10:18 AM EST, 01/27/2025 (MT Newswires) -- Rackspace Technology ( RXT ) said Monday it has signed a Memorandum of Understanding with Dubai Health to discuss the creation of a digital healthcare hub to support patient care through artificial intelligence and cloud technology.

The company said the partnership aims to improve operations at Dubai Health and provide tailored digital services to support healthcare delivery.

Shares of Rackspace Technology ( RXT ) were down 8% in recent Monday trading.

Price: 2.45, Change: -0.22, Percent Change: -8.24