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Skylight Health Group has successfully completed the acquisition of Rocky Mountain Health Care clinics in Colorado, enhancing its primary care network. The acquisition includes 7 locations in the Denver and Boulder areas and is expected to generate an annual revenue run rate of CA$56M. Skylight Health will pay CA$13,518,092 in cash, with 20% held back for future adjustments. The deal strengthens the company's market share in Colorado and supports its growth strategy, focusing on improving patient care and expanding its multi-disciplinary approach.
Skylight Health Group (TSXV:SHG; OTCQX:SHGFF) has been invited to present at the Life Sciences Investor Forum on March 25, 2021. The virtual event will feature live presentations and discussions for investors and industry professionals worldwide. Prad Sekar, Co-Founder and CEO, will present at 11:30 AM ET. Registration is free, and attendees are encouraged to pre-register. The forum aims to connect life sciences companies with investors, enhancing engagement through an interactive platform. Skylight Health operates a growing multi-state healthcare network across 16 states.
Skylight Health Group (TSXV:SHG; OTCQX:SHGFF) announced it has signed a definitive purchase agreement to acquire a Family Medical Practice Group with six locations in Colorado, anticipating closure by Q1 2021. The acquisition will add $20M in 2019 revenues and $3M in Adjusted EBITDA. This immediately accretive deal bolsters Skylight's infrastructure and expands its service range, including family medicine and COVID-19 testing. Forecasts indicate annual revenue run rate over $56M post-closure, with a $100M acquisition pipeline.
Skylight Health Group has appointed Patrick McNamee as the new Chairman of the Board, succeeding Norton Singhavon, who will remain on the Board. McNamee brings extensive experience, having previously served as EVP and COO at Express Scripts, significantly growing company revenues from $3B to over $120B. He is credited with leading multiple successful acquisitions and substantial market cap growth. His recent role involved turning around Health Insurance Innovations, boosting its share price from $4 to $58. McNamee aims to enhance Skylight Health's strategic direction during transformative industry changes.
Skylight Health Group (TSXV:SHG; OTCQX:SHGFF), a leading multi-specialty healthcare system in the U.S., will participate in the 33rd Annual ROTH Growth Conference from March 15-17, 2021. Co-Founder and CEO Prad Sekar will engage in investor meetings discussing their recent acquisition of three U.S. Primary Care practices, generating over $10M in revenue. The company projects an annual revenue run rate exceeding $56 million post-acquisitions. The event will feature significant networking opportunities with institutional investors.
Skylight Health Group (TSXV:SHG; OTCQX:SHGFF) announced plans to acquire three independent primary care practices in the U.S., projected to add over $10 million in revenue and positive EBITDA upon completion. The acquisitions, expected by early Q2 2021, will be financed through a mix of cash, debt, and shares. This move aims to enhance market penetration and support growth strategies, with a forecasted annual revenue run rate exceeding $56 million following these transactions. The company emphasizes careful acquisition selection for optimal pricing and integration.
Skylight Health Group has announced the appointment of Andrew Elinesky as its new Chief Financial Officer. Elinesky brings extensive experience from previous CFO roles in publicly traded companies, including his tenure at McEwen Mining where he managed substantial equity financings and led a notable asset acquisition. His expertise in mergers and acquisitions is expected to enhance Skylight's strategies in the US primary care market, focusing on profitability and shareholder value. The company has also issued stock options to Elinesky and employees, reflecting its commitment to aligning interests with its workforce.
Skylight Health Group, a leading multi-specialty healthcare system in the U.S., is hosting a virtual Key Opinion Leader (KOL) event on February 25, 2021, from 1:00 PM to 3:30 PM EST. The event will feature a corporate presentation by CEO Prad Sekar and discussions on crucial topics including future payment models, telemedicine, and a case study regarding a NASDAQ listing opportunity. The company recently received shareholder approval for resolutions related to its NASDAQ application, including the potential consolidation of shares up to 5:1. For more information, visit skylighthealthgroup.com.
Skylight Health Group Inc. (TSXV:SHG; OTCQX:SHGFF) has partnered with Amazon Web Services (AWS) to enhance its big data strategy, aiming to improve patient care and clinic efficiency. The collaboration allows Skylight to aggregate data from various sources, enabling insights to improve patient outcomes, increase engagement, and enhance operational efficiency. This initiative marks a significant step in Skylight's growth strategy, leveraging technology to identify care gaps and revenue opportunities. Skylight operates a multi-state healthcare network, serving over 155,000 patients across multiple service areas.
Skylight Health has appointed Jerry Oliphant as