CareSpan Health, Inc. announced the expansion of its U.S. military medical assessment contract. CareSpan announced that American Advanced Practice Network ("American-APN"), a CareSpan professional corporation, has been awarded an additional contract to conduct annual medical examinations for U.S. military reservists in multiple states and locations across the United States (the "Contract"). American-APN, and its sister network, American MedPsych Network (AMPN), have over 80 practitioners using the CareSpan "Clinic-in-the-Cloud"™ solution to deliver primary, chronic, urgent and mental health care to underserved areas in the United States.

CareSpan expects to start conducting medical exams pursuant to the Contract in the coming months. American-APN Nurse Practitioners ("NPs") will deliver high-quality, and efficient examinations as they help address the large volume of annual medical exams for the U.S. military.  In 2020, the Company believes approximately 110,000 such medical exams for reservists were conducted in the U.S.  Given the current reach of its American-APN network, the Company expects to be able to service approximately 3,000 medical exams per year with an average billing of USD 100 per exam.

The Company believes that as additional NPs join its network and expand its reach, it will be in a position to service a greater share of the annual total volume. The Contract is in addition to the veterans disability assessment contract announced pursuant to the Company's press release dated December 7, 2021.