All claims and counterclaims resolved; no money changed hands

Coral LLC ("Coral") has successfully concluded its legal proceedings against Gregory E. Smith, Recruitment Specialists, Inc. operating as High Performance Providers ("HPP"), and Doug Geinzer. The case, which was filed in the United States District Court for the Western District of Oklahoma under Case No. CIV-23-891, has been settled amicably.

"Coral LLC and High Performance Providers announce that they have reached a settlement agreement after three years of litigation. The settlement agreement, in which no money changed hands, terminates both the litigation and the agreement between the parties. A feature of this settlement agreement are strong non-disclosure and non-disparagement provisions with substantial penalties for breach."

The involved parties have filed to dismiss all claims and counterclaims permanently. The joint statement provided represents the sole and agreed-upon commentary on the resolution.

Gregory E. Smith, Chief Executive Officer of Coral, commented: "We are pleased to put this matter fully behind us. With the litigation resolved, our focus is entirely on our customers and the continued rapid growth of the Coral platform. Coral will have many major announcements in the coming months."

About Coral LLC

Coral LLC manages The Coral Platform, which serves as a direct contract network linking employers, health plans, providers, and facilities for bundled and transparently priced medical services. The marketplace provides access to millions of transparent-priced medical services throughout all 50 states, featuring 5,000+ imaging centers, 80+ hospitals, 3,400 surgical facilities, more than 35,000 centers of excellence surgeons, and 31 Centers of Excellence, benefiting over 2.3 million lives. All common service categories are offered as bundles or single case agreements. The platform allows payers and providers to create and expand direct-contract and bundled-price programs via one contract. Coral is based in Oklahoma City, OK. For more information, visit www.thecoralplatform.com.

SOURCE Coral