AMPLIFY HEALTH ACCELERATES STRATEGY THROUGH ACQUISITION OF AiDA TECHNOLOGIES

• Transaction complements and enhances Amplify Health’s integrated medical technology solutions stack and related IP
• Adds new commercially proven features and IP for artificial intelligence and machine learning

Singapore, January 10, 2023 /PRNewswire/ — Amplify Health, a pan-Asian integrated health technology solutions joint venture between AIA Group Limited and Discovery Group Limited, today announced the acquisition of AiDA Technologies (AiDA), a leading provider of artificial intelligence (AI) solutions for enterprises. announced the acquisition.of Asia Pacific.

AiDA was founded in 2016. Singapore by doctor Tan Gek RenPh.D. shonali krishnaswamyand a team of highly skilled data scientists from the InfoComm Research Institute (I2R), A*STAR (Agency for Science, Technology and Research).

AiDA has developed a proprietary, commercially proven, award-winning machine learning technology. These technologies are used to automate underwriting, claim processing and detect fraud, waste and abuse. This allows companies to better use data to accelerate processes, increase revenue and reduce costs. Reduce and anticipate evolving risks. These capabilities complement and build on the existing Amplify Health integrated health technology solution stack and associated IP. This includes a production-tested claims processing and management system, an integrated digital health program to manage chronic diseases, and private health insurance (PMI) product development capabilities. A unique, market-leading health intelligence platform.

AiDA has established a strong customer base around the world. Southeast Asia and a deep network of relationships with governments, academia, research institutions, and other third parties. With the AiDA acquisition, Amplify Health strengthens its regional team of highly skilled data scientists.

“the people Asia Pacific Healthier, we are building an integrated health technology solutions business, transforming the health and wellness of patients and communities around the world. Asia Pacific. The acquisition of AiDA Technologies adds further AI and machine learning capabilities to its existing IP and integrated medical technology solution stack deployed across the region. ” Doctor Axel BauerDeputy CEO of Amplify Health“Through this acquisition, we are accelerating our plans to enable payers, businesses, healthcare providers and the public health system to improve patient health outcomes and healthcare system sustainability. Asia Pacific.”

“In seeking to unlock the future potential of AiDA Technologies, we sought partners who could provide greater domain expertise, financial resources and access to new distribution networks so that we could scale for greater impact. We are confident that we have found our partners at Amplify Health and their amazing team.” Doctor Tan Gek RenChief Executive Officer of AIDA Technologies“We are excited to join forces with Amplify Health to help people Asia Pacific Make healthier, best-in-class technology available across the region. ”

About Amplify Health

Amplify Health is an Asia-wide integrated health technology solutions business that creates value for all stakeholders in the healthcare system. Our integrated health technology solutions enable clients to improve healthcare financing, access and delivery at every point in the value chain, improving the health and well-being of people and communities. AsiaAmplify Health is a joint venture between AIA Group Limited and Discovery Group Limited and is headquartered in the United States. Singapore.

For more information, please visit www.amplifyhealth.com.

About AIDA Technologies

AiDA Technologies is an AI/ML specialist company that has developed award-winning solutions to increase revenue, improve operational efficiency, and manage risk and compliance. AiDA’s team has skills in data science, data engineering, UI/UX, systems engineering, and delivery, and has established a strong network of customers and channel partners around the world. Southeast AsiaAiDA’s innovative technology has won multiple awards including Singapore Fintech Festival 2016 and 2017, National TechBlazer Award 2018, Huawei SPARK Global Startup Competition 2020, InsurTech Vertical Champion of HK FinTech Week. recognized and celebrated for 2021 years.

For more information, please visit www.aidatech.io.

Source Amplify Health