Mitesco Continues Nationwide Expansion, Finalizes Second Denver Location of The Good Clinic™ with Nationwide Developer Shea Properties
Mitesco, Inc. (OTCQB: MITI) has announced the signing of a lease for its second Denver location of The Good Clinic, situated at The Quincy in Downtown Denver. This expansion aims to establish a long-term client base in a rapidly growing labor market. The new location, expected to operate by Q1 2022, will complement Mitesco's growth strategy alongside its existing Minneapolis site. The Quincy features luxury apartments and retail space, enhancing the clinic's visibility and accessibility in the region.
- Expansion to a second location in Denver aligns with growth strategy.
- Denver's educated and growing labor force provides a solid client base.
- The Good Clinic will operate within a luxury apartment and retail space.
- Dependence on external capital for further expansion remains a risk.
MINNEAPOLIS, Oct. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mitesco, Inc., (OTCQB: MITI) (“Mitesco” or the “Company”), a leading operator of primary care clinics that combine technology with relationship-driven, personalized healthcare, today announced it has signed a lease for the second Denver location of The Good ClinicTM at The Quincy, located in the heart of Downtown Denver's financial district.
“In line with our plans to expand nationwide, and with our Minneapolis plans nearly complete, Denver becomes our second anchor marketplace. Downtown Denver sits at the center of a region with one of the most highly educated and fastest growing labor forces in the nation. Denver is one of the only metro areas to grow its labor force since the Covid-19 pandemic began – continuing a decade of growth, according to The Downtown Denver Marketplace organization. This makes it an ideal location for us to develop a long-term client base,” explained Larry Diamond, CEO of Mitesco.
“We signed our first Denver location recently in a property developed by LMC, Lennar Corporation’s multi-family division, the fourth largest apartment developer in the U.S. With the new site at The Quincy we continue to align ourselves with developers that represent expansion potential nationwide. Shea Properties, the developer of The Quincy, is a diversified real estate company engaged in the acquisition, design, development, construction, leasing, and management of business parks, shopping centers, apartment communities, and mixed-use environments. Currently, Shea Properties owns and operates approximately 10,000 apartment units and 6 million square feet of office, industrial and retail space in California, Colorado, and Washington, with a strong pipeline of future projects, with potential to align with our growth strategy.”
The Quincy is a 28-story, 359-unit, luxury apartment community with stunning views, unparalleled amenities, and an iconic design. The amenities include a rooftop deck with a glass-sided swimming pool that hovers over the building's edge. A resident lounge, fitness center, yoga studio and first-class management complete the community. The building also includes 16,892 square feet of street-level retail space along Curtis Street. The newest location of The Good ClinicTM is a part of the retail development at the site. The Company expects the new location to be operating in the first quarter of 2022.
For additional news and information about The Good Clinic, go to: www.thegoodclinic.com.
Our Operations and Subsidiaries: The Good Clinic, LLC and Acelerar Healthcare Holdings Limited
The Good Clinic, LLC (www.thegoodclinic.com) is a wholly owned subsidiary of Mitesco N.A. LLC, the holding company for North American operations. The Good Clinic plans to build out a network of clinics using the latest telehealth technology with the nurse practitioner operating as its primary healthcare provider. It will begin in Minneapolis and plans to expand nationwide. Today, 23 states facilitate nurse practitioners practicing to the full scope of their skills and training. The executive team at The Good Clinic™ includes several of the key executives who brought Minute Clinic (previously known as Quickmedix) to scale, which was acquired by CVS in 2006.
Acelerar Healthcare Holdings Limited is the Company’s wholly owned, Dublin, Ireland-based entity for its future European operations.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate, "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will" or the negative of these terms or other comparable terminology and include statements regarding plans to open future The Good Clinics in Minnesota and Colorado and plans to expand The Good Clinic concept of care nationwide. These forward-looking statements are based on expectations and assumptions as of the date of the press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to expand The Good Clinic concept of care to additional locations as planned, our ability to obtain the capital needed to expand our operations, our ability to deliver on our mission of improving healthcare for patients around the world, and the other factors discussed in Mitesco, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Investor Relations Contacts:
Brian M. Prenoveau, CFA or Brooks Hamilton
MZ Group – MZ North America
561-489-5315
MITI@mzgroup.us
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