Investing.com — Shares of Kooth (LON:) jumped greater than 9% on Tuesday after the digital psychological well being providers firm introduced it was awarded a brand new pilot contract with the state of New Jersey, valued at 1 .45 million {dollars} for its first yr.
Underneath the phrases of the contract, Kooth will present psychological well being help by its Soluna platform to New Jersey faculty districts, reaching roughly 50,000 college students ages 13 to 18.
The providers are anticipated to launch in mid-January 2025 and can present college students with 24-hour entry to psychological well being instruments, content material and help.
The pilot program will leverage Kooth’s current infrastructure throughout america, in addition to state advertising experience and licensed behavioral well being professionals, to ship providers effectively.
The Soluna platform will present college students with entry to self-guided instruments, academic content material, and peer-support communities, with pre-moderation by certified professionals.
Moreover, college students can have the chance to learn from confidential counseling and training providers, obtainable seven days every week, offering the pliability to entry help after faculty hours and on weekends.
This pilot contract with New Jersey follows Kooth’s rising presence in america, together with its contract with California and its personal sector partnership with Aetna Higher Well being in Illinois.
The corporate can also be in discussions concerning a second pilot contract, which is predicted to be finalized within the first quarter of 2025.
#Kooth #shares #bounce #profitable #million #pilot #contract #Jersey #faculties #Investing.com , #Gossip247
,
