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Syra Health Selected for $5.8 Million Indiana Child Mental Health Program

1. Syra Health recommended for a $5.8 million contract in Indiana. 2. Contract focuses on child mental health support in Indiana. 3. Syra will subcontract 23.5% to Indiana-based companies. 4. Revenue from this contract to be recognized later this year. 5. State partnership highlights Syra's ability in health solutions.

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Why Bullish?

The substantial contract win suggests revenue growth for Syra Health. Similar contracts in the past have positively influenced other healthcare companies' stock prices as stability and demand increase.

How important is it?

The partnership's scope and financial value indicate significant revenue potential, particularly for a smaller firm like Syra. The proactive subcontracting strategy further enhances local economic engagement, which is positively viewed by investors.

Why Short Term?

Revenue recognition is expected to occur within this fiscal year, impacting earnings promptly. Such short-term contracts can stimulate immediate investor interest and market performance.

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JNJABTCVS
, /PRNewswire/ -- Syra Health Corp. (OTCQB: SYRA) ("Syra Health" or the "Company"), a healthcare technology company dedicated to powering better health through innovative technology products and services, announced today that the Indiana Department of Administration in collaboration with the Family and Social Services Administration/Division of Mental Health and Addiction has recommended Syra Health for contract negotiations to implement Indiana's Child Mental Health Wraparound Access Site. The contract is valued at $5.8 million over three years, with an optional one-year extension. Syra has committed to subcontracting 23.5% of the total contract value to other Indiana-based companies. Revenue related to this contract is expected to be recognized later in the year, following final contract execution. "Through this partnership, the state of Indiana is investing in Syra Health's proven ability to deliver comprehensive, outcome-driven health solutions," said Dr. Deepika Vuppalanchi, interim CEO and co-founder of Syra Health. "We bring an integrated approach that combines public health expertise, data analytics, and mental health support—ensuring programs are not only implemented, but deliver measurable impact." Indiana-based Syra Health has a track record of executing complex health initiatives for state and local governments, including work with Indiana's Department of Child Services and multiple agencies nationwide. Syra Health will serve as the statewide access point for families and providers navigating Indiana's Child Mental Health Wraparound program. This initiative is a key part of the state's broader strategy to strengthen care coordination and improve mental health outcomes for children across the state. About Syra Health Syra Health is a healthcare technology company that powers better health in critical areas such as mental health, population health, and the healthcare workforce. The company's leading-edge technology products and innovative services focus on prevention, access, and affordability. With a commitment to improving health, Syra Health is advancing healthcare solutions nationwide and around the world. For more information, please visit www.syrahealth.com. Forward-Looking Statements Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." These statements include but are not limited to, statements relating to the expected use of proceeds, the Company's operations and business strategy, and the Company's expected financial results. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty, and changes in circumstances. Investors should read the risk factors set forth in our Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. For Media Inquiries:Christine DruryDirector of Corporate CommunicationsSyra Health463-345-5180[email protected] SOURCE Syra Health WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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