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WSCWorx Corp.

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SCWorx Corp.

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  • SCWorx Announces Equity Financing with Institutional Investors
    Sep 17, 2026SCWorx, Corp. (WORX) News

    Middleton, Mass., Sept. 17, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. (the “Company”) (OTCQB: WORX), a provider of data management solutions to healthcare providers, announced today that it entered into a Securities Purchase Agreement with institutional and accredited investors (the “Investors”) for an equity financing resulting in aggregate gross proceeds of approximately $938,000, before deducting placement agent fees and other offering expenses. In connection with the financing, the Company agreed to sell Units consisting of an aggregate of 350,000 shares of common stock, and warrants to purchase 350,000 shares of common stock, at a purchase price of $2.68 per Unit. The warrants have an exercise price of $2.56 per share, are subject to a beneficial ownership limitation, are exercisable immediately and have a term of five years.  In addition, existing investors have exercised outstanding warrants to purchase an aggregate 50,000 shares of common stock, and the Company will issue approximately 50,000 shares of common stock to the placement agent as compensation.  Upon completion of these issuances, SCWorx expects to have more than 500,000 Publicly Held  Shares, as required by Nasdaq Rule 5550(a)(4), subject to Nasdaq's determination that the Company has regained compliance with the Rule. The Company's common stock remains listed on the Nasdaq Capital Market, but trading on Nasdaq has been suspended since April 14, 2026, and the common stock is currently quoted on the OTCQB market. Dawson James Securities, Inc. acted as placement agent in connection with the financing. The Company has agreed to file a registration statement on Form S-3 within thirty days with the U.S. Securities and Exchange Commission (the “SEC”) covering the resale of the shares of common stock as well as the shares issuable upon exercise of the warrants. The net proceeds from the financing are intended to be used for working capital purposes. Under the terms of the Securities Purchase Agreement, the proceeds from the financing will be maintained in a segregated account until November 30, 2026. The Company must regain compliance with the continued listing standards of the Nasdaq Capital Market on or prior to October 5, 2026. If the Company's common stock does not resume trading on the Nasdaq Capital Market by October 31, 2026, or if Nasdaq issues a determination to delist the Company's common stock before that date, each Investor will then have the right, subject to the terms of the Securities Purchase Agreement, to require the Company to return such Investor's subscription amount in exchange for cancellation and surrender of the securities purchased by that Investor. Nasdaq has advised the Company that, in order to regain compliance, the Company must both satisfy the 500,000 Publicly Held Shares requirement and thereafter maintain a closing bid price of at least $1.00 per share for ten consecutive trading days, and that both conditions must be satisfied on or before October 5, 2026, the deadline set by the Nasdaq Hearings Panel. If the Company does not satisfy these conditions by that date, the Company expects that Nasdaq will delist its common stock. There is no assurance that the Company’s common stock will resume trading on the Nasdaq Capital Market. The securities described above were offered and sold in a private placement pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), and have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. Thi

  • SCWorx Announces New Two-Year Agreement with One of Massachusetts’ Largest Integrated Delivery Networks
    Aug 6, 2026SCWorx, Corp. (WORX) News

    MIDDLETON, MA, Aug. 06, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp., a provider of healthcare data management, interoperability, and supply chain information solutions, today announced that it has entered into a two-year agreement with one of Massachusetts’ largest integrated delivery networks (IDNs). The customer is a leading not-for-profit healthcare organization with a comprehensive network of hospitals, physician practices, outpatient facilities, and community-based care services. The organization selected SCWorx to support its healthcare supply chain data management initiatives as it continues to enhance enterprise data quality, governance, and operational efficiency. Under the two-year agreement, SCWorx will provide its proprietary healthcare data normalization, item master management, and supply chain data enrichment solutions to help improve the accuracy, consistency, and usability of critical supply chain information. The engagement is expected to support procurement optimization, strengthen data governance, and enable more effective analytics across the customer’s healthcare operations. "We are pleased to partner with one of Massachusetts’ largest integrated delivery networks and to support its ongoing efforts to improve healthcare supply chain data quality," said Tim Hannibal, President and Chief Executive Officer of SCWorx. "This multi-year commitment reflects the growing recognition among leading health systems that accurate, normalized, and actionable data is foundational to operational improvement, cost management, and enterprise transformation. We believe this agreement further validates the value of our proprietary healthcare data platform and our ability to support complex healthcare organizations." SCWorx continues to expand its relationships with hospitals and integrated delivery networks seeking to improve supply chain visibility, streamline operations, support ERP modernization initiatives, and establish a stronger foundation for analytics and artificial intelligence-enabled healthcare applications. About SCWorx Corp. SCWorx is a provider of data management and analytics solutions focused on improving operational efficiency, data accuracy, and cost savings for healthcare organizations. The Company’s platform enables the normalization, aggregation, and analysis of complex data sets to support supply chain optimization, financial performance, and regulatory compliance. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. SCWorx undertakes no obligation to update any forward-looking statements except as required by law. Investor Relations Contact: SCWorx Investor Relationsir@scworx.com Source: SCWorx Corp.

