MyFiziq Limited signe a binding term sheet with Jayex Healthcare Limited. The Jayex brand is synonymous with patient management systems for GPs in the UK, where the company has been operating for 40 years. Jayex Connect has evolved to become the first all-in-one patient engagement platform, improving the patient experience and the efficiency and productivity of GP practices and hospitals, via its comprehensive suite of communication tools including digital display systems, online appointment booking, SMS and email campaign management, patient self-check-in and mobile check-in, surveys and patient calling.

Jayex, has confirmed their customer base spans 3,250 locations in the UK, Australia and New Zealand, with over 50 million patient interactions per year. Under the agreement, Jayex intends to integrate the MyFiziq CompleteScan capabilities into its Jayex Connect platform and add new capabilities that allow for remote patient assessment using the CompleteScan platform to assess patient and consumer needs. Under the terms of the binding sheet, Jayex is targeting a minimum of 1,000,000 active users within the first 12 months.

There is no guarantee this number will be achieved. The parties have agreed to conclude all formal agreements within 120 days of signing the binding term sheet.