to determine a custom-made program design primarily based on wants, timeline, funds and site. Bloom Well being Companions additionally offers companies with operations and logistics help, customer support and communication 7 days per week from a devoted advisor.

Bloom Well being Companions’ advisory companies consist of intensive planning and consulting supplied by its group of docs, scientists and business specialists. The corporate’s advisory group strictly adheres to tips from the CDC, FDA, HHS, OSHA, WHO, IPAC, and equal native organizations. The corporate’s advisory group delivers technique and implementation suggestions to determine proactive healthcare security plans primarily based on wants, timeline, funds and site.

Bloom Well being Companions’ advisory group validates scientific analysis and tracks knowledge from around the globe to make sure correct and up-to-date recommendation. The group is dedicated to at all times making certain purchasers are knowledgeable with updates after they want it –– permitting purchasers to set most well-liked frequency updates. The corporate’s advisory group goes above and past to safe mandatory provides and assets, seamlessly execute security plans and adapt to modifications in real-time.

Bloom Well being Companions’ Okay-12 faculty companies encompass a Covid-19 screening program structured to particularly serve the wants of scholars and colleges. The Okay-12 faculty service offers on-site, custom-made, non-invasive and correct PCR testing weekly. The samples are transported by Bloom Well being Companions’ group to a close-by Bloom Well being Companions lab and produce leads to 24 hours. The corporate’s strategy offers enhanced reliability, transparency, communication, HIPAA-compliant reporting and accountability for colleges.

The Okay-12 faculty testing is carried out by Bloom Well being Companions skilled employees with coaching in the best, correct, snug take a look at pattern assortment strategies. The service is managed end-to-end by Bloom Well being Companions’ group to attenuate disruptions and scale back the workload of the varsity employees. The corporate maintains affected person privateness and solely shares outcomes for public well being functions.

Productions

Bloom Well being Companions manufacturing companies encompass testing for tv and movie manufacturing units. The corporate offers on-site assortment, versatile scheduling, reporting and customised options for productions.

The corporate’s end-to-end testing for productions has resulted in conserving film and TV units operating. Bloom Well being Companions exceeds the CDC’s requirement of testing one protein by testing the gold customary of three proteins to cut back false positives. This identical strategy will be dropped at productions to cowl an array of well being wants.

Bloom Well being Companions is trusted by a number of small-scale and large-scale manufacturing firms –– together with Netflix, Apple TV+ and Sony –– to deal with testing and security compliance.

Sav DiPasquale – Chairman

Sav DiPasquale is a senior government with over 30 years of expertise within the pharmaceutical, biotechnology and transportation industries. He’s at the moment the president of the Canadian Pharmaceutical Distribution Community (“CPDN”). Beforehand, DiPasquale spent almost 17 years at GlaxoSmithKline in varied senior positions, together with vice chairman of enterprise growth and CIO. He’s additionally the previous president and CEO of Orgenesis.

Jessica Federer – Director

Jessica Federer is a enterprise accomplice with Boston Millennia Companions. Federer can also be an advisor and investor for well being and know-how firms. She is on the United Nations m-Powering Improvement Advisory Board for the Company for Info and Communications Know-how (ITU). She can also be the founding father of Innovayte. Beforehand, Federer was the chief digital officer at Bayer A.G. which is a worldwide life science chief. At Bayer A.G., Federer led a digital transformation throughout shopper well being, prescription drugs, animal well being and agriculture.

Dr. Nimisha Kalia – Director

Dr. Nimisha Kalia is at the moment the chief medical officer at GE Company. She is board-certified in inside drugs, occupational drugs and public well being and common preventive drugs. Amongst her many achievements, Dr. Kalia held tutorial appointments at Johns Hopkins College Faculty of Medication, the Johns Hopkins Bloomberg Faculty of Public Well being and the Dell Medical Faculty on the College of Texas in Austin.

John Garcia – Director

John Garcia is a seasoned senior government who spent 32 years within the telecommunications business. He spent the final 12 years of his profession at Dash the place he held pivotal roles, together with chief advertising officer and president of wi-fi. Garcia has additionally engaged in a number of main consulting initiatives for a number of firms, together with VRide, and Otsuka Prescription drugs. His expertise additionally features a main consulting undertaking for YRC which is the nation’s largest lower than truckload (LTL) service.