  • SCWorx Receives Nasdaq Hearings Panel Partial Compliance Letter for the Company’s Continued Listing on the Nasdaq Capital Market
    Jul 29, 2026SCWorx, Corp. (WORX) News

    MIDDLETON, MA, July 29, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. ("SCWorx" or the "Company"), a provider of data normalization and supply chain solutions for the healthcare industry, today announced that it has received a partial compliance letter from the Nasdaq Hearings Panel (the "Panel") confirming completion of the first benchmark for the Company’s approved plan to regain compliance for continued listing on The Nasdaq Capital Market. Under the terms of the Panel's previous decision, SCWorx must demonstrate compliance with Nasdaq's minimum bid price requirement by achieving a closing bid price of at least $1.00 per share for a minimum of twenty (20) consecutive trading days, as required under Nasdaq Listing Rule 5815(c)(4). The company must still immediately notify Nasdaq of any material changes to its compliance plan or any event, condition, or circumstance that could affect the Company's ability to satisfy the requirements of the exception granted previously. The Panel also reserved the right to reconsider the terms of the exception should any developments arise that, in the Panel's judgment, make continued listing of the Company's securities inadvisable or unwarranted. "We appreciate the Panel's continued consideration and for the opportunity to continue our Nasdaq listing while we execute the next phases of our compliance plan," said Tim Hannibal, President and Chief Executive Officer of SCWorx. "Maintaining our Nasdaq listing remains a strategic priority as we continue to focus on expanding customer relationships, advancing our healthcare supply chain data management platform, and creating long-term value for shareholders." The Company intends to take all actions necessary to satisfy the conditions established by the Panel and will continue to keep investors informed regarding its progress. About SCWorx Corp. SCWorx is a provider of data management and analytics solutions focused on improving operational efficiency, data accuracy, and cost savings for healthcare organizations. The Company’s platform enables the normalization, aggregation, and analysis of complex data sets to support supply chain optimization, financial performance, and regulatory compliance. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. SCWorx undertakes no obligation to update any forward-looking statements except as required by law. Investor Relations Contact: SCWorx Investor Relations ir@scworx.com Source: SCWorx Corp.

  • SCWORX ANNOUNCES DEPLOYMENT OF AI-ASSISTED DATA MANAGEMENT MODEL FOR HEALTHCARE SUPPLY CHAIN DATA ATTRIBUTES
    Jul 8, 2026SCWorx, Corp. (WORX) News

