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.
Location
United States
Transaction Type
Buyout

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