Andrew Morton – Chief Govt Officer

Andrew Morton is a seasoned international know-how government with a monitor file of efficiently constructing and operating progressive firms. Morton was the senior vice chairman of worldwide gross sales for Zodiac Interactive. Zodiac Interactive is a privately-held software program firm centered on superior software program for tier 1 cable and telecommunications suppliers. He headed up broadband tv for Entone the place he launched profitable operations on a number of continents. Entone was acquired by Amino Communications (LON:AMO). Morton served for a number of years post-transaction on the senior government group. Morton additionally co-launched international operations for Comtrend Company which is a frontrunner in telecom {hardware} and software program. Earlier in his profession, he held progress roles at 3Com and IBM’s spinoff firm Lexmark.

Abbas Khan, Co-Founder and Chief Advertising Officer

Abbas Khan is the managing accomplice and co-founder of Bloom Well being Companions. Khan is a real collaborator with a knack for constructing groups and implementing inventive options, Khan embodies Bloom Well being Accomplice’s mission to make sure “unstoppable is feasible.” His entrepreneurial spirit and strategic considering have been instrumental in forming key partnerships to develop Bloom’s consumer base within the U.S. and increase its best-in-class scientific operations to different nations.

Earlier than working with Bloom, Khan served because the enterprise growth and advertising supervisor for Life Biosciences. Khan was additionally the commercialization director for CloudMex which is a cutting-edge well being tech firm. At CloudMex, he led the rebrand of their communication technique in addition to managed their partnership and product growth with Anthem Well being. His background additionally contains strategic advertising roles at Sterling-Rice Group and PepsiCo. Khan is at the moment pursuing his MBA in Healthcare on the Yale Faculty of Administration.

Outdoors of labor, Khan enjoys time together with his household. Khan and his spouse help charitable causes by way of their household’s basis known as The Khan Household Basis. The Khan Household Basis was based by his philanthropist mom and father. The Khan Household Basis actively focuses its charitable giving on underserved youth, training initiatives and girls’s empowerment.

Cole Lysaught – Co-Founder and Head of Enterprise Improvement

Cole Lysaught is a managing accomplice and co-founder of Bloom Well being Companions. Lysaught is

an entrepreneur at coronary heart. He brings a powerful background in monetary and operational management. He has an intensive monitor file in investing and scaling new and current portfolio firms, funding administration, constructing groups and guiding operations.

Earlier than working at Bloom, Lysaught was a accomplice at Ahkeo Ventures which is an early-stage enterprise capital agency. Since 2011, he has facilitated over US$1 billion in transactions throughout a variety of industries, together with vitality, banking, hospitality and tourism. Lysaught continues to construct worth as a frontrunner and investor at CPL Investments which is an funding administration agency. Lysaught additionally at the moment serves because the managing accomplice of CPL Investments.

Lysaught serves as a US Delegate to the G 20 Entrepreneurial Summits in Toronto and Mexico Metropolis. He additionally serves on the Dallas Alumni Board of Administrators at Texas Christian College. Beforehand, he spent six years as a number committee member for the Nice Traders’ Finest Concepts Basis (GIBI). GIBI is a nonprofit group that advantages The Michael J. Fox Basis for Parkinson’s Analysis and the Vickery Meadow Youth Improvement Basis. He graduated cum laude from Texas Christian College with a BBA in Finance and Entrepreneurial Administration.

Marlis Yassin – Chief Monetary Officer

Marlis Yassin is a CPA and CA with greater than 15 years of expertise working with publicly-listed firms. She has held finance administration positions at varied public firms, together with a world industrial merchandise firm and mid-tier mining firms. Yassin gained intensive expertise by way of her consumer engagements at Deloitte. Yassin supplied reporting, advisory and assurance companies to publicly traded firms, primarily within the pure assets sector.

Andrew McCann – Chief Technical Officer

Andrew McCan was the co-founder and CTO of DeviantArt, a Hollywood-based on-line artist platform, acquired by Wix in 2017. On the time of the acquisition, DeviantArt had over 40 million customers and 325 million items of unique artwork housed on the platform. Beforehand, he co-founded Mediascience which was acquired by Lycos. He additionally constructed Sonique which is an audio participant software for the Home windows platform. McCan studied pc science at Montana State College.

Mehmood Khan – Strategic Advisor

Mehmood Khan M.D. has numerous expertise within the pharmaceutical, scientific and shopper industries. Dr. Khan brings a wealth of data to his position because the senior well being advisor at Bloom Well being Companions. Dr. Khan is at the moment the chairman and chief government officer of Life Biosciences Inc. At Life Biosciences, he offers strategic course and operational oversight throughout the corporate and its six daughter firms. His imaginative and prescient of a extra environment friendly and efficient drug growth pathway will drive innovation within the science and know-how that Life Biosciences advances.

