NEWPORT BEACH, CA (June 21, 2017) – ORHub, Inc. (OTC: ORHB), a cloud-based medical software company established as the Operating Room Hub for data and analytics, today announces a $0.50 exercise price of for all the Company’s Series B & D Warrants.
This $0.50 exercise price will commence immediately and stay open until all of the Series B and D warrants have been exercised or the warrants expire on the expiration date currently set at December 31, 2017. The Series C, E and F Warrants remain at their respective exercise prices of $3.00 (Series C) and $4.00 (Series E & F). To date the Company has received more than $3 million from previous warrant exercises. If all of the Series B and D warrants are exercised, the Company will receive in excess of $5.5 million in additional proceeds which will be used to further expand the launch of its software platform into hospital chains throughout North America.
As recently announced (http://nnw.fm/D2kfb), ORHub in July 2017 will launch its second service line, Module 2 for hip and knee surgical procedures. With over 100 million surgeries performed in the U.S. every year and growing, this new hip and knee module significantly expands the addressable market for the Company’s dynamic analytics capabilities and Surgical Resource Management platform.
The Company’s initial module targeting spine surgeries launched in 2016 and is being used daily and exclusively at two Southern California hospitals that have collectively performed over 700 surgeries.
About ORHub, Inc.
ORHub, born from the Microsoft for Start-Ups program, is HIPAA-compliant advanced surgical software provider focused on Revolutionizing the Business of Surgery™ through the foundation of electronic data capture at the point-of- surgical care to improve workflow, simplify work processes and access real-time data intelligence. The Company’s suite of products serves the needs of the health care industry including providers, patients, the government and the medical device vendors. ORHub provides a cloud-based software solution that captures information before, during and after surgery, filling a void in the current surgical information infrastructure and providing the first process to capture and measure the surgical process — evolving Big Data into Intelligent Digital Data.
Hospitals and surgeons can make real-time, data-driven decisions to improve business profitability and the quality of patient care. This innovative technology results in hospitals understanding costs and identifying areas of cost reductions, as well as results in increased accountability, automatic creation of comprehensive anatomic implant registries, real-time analytics, improved efficiencies, and compliance with existing government regulations. ORHub has offices in Tempe, Arizona; Southern California; Bellevue, Washington; and Jacksonville, Florida.
To view a previously released Microsoft Case Study on HOI and ORHub visit:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company’s ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new software product business.