The Fitbit stock surges after the announcement of its collaboration with Singapore's public health program

Fitbit Shares Inc.

IN SHAPE, + 2.37%

are up Wednesday morning after the company announced that it would work with the Singapore Health Promotion Council to offer Fitbit devices and services to Singapore residents as part of the country's public health program . This collaboration represents Fitbit's "first major integration of a digital health platform and wearable devices into a national public health program on a global scale," the company said in a statement. Participants will have access to coaching and health monitoring tools as part of the program. Fitbit shares are up 6.4% Wednesday, but they have fallen 38% in the last three months, while the S & P 500 index

SPX, + 0.82%

increased by 2.2%.