Dr. Khan beforehand served because the chief scientific officer and vice chairman at PepsiCo which is a Fortune 500 firm. Earlier than becoming a member of PepsiCo, Dr. Khan served because the president of Takeda Prescription drugs which is among the largest pharmaceutical firms on this planet. At Takeda Prescription drugs, Dr. Khan led the worldwide efforts by income. Earlier in his profession, Dr. Khan had a distinguished medical profession as a college member in endocrinology on the Mayo Clinic and Mayo Medical Faculty. He served because the director of diabetes, endocrine and dietary trials unit on the Mayo Clinic and Mayo Medical Faculty.

Dr. Khan is the recipient of quite a few distinctions and awards, together with The Harris Award for Excellence in Meals and Science Know-how and a Harvard College Illuminate World Award for Innovation. Dr. Khan was named one of many 100 Most Inventive Folks in Enterprise by Quick Firm. Dr. Khan has additionally held management roles on quite a few boards. He at the moment serves as chairman of the U.S. Council on Competitiveness, V-Cat Board Member and NIST Board Member.

Dr. Khan earned his medical diploma from the College of Liverpool Medical Faculty in England. He accomplished a fellowship in scientific endocrinology and vitamin within the Division of Medication and Meals Science and Vitamin on the College of Minnesota in Minneapolis. He’s a Fellow of the Royal School of Physicians in London and a Fellow of the American School of Endocrinology.

James Shepherd – Strategic Advisor

Dr. James Shepherd is among the world’s foremost specialists in infectious illnesses. Dr. Shepherd is an affiliate professor of medication at Yale Faculty of Medication. Dr. Shepherd’s international expertise contains his work as a particular advisor to the World Well being Group. His latest expertise contains advising the federal government of India on tuberculosis management. Dr. Shepherd additionally directed a analysis program in TB and HIV for the Facilities for Illness Management and Prevention in Botswana. He additionally assisted the College of Maryland in beginning a big AIDS remedy program in Nigeria.

Honorable Eric Hargan – Medical and Science Advisor

Honorable Eric D. Hargan, JD, is the senior well being advisor for Bloom Well being Companions. He was a former Deputy Secretary of america Division of Well being and Human Companies (HHS) which is the most important division within the federal authorities. As Deputy Secretary of HHS, he oversaw the event and approval of all HHS, CMS and FDA laws and supplied vital steerage. Hargan additionally oversaw the division’s day-to-day operations and administration in addition to led coverage and technique growth.

Hargan served on the board of Operation Warp Velocity the place he signed the primary doc that enabled the beginning of Operation Warp Velocity. This was a public-private partnership initiated by the U.S. authorities to facilitate and speed up the event, manufacturing and distribution of Covid-19 vaccines, therapeutics and diagnostics. He additionally was a board member at College Hospitals and Alio Medical. Hargan can also be a Fellow on the Well being Evolution Discussion board.

Alexander Stemer, – Medical and Science Advisor

Alexander Stemer, M.D. is board licensed in inside drugs and infectious illness. Dr. Stemer brings greater than 42 years of expertise to the Bloom Well being Companions group. He was just lately named the American Coronary heart Affiliation Coronary heart of Gold Govt Chairman for 2022.

Dr. Stemer welcomes the problem of fixing new issues. He has been instrumental within the combat towards Covid-19, creating an infection management packages and protocols for hospitals and expert nursing amenities. Along with serving as affiliate scientific professor of medication on the Indiana College Faculty of Medication, Dr. Stemer at the moment serves because the co-chair of the Symphony Well being Community Covid-19 Activity Drive. He additionally just lately labored with the Nationwide Institute of Well being and Eli Lilly to develop examine protocols for the prevention and remedy of Covid-19 in expert nursing amenities utilizing a monoclonal antibody. The examine was accredited by the FDA, accomplished and just lately printed within the Journal of the American Medical Affiliation.

Joe Kurland – Medical and Science Advisor

Joe Kurland is a vaccine specialist and an infection preventionist at Youngsters’s Minnesota. Kurland is an skilled an infection management practitioner with a demonstrated historical past of working in acute and ambulatory care fields. Kurland is expert in epidemiology, an infection prevention, high-level disinfection and sterilization processes and development threat assessments (ICRA). Kurland can also be an skilled skilled offering legionella threat analysis, pandemic response and vaccine-related recommendation.