March 1, 2024

Syra Health (NASDAQ:SYRA) Low Float Banger on Subcontractor to $75B Federal Contract News

DENVER, Colo., Feb. 8, 2024 ( Syra Health Corp (NASDAQ:SYRA) stated, this morning, that it was selected to be a subcontractor for a contract awarded to Caduceus Healthcare, Inc. by the federal Department of Health and Human Services (HHS), Administration for Families and Children (ACR), Office of Refugee Resettlement (ORR) Medical Staffing and Support, valued at $75 billion.

“Syra Health will provide multiple services to Georgia-based Caduceus Healthcare, Inc., which is the prime contractor in support of this multi-billion-dollar Federal Influx Care Facilities contract.

“The contract establishes a multiple-award vehicle for providing temporary shelter, care facilities, direct care services, medical care, case management, education, and transportation in support of HHS’s Influx Care Facilities.”

“Syra is honored to be part of this important federal contract to help ensure the welfare, health, and safety of children through this important program,” said Sandeep Allam, Executive Chairman and President, Syra Health. “We look forward to a long-standing partnership with Caduceus Healthcare in fulfillment of this multi-year contract.”

SYRA is trading at $4.45, up $3.3391 (+300.58%), on 625K shares traded.

Its 52-week range is $0.8118 to $3.70. SYRA should trade at a new 52-week high today. It only has 5.6M shares outstanding with a reported 2.43M shares in the float.

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