Marpai Inc (MRAI)

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MARPAI ANNOUNCES "OFF-CYCLE" NEW CLIENT AGREEMENT
Marpai executes new client agreement furthering its expansion in the Southeast.

TAMPA, Fla., March 5, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an independent national Third-Party Administration ("TPA") company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced that it has signed a three-year agreement to provide healthcare benefit services to a regional organization based in the southeast.

The agreement commenced this month, and it is expected to bring at least 20,000 households by the end of 2024.

John Powers, Marpai's President, commented, "We are very pleased to bring on a new client, especially off the normal calendar year cycle of benefit plan contracts. Marpai's custom solution and ability to move quickly to service the client, while offering significant cost savings, was crucial in Marpai winning the new business. We believe thar our vision of providing affordable healthcare and solid member experience is resonating with the market as companies continue to struggle with inflationary pressures."