    SCWorx Leverages Leading AI Models along with its Proprietary Healthcare Data Assets to Accelerate Data Cleansing, Enrichment, Classification and Supply Chain Intelligence Middleton, MA, July 08, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp., a provider of healthcare supply chain data management, interoperability and analytics solutions, today announced the deployment of its Artificial Intelligence assisted Data Management Model, a platform designed to automate portions of the SCWorx-controlled data management process and assist with the classification, normalization, enrichment and governance of healthcare supply chain product attributes. The AI-assisted framework extends SCWorx's existing healthcare data management platform by leveraging its healthcare item database, developed over the past 12 years, together with its proprietary Healthcare Attribute Catalog, advanced UNSPSC methodology and substitute item database.  By combining these differentiated healthcare data assets with commercially available AI models, SCWorx is strengthening its position in healthcare data quality while delivering faster turnaround times for data cleansing and attribute-enrichment projects. SCWorx is integrating large language model capabilities from industry-leading AI providers into a private environment, with current efforts primarily utilizing Anthropic's family of large language models integrated as one component of the SCWorx-controlled data management platform workflow. In addition to anticipating faster turnaround times for customer data delivery, SCWorx expects these AI tools to assist in accelerating application development, feature creation, bug resolution, data validation and workflow automation, with targeted productivity improvements and cost savings across selected internal development and data management processes.  Healthcare providers, distributors, group purchasing organizations, manufacturers and ERP platforms rely on accurate product attributes to support purchasing, inventory management, contract compliance, supply disruption mitigation, procedural cost analysis and financial performance. Incomplete or inconsistent data can result in lost revenue, duplicate items, inventory waste, purchasing errors, contract leakage, delayed ERP implementations and reduced visibility into supply chain spending. SCWorx provides data management services to help healthcare providers and SCWorx partners address these challenges by transforming fragmented and incomplete healthcare product records into standardized, enriched and actionable supply chain information. The SCWorx AI assisted Data Management Model operates in conjunction with the Company's proprietary healthcare data assets, including millions of normalized healthcare product records, attribute definitions and classification data accumulated through years of healthcare data management engagements. The SCWorx platform is designed to utilize AI models together with the Company's proprietary healthcare product catalog and human quality assurance, including its enhanced UNSPSC-based classification methodology, to improve attribute recognition, classification consistency and data governance across healthcare supply chain data. The Company's proprietary healthcare databases, business rules and classification methodologies provide the domain-specific context used to guide AI-assisted data normalization, classification and enrichment workflows. “The healthcare industry continues to struggle with fragmented and inconsistent supply chain data,” said Anders Ohlsson, Chief Technology Officer of SCWorx. “Our AI Data Management Model combines advanced AI technologies with SCWorx’s healthcare-specific expertise, proprietary attribute catalog, item substitute intelligence, and enhanced UNSPSC-based classification methodology to improve data quality, accelerate implementation timelines, an

  • SCWorx Announces New Not-for-Profit Teaching Hospital Customer for Data Management Services Supporting Workday Integration
    Jun 30, 2026SCWorx, Corp. (WORX) News

    Company Continues Expansion of Healthcare Data Management Platform as Hospitals Modernize ERP Infrastructure MIDDLETON, MA, June 30, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. a leading provider of healthcare data management, interoperability, and supply chain solutions, today announced that it has secured a new agreement with a prominent not-for-profit teaching hospital to provide data management and normalization services in support of the organization's Workday implementation initiative. Under the agreement, SCWorx will leverage its proprietary healthcare data management platform to cleanse, standardize, enrich, and optimize the Florida hospital's item master and related supply chain data assets. The project is designed to help ensure the quality, accuracy, and consistency of critical operational data prior to migration into the Workday enterprise platform. Healthcare organizations undertaking enterprise resource planning (ERP) transformations face significant challenges associated with inconsistent, incomplete, and duplicate supply chain data. SCWorx's data management services help organizations improve data integrity, enhance reporting capabilities, streamline procurement processes, and maximize the value of their technology investments. "This engagement reflects the growing recognition among healthcare providers that high-quality data is essential for successful ERP implementations," said Tim Hannibal, President and Chief Executive Officer of SCWorx. "As healthcare systems continue to modernize their technology infrastructure, they are increasingly seeking specialized expertise to ensure that supply chain and item master data are properly prepared for migration. We are pleased to support this respected teaching hospital as it advances its digital transformation initiatives." The hospital selected SCWorx based on the Company's extensive experience working with healthcare provider organizations to improve supply chain data quality and support enterprise system integrations. The engagement further expands SCWorx's growing portfolio of healthcare customers utilizing the Company's data management solutions to support operational efficiency and financial performance initiatives. "The success of any ERP implementation begins with trusted data," Hannibal added. "Our ability to normalize, enrich, and maintain healthcare supply chain data helps organizations reduce implementation risk while creating a stronger foundation for analytics, automation, and long-term operational excellence." Financial terms of the agreement were not disclosed. About SCWorx Corp. SCWorx Corp. (OTCQB: WORX) provides data management, interoperability, and analytics solutions for healthcare providers, suppliers, and manufacturers. Through its proprietary software platform and services, SCWorx helps organizations improve the quality, accuracy, and usability of critical healthcare supply chain and operational data. The Company's solutions support data governance, item master management, contract optimization, supply chain visibility, and healthcare interoperability initiatives. Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. SCWorx undertakes no obligation to update or revise forward-looking statements except as required by law. Investor Relations Contact: SCWorx Corp.Investor RelationsEmail: ir@scworx.comPhone: 1-844-472-9679 <br

