Shares More Than Double on Plans for Robots to Assist in ICUs

Dow Jones08-02

By Connor Hart

Shares of VSee Health surged after the telehealth services provider said it has partnered with Ava Robotics to develop a robot for the inpatient intensive care market.

The stock soared 149% to $6.05 in post-market trading on Thursday, after ending the regular session up 3.4% at $2.45. The shares are down 80% this year.

The autonomous robot will be powered by VSee's software and will assist in hospital's intensive care units, the San Jose, Calif. based company said. Through the robot, physicians who aren't on site will be able to have a physical presence in the unit, interact with patients, consult with onsite staff and make treatment decisions.

The robot is intended to expand the reach of telehealth solutions beyond the largest hospitals in major metropolitan areas, making telehealth accessible to regional hospitals and smaller ICUs.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

August 01, 2024 18:48 ET (22:48 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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