LONDON (ShareCast) - (Sharecast News) - Healthcare services company WideCells Group announced on Monday that its stem cell healthcare insurance subsidiary, CellPlan, has signed a partnership agreement with stem cell extraction and storage company, Smart Cells.
The London-listed firm said that under the terms of the agreement Smart Cells - which has offices in Europe, Africa, Middle East, Asia and the Far East - would offer CellPlan's insurance plan to its 60,000 clients across multiple geographies.

It said the staged roll-out would begin in Spain within the next four weeks, followed by the UK and then globally.

With CellPlan operations already in place in Spain and the UK, WideCells said CellPlan could commence stem cell insurance sales "soon", unlocking revenue from Smart Cell's existing and new client base.

"We are delighted to be working closely with Smart Cells, which is a well-established and respected global company, to enhance its offering with our unique stem cell treatment insurance plan and increase CellPlan's own profile worldwide," said WideCells chief executive officer João Andrade.

"This is a seminal deal for CellPlan, in line with our corporate strategy focused on building revenue growth and delivering accessible and affordable cell treatments to more people."

Smart Cells CEO, Shamshad Ahmed, added that the company believed the partnership would be "mutually beneficial" for both companies, and especially useful for its clients globally.

"I look forward to cooperating with CellPlan and working together on the global rollout of re-enhanced services," Ahmed said.

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