  • SCWorx Receives Nasdaq Hearings Panel Decision Granting the Company’s Request to Continue its Listing on the Nasdaq Stock Market, Subject to Compliance Conditions
    Jun 23, 2026SCWorx, Corp. (WORX) News

    MIDDLETON, MA, June 23, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. ("SCWorx" or the "Company"), a provider of data normalization and supply chain solutions for the healthcare industry, today announced that it has received a decision from the Nasdaq Hearings Panel (the "Panel") granting the Company’s request to continue its listing on The Nasdaq Stock Market, subject to satisfaction of certain conditions. By way of background, trading in the Company’s common stock was suspended on April 14, 2026 because the Company failed to meet the requirements of Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the "Bid Price Rule"). Under the terms of the Panel's decision, SCWorx must comply with the following conditions, in order for trading of its common stock to be reinstated on Nasdaq: (i) on or before July 22, 2026, we must obtain shareholder approval for a reverse stock split, at a ratio sufficient to achieve a post-split price reasonably expected to sustain compliance with the Bid Price Rule; (ii) on or before August 3, 2026, we must effect a reverse stock split; and (iii) on or before August 28, 2026, we must demonstrate compliance with the Bid Price Rule by evidencing a closing bid price at or above $1.00 per share for a minimum of 20 consecutive trading days. If the Company does not satisfy the Panel’s conditions by the applicable deadlines, its common stock would be delisted from Nasdaq and trading on Nasdaq would not be reinstated, in which case its common stock would continue to be quoted on OTC Markets, subject to compliance with applicable OTC Market rules. The Panel reserved the right to reconsider the terms of the exception it granted the Company, should any developments arise that, in the Panel's judgment, make continued listing of the Company's securities inadvisable or unwarranted. Under applicable Nasdaq Rules, the Nasdaq Listing and Hearing Review Council may, on its own motion, determine to review any Panel decision within 45 calendar days after issuance of the written decision. If the Listing Council determines to review the Panel Decision, it may affirm, modify, reverse, dismiss or remand the decision to the Panel. "We appreciate the Panel's consideration and the opportunity to continue our Nasdaq listing while we execute our compliance plan," said Tim Hannibal, President and Chief Executive Officer of SCWorx. "Maintaining our Nasdaq listing remains a strategic priority as we continue to focus on expanding customer and partner relationships, advancing our healthcare supply chain data management platform, including through the use of artificial intelligence, and creating long-term value for shareholders." The Company intends to take all actions necessary to satisfy the conditions established by the Panel and will continue to keep investors informed regarding its progress. Pending potential reinstatement of trading, which is subject to satisfaction of the Panel's compliance conditions, the Company has received approval from OTC Markets to have its common stock quoted on the OTCQB Market. About SCWorx Corp. SCWorx has created and markets solutions that improve the accuracy, interoperability and utilization of information within healthcare provider organizations. SCWorx's solutions enable healthcare organizations to simplify data management, improve supply chain performance, support ERP implementations, and drive operational efficiencies through advanced data normalization and analytics. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements regarding the Company's ability to achieve or sustain the $1.00 bid price (particularly given the illiquidity of the OTC Markets), meet the deadlines imposed by the Nasdaq Hearings Panel

  • SCWorx Announces Two New Customer Wins Through Strategic Partner Channel
    Apr 22, 2026SCWorx, Corp. (WORX) News

