$2.6m contract win with new US State
Kooth Plc has secured a new one-year contract with an undisclosed US State valued at $2.6 million to provide digital mental health services to up to 100,000 students aged 13-18 via its Soluna platform. This agreement, which includes access to online resources, peer communities, and licensed professionals, expands Kooth's US presence alongside existing contracts in California and New Jersey. The company anticipates this win will create opportunities for further service expansion through additional funding partnerships, aligning with its strategic growth objectives.
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Kooth to provide digital mental health services via its Soluna platform in newly-contracted state for up to 100,000 students
Kooth (AIM: KOO), a leading provider of digital mental health services, announces that it has agreed the terms of a one year contract with an undisclosed US State (the "State") for the provision of digital mental health services for up to 100,000 students. The contract has an expected value of $2.6 million (the "Contract").
Under the terms of the Contract, Kooth will deliver mental health support via its Soluna platform to up to 100,000 students aged 13-18 across the State. Soluna will allow students to access online behavioural health education resources, a fully moderated peer community and chat-based counselling sessions with State-licensed behavioural health professionals. The rollout of the Contract, which will include take-up across a number of specified school districts, will be managed through Kooth's existing workforce and new in-State counsellors.
This Contract win provides Kooth with a strong, population-wide platform within the State to embark on advocacy and partnership building, which Kooth believes offers the potential to extend services via additional funding. This funding would be sourced from other partners to provide additional, targeted support in the future as per the "State Alliance Model" in line with the Company's continuing strategy.
Kooth is now providing services to three US states including California and the recently-renewed contract in New Jersey.
Kate Newhouse, Chief Executive Officer of Kooth, said:
"We are delighted to announce that we have signed a contract with a new US State to deliver vital digital mental health provision to young people. This win is indicative of the strength of both our offering and our proven track record of delivery, as well as the clear need across the US for additional mental health support in an accessible way. We are proud to be able to deliver safe and effective behavioural digital mental health support to make a significant positive difference to the mental health of school students, and in so doing add a new US state to complement the support we are already delivering in California and New Jersey."
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