HealthLynked Receives $500,000 Payment Milestone from Sale of ACO Health Partners
Rhea-AI Summary
HealthLynked Corp. (OTCQB: HLYK) has received a $500,000 payment milestone from the sale of ACO Health Partners (AHP), representing their share of AHP's ACO shared savings for the 2023 performance period. This payment completes the total cash consideration of $3 million from the January 2023 sale, which included an initial $750,000 payment, $1.75 million in participation-based payments, and the current $500,000 milestone. The sale to Palm Beach ACO was a strategic move allowing HealthLynked to focus on its core healthcare technology and patient engagement services.
Positive
- Received final $500,000 payment completing total $3 million cash consideration from AHP sale
- Successfully completed strategic divestment to focus on core business
Negative
- None.
News Market Reaction – HLYK
On the day this news was published, HLYK gained 4.55%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NAPLES, Fla., Nov. 25, 2024 (GLOBE NEWSWIRE) -- via IBN -- HealthLynked Corp. (OTCQB: HLYK), a leader in healthcare technology and patient engagement solutions, today announced the receipt of
Since the sale of AHP in January 2023, HealthLynked has received a total of
Dr. Michael Dent, CEO of HealthLynked, stated, "The sale of our ACO to Palm Beach ACO was a strategic step forward for HealthLynked, enabling us to focus on expanding our core healthcare technology and patient engagement services. We are delighted to see that the ACO continues to deliver meaningful benefits to patients and providers, underscoring the value of this collaborative care model."
For more information about HealthLynked, please visit www.healthlynked.com.
About HealthLynked Corp
HealthLynked Corp. enhances healthcare through personalized care management that improves outcomes and reduces costs. Its cloud-based platform connects patients with providers for virtual or in-office appointments and consolidates medical records into one secure, accessible location.
With AI-driven recommendations, HealthLynked offers tailored insights, streamlines care coordination, and provides savings on prescriptions and medical supplies. By empowering patients with efficient, affordable solutions, HealthLynked delivers better care and an improved healthcare experience.
Forward-Looking Statements & Risk Factors
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations. Actual results may differ materially from those expressed or implied by these statements due to various risks and uncertainties. Without limiting the foregoing, forward-looking statements may be identified by terms such as "may," "expect," "intend," "anticipate," "believe," "estimate," and similar expressions. These statements are based on assumptions deemed reasonable but are inherently uncertain and cannot be guaranteed. We do not undertake any obligation to update these statements except as required by law. For more information, please refer to the "Risk Factors" section of our latest Annual Report on Form 10-K and other filings available at www.sec.gov.
Contact Information:
HealthLynked Corp.
Michael Paisan
1265 Creekside Parkway, Suite 301
Naples, FL 34118
Email: IR@healthlynked.com
Phone: +1 (800) 928-7144
FAQ
How much did HealthLynked (HLYK) receive from the ACO Health Partners sale in total?
When did HealthLynked (HLYK) sell ACO Health Partners?
What was the latest payment milestone HealthLynked (HLYK) received from the ACO sale?