    New York, NY, April 22, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. (“SCWorx” or the “Company”), a leading provider of data management, analytics, and supply chain solutions for the healthcare industry, today announced that it has secured two new customers through a strategic partner relationship. Both customers are currently engaged in preparatory data initiatives in advance of planned ERP implementations. The new engagements underscore SCWorx’s growing role as a critical data readiness and normalization partner in enterprise system transformations. Each customer will leverage SCWorx’s platform to standardize, cleanse, and structure key operational and financial data sets required for successful deployment within the Workday environment. “Data integrity and standardization are foundational to realizing the full value of an ERP implementation,” said Tim Hannibal, Chief Executive Officer of SCWorx. “These new customer wins reflect the strength of our partner ecosystem and validate our positioning as a trusted provider of data readiness solutions in complex enterprise transformations.” Through its partner-led channel strategy, SCWorx continues to expand its footprint among healthcare organizations undertaking large-scale ERP or critical business system upgrades. The Company’s solutions are designed to accelerate implementation timelines, reduce downstream integration risk, and improve long-term data governance outcomes. The two new customers are currently in the data preparation phase, with implementation timelines aligned to their broader ERP deployment schedules. SCWorx expects these engagements to contribute to near-term revenue and to create opportunities for expanded scope as the implementations progress. About SCWorx Corp. SCWorx is a provider of data management and analytics solutions focused on improving operational efficiency, data accuracy, and cost savings for healthcare organizations. The Company’s platform enables the normalization, aggregation, and analysis of complex data sets to support supply chain optimization, financial performance, and regulatory compliance. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. SCWorx undertakes no obligation to update any forward-looking statements except as required by law. Investor Relations Contact:SCWorx Investor Relations ir@scworx.com Source: SCWorx Corp.

  • SCWorx Announces New SaaS and Data Management Customer Supporting a Prominent Southeastern Healthcare Provider’s Workday Platform
    Mar 4, 2026SCWorx, Corp. (WORX) News

    New York, NY, March 04, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: SCWX), a leading provider of data management, analytics, and interoperability solutions for healthcare organizations, today announced that it has signed a new SaaS and data management customer agreement with a prominent Southeastern healthcare provider in support of its implementation and ongoing optimization of its Workday platform. The health system’s integrated delivery network (IDN) comprises over 700 beds across multiple acute care hospitals and outpatient facilities, serving communities throughout the region. Under the agreement, SCWorx will provide its cloud-based data management and governance solutions to support the health system’s enterprise resource planning (ERP) environment within Workday. The engagement includes data normalization, master data governance, legacy system migration support, and ongoing data integrity monitoring delivered through SCWorx’s SaaS data platform. “Healthcare organizations are increasingly recognizing that the success of a Workday implementation depends on the quality and governance of underlying data,” said Tim Hannibal, Chief Executive Officer of SCWorx. “We are pleased to support this prominent Southeastern healthcare provider, whose integrated delivery network spans over 700 beds, as it modernizes its data infrastructure. Our SaaS-based data management platform is designed to help organizations achieve cleaner conversions, improved reporting accuracy, and stronger long-term data governance.” SCWorx’s solutions are designed to: Standardize and normalize supply chain master data Identify and remediate duplicate and inconsistent records Improve reporting reliability and compliance Support scalable data governance frameworks across enterprise systems This new customer engagement expands SCWorx’s footprint in the healthcare provider market and reinforces the Company’s strategic focus on delivering recurring SaaS revenue through enterprise data management solutions aligned with major cloud platforms such as Workday. For more information about SCWorx and its healthcare data management solutions, please visit www.scworx.com. About SCWorx Corp. SCWorx is a healthcare data management and analytics company providing SaaS-based solutions to hospitals and health systems. The Company’s platform helps healthcare organizations normalize, govern, and optimize their data to support operational efficiency, financial performance, and regulatory compliance. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements regarding anticipated benefits of the Company’s SaaS solutions, expected performance improvements, and long-term customer relationships. Actual results may differ materially from those projected due to various risks and uncertainties. SCWorx undertakes no obligation to update forward-looking statements except as required by law. Investor Contact:SCWorx Corp.Email: ir@scworx.comPhone: (844) 472-9679 <a href="h

  • SCWorx Announces New Academic Hospital Customer
    Dec 17, 2025SCWorx, Corp. (WORX) News

