WORX News & Events

SCWorx has secured a new agreement with a 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.

SCWorx announced that it has received a decision from Nasdaq granting the company's request to continue its listing on Nasdaq, subject to satisfaction of certain conditions. By way of background, trading in the company's common stock was suspended on April 14 because the company failed to meet the requirements of Nasdaq Listing Rule 5550, which requires a minimum bid price of $1.00 per share. 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: on or before July 22, it 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; on or before August 3, we must effect a reverse stock split; and on or before August 28, the company 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.

Scworx Corp trading halted, news pending

SCWorx signed a new SaaS and data management customer agreement with a Southeastern healthcare provider in support of its implementation and ongoing optimization of its Workday platform. The health system's integrated delivery network 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 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.