Generative AI Solutions Corp. Acquires Global AI Billing Corp.
May 2, 2023
Generative AI Solutions Corp. (GenAI) completed the acquisition of all outstanding securities of Global AI Billing Corp. in exchange for 7.5 million GenAI common shares and assumption of US$1.25 million of liabilities. Global AI Billing’s primary asset is a 10% ownership stake in Remitz, a U.S. medical billing provider that uses proprietary AI to recover receivables; GenAI also entered a separate 24-month marketing agreement with Gold Standard Media LLC.
- Buyers
- Generative AI Solutions Corp.
- Targets
- Global AI Billing Corp.
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Buyout
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