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Mitesco, Inc. (symbol: MITI) is a development stage company dedicated to consolidating businesses within the compound pharmacy industry, serving human and veterinary markets. Beginning its operations in the Southeast, Mitesco aims to acquire compounders across the United States that align with its mission and vision. The company is committed to unlocking the potential of the compounding pharmacy sector to improve both human and animal health, meet unmet patient needs, enhance the dignity of skilled pharmacists, and build shareholder value through providing quality, cost-effective, and innovative healthcare products and pharmaceuticals worldwide.
Mission: To unlock the potential of the compounding pharmacy industry, improve health outcomes, and provide innovative healthcare solutions while building shareholder value.
Vision: To be globally recognized for best practices in quality, efficiency, and sustainability within the compounding pharmaceutical industry.
Recent Achievements & Current Projects:
- Full compliance with reporting requirements, including the completion of the Annual Report on Form 10-K.
- Engagement of Accell Group as their auditor to support compliance and review records effectively.
- Institutional investors' continued support through 12-month notes to secure funding needs.
- Ongoing evaluation of the company's capital structure to support both historical and new investors.
- Formation of a new Advisory Board to assist in evaluating potential acquisition candidates, including both private and publicly held entities.
- Strategic focus on technology, service, and product business candidates, with a view towards distributing dividends to shareholders from spin-outs.
Financial Condition: Mitesco is actively managing its financial structure, including the termination of a prior stock option program, cancellation of a reverse stock split, and adjustment of restricted stock dividends to protect common stockholders' interests.
Partnerships: Collaboration with Accell Group and support from institutional investors have been crucial in advancing Mitesco's key initiatives and compliance activities.
Future Prospects: With a strategy focused on both organic and acquisition growth, Mitesco aims to leverage its expertise in startups and turnarounds to create successful growth situations. The company is also exploring new initiatives in the data center market and cyber security services, intending to enter commercial, governmental, and utility markets.
Conclusion: Mitesco's dedication to providing high-quality, accessible, and affordable healthcare solutions underscores its potential to become a leading player in the compounding pharmacy industry. By focusing on quality, efficiency, and sustainability, Mitesco is positioned for long-term growth and shareholder value creation.
Mitesco, Inc. (OTCQB: MITI) announced its participation in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Larry Diamond will conduct one-on-one meetings with investors during the event. The company's focus is on expanding its wellness clinic operations, particularly through its subsidiary, The Good Clinic, which leverages telehealth technology. Mitesco aims to establish a nationwide network of clinics, with plans for future European operations through Acelerar Healthcare Holdings.
Mitesco, Inc. (OCTQB: MITI) announces the opening of its second clinic location, The Good Clinic, in Eden Prairie, Minnesota, as part of their expansion plan to establish 50 clinics across multiple states over the next three years. This new site follows the successful launch of their first location in February 2021 and is strategically located within the Elevate residential development.
The clinic aims to offer a range of health services, including primary care and chronic disease management, emphasizing a whole-person wellness approach that has gained positive community response.
Mitesco, Inc. (OTCQB: MITI) is expanding its The Good Clinic business by opening two new wellness clinics in the Minneapolis area, with the first set to open on September 7, 2021, and the second on September 27, 2021. The new locations will focus on preventive care, behavioral wellness, and chronic disease management, similar to the flagship clinic. Additionally, Mitesco is evaluating nine more locations in the Minneapolis/St. Paul and Denver areas. The expansion aims to enhance healthcare access through nurse practitioners and telehealth technology.
Mitesco, Inc. (OTCQB: MITI) announced a partnership with EF Hutton to address its capital needs for clinic expansion and acquisitions. EF Hutton, having raised over $2 billion in 2021, is set to support Mitesco's growth through new site builds and operational needs. Mitesco operates wellness clinics focused on personalized care and technology integration, including The Good Clinic and Acelerar Healthcare Holdings, targeting both North American and European markets. The press release emphasizes their mission to enhance healthcare access and convenience.
Mitesco, Inc. (OTCQB: MITI) has announced the expansion of The Good Clinic™ management team with Bradley Case as President, aiming to enhance growth through his extensive experience in health care finance and delivery. The clinic plans to implement innovative strategies, including telehealth technology, starting in Minneapolis and expanding nationally. Case's prior leadership roles at SymphonyCare™ and UnitedHealth Group underline his capability to drive operational execution and innovation.
Mitesco, Inc. (OTCQB: MITI) announced the lease signing for its third The Good Clinic™ location in Eden Prairie, MN, enhancing its expansion strategy in the Minneapolis area. This clinic will join the flagship site opened in February 2021 and another planned in St. Louis Park. The company aims to establish a total of six locations, focusing on a 'whole person' approach to healthcare. CEO Michael Howe emphasized the community's positive reception and the strategic plan for future growth.
Mitesco, Inc. (OTCQB: MITI) announced the appointment of Sheila Schweitzer to its Board of Directors, bringing over 30 years of healthcare experience. Schweitzer has held various leadership roles and founded several healthcare technology companies. CEO Larry Diamond emphasized the importance of integrating technology in enhancing cost-effective healthcare services. Mitesco aims to expand its wellness clinics, with The Good Clinic planning to launch in Minneapolis and nationwide. The company is well-positioned at the intersection of healthcare and technology, focusing on personalized care.
Mitesco, Inc. (OTCQB: MITI) announced that CEO Larry Diamond will present at the virtual LD Micro Invitational XI investor conference from June 8-10, 2021. The presentation is scheduled for June 10 at 5:00 p.m. EDT on Track 1. Investors can access the live audio webcast via a provided link. Mitesco focuses on operating primary care and wellness clinics, leveraging technology and personalized care. The Good Clinic, a subsidiary of Mitesco, plans to expand its network using telehealth technology, starting in Minneapolis and aiming for nationwide growth.
Mitesco, Inc. (OTCQB: MITI) is expanding its operations in the Twin Cities with a new The Good Clinic location in St. Louis Park, MN, set to open in late August to early September 2021. This site will focus on comprehensive, personalized primary care. CEO Michael Howe emphasized the clinic's commitment to wellness and community engagement. The company plans to establish six additional clinics in the greater metropolitan area, utilizing cutting-edge telehealth technology and nurse practitioners as primary care providers.
Mitesco, Inc. (OTCQB: MITI) has appointed Tom Brodmerkel as the new Chairman of the Board, marking a strategic shift towards expansion for its wellness clinic operations. Former Chairman Ronald Riewold will retire but remain as a strategic advisor, focusing on acquisitions. Brodmerkel brings extensive experience in healthcare services, previously working with United Healthcare and Coventry Health Care. This leadership change aims to enhance the rollout of The Good Clinic and leverage market opportunities for growth in a preventive care model.
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