• Singular Health receives $500,000 cornerstone investment from Miami-based MSO Provider Network Solutions
• Funding strengthens Singular Health's cash position to over $4.62 million as of 31 December 2024
• Investment demonstrates PNS's commitment to long-term relationship and recognition of Singular Health's value

Singular Health Group Ltd (ASX: SHG) has announced that it has received the funds in respect of the AUD$500,000 investment from Provider Network Solutions (PNS) that was previously announced on the 20th of November 2024. PNS, a Miami-based Managed Service Organisation (MSO) that manages the health plans for more than 3.7 million patients across Florida, Texas, and Puerto Rico, provided the cornerstone equity investment as part of Singular Health's November 2024 placement. The funding from PNS was deferred to the Q1 of United States FY2025, and Singular Health has now confirmed that the funds have been received, with the issuance of PNS's shares to follow shortly. With Singular Health's cash position exceeding $4.62 million as of 31 December 2024, further strengthened by over $400,000 from recent option exercises and now supplemented by the $500,000 investment from PNS, the Company has substantial working capital to execute the imminent pilot program with Provider Network Solutions. Singular Health's Managing Director and CEO Denning Chong stated that the cornerstone investment is a clear demonstration of PNS's commitment to a long-term relationship with Singular Health and a recognition of the company's value as they work jointly on technology solutions that could save PNS tens of millions of dollars.

Singular Health now has substantial working capital to execute the imminent pilot program with Provider Network Solutions, and the company looks forward to updating the market in the coming weeks and months as they finalise the terms of the Pilot Program with PNS and commence the rollout of their technology across the chosen pilot sites.