    New York, NY, Dec. 17, 2025 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: WORX), a provider of healthcare data management and interoperability solutions, today announced that it has entered into a new customer agreement with a Midwest-based academic hospital organization with approximately 500 beds. The customer selected SCWorx to support certain healthcare data cleanse and enrichment services for assistance with Workday initiatives. The agreement provides for the use of SCWorx solutions to assist with improving data consistency and supporting operational workflows. “This customer engagement reflects ongoing interest in our data management solutions within the academic healthcare community,” said Tim Hannibal, Chief Executive Officer of SCWorx. “We remain focused on supporting our customers’ operational and data-related needs.” The Company did not disclose the financial terms of the agreement. Deployment timing and scope will be determined in coordination with the customer. About SCWorx SCWorx offers a suite of software-as-a-service-based data management solutions for healthcare providers. SCWorx delivers value through the full integration of its solutions modules with a robust data platform, ensuring accuracy, cost savings, operational efficiency, and reliable benchmarking and reporting. The solution modules include Virtual Item Master, data cleanse and normalization, contract management, request for pricing (RFP) module, automated rebate management module, data interoperability (EMR, MMIS, finance) module, Automated Item Add Portal, Virtual General Ledger, and the data analytics module. SCWorx creates a single source for information for the healthcare provider’s data governance and analytics requirements. Forward-Looking Statements This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future contract renewals and terminations, future financial position, prospects, plans and objectives of management are forward-looking statements. You can identify many (but not all) such forward-looking statements by looking for words such as “assumes,” “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “seeks,” “intends,” “plans,” “could,” “would,” “may” or other similar expressions. You should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements. As a result of many factors, including, without limitation, economic disruptions affecting our customers, unexpected contract terminations, securing future contracts and orders, future product sourcing, supply disruptions, containing costs, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the company to meet its business objectives and operational requirements and other important factors that are detailed in filings with the Securities and Exchange Commission made from time to time by SCWorx, including its Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Matters described in forward-looking statements may also be affected by other known and unknown risks, trends, uncertainties and factors, many of which are beyond the company’s ability to control or predict. SCWorx undertakes no obligation

  • SCWorx Continues to Expand Healthcare Data Management Network with New Partnership
    Dec 15, 2025SCWorx, Corp. (WORX) News

    Middleton, MA, Dec. 15, 2025 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: WORX) today announced a new partner agreement with a leading healthcare supply chain partner, further strengthening its SaaS data management program. The partner revolutionizes healthcare payments with a next-generation, AI-powered solution that automates payment processes and supply chain management. The company’s platform leverages the latest innovations in financial and healthcare technologies to deliver actionable insights, optimize performance, minimize complexity, and eliminate administrative waste. “This partner brings a complete service platform that benefits its healthcare customers via a powerful and intuitive technology solution that streamlines supply chain and expense management operations using accurate data provided by SCWorx. As a customer and referral partner SCWorx is excited to not only assist the partner with data management service but to also work on new healthcare customer opportunities,” said Tim Hannibal, SCWorx CEO. Hannibal added, “Partnerships remain a cornerstone of SCWorx’s growth strategy as we continue to expand our footprint and deliver innovative, high-value solutions for healthcare providers.” About SCWorxSCWorx offers a suite of software-as-a-service-based data management solutions for healthcare providers. SCWorx delivers value through the full integration of its solutions modules with a robust data platform, ensuring accuracy, cost savings, operational efficiency, and reliable benchmarking and reporting. The solution modules include Virtual Item Master, data cleanse and normalization, contract management, request for pricing (RFP) module, automated rebate management module, data interoperability (EMR, MMIS, finance) module, Automated Item Add Portal, Virtual General Ledger, and the data analytics module. SCWorx creates a single source for information for the healthcare provider’s data governance and analytics requirements. Forward-Looking Statements This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future contract renewals and terminations, future financial position, prospects, plans and objectives of management are forward-looking statements. You can identify many (but not all) such forward-looking statements by looking for words such as “assumes,” “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “seeks,” “intends,” “plans,” “could,” “would,” “may” or other similar expressions. You should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements. As a result of many factors, including, without limitation, economic disruptions affecting our customers, unexpected contract terminations, securing future contracts and orders, future product sourcing, supply disruptions, containing costs, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the company to meet its business objectives and operational requirements and other important factors that are detailed in filings with the Securities and Exchange Commission made from time to time by SCWorx, including its Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Matters described in forward-looking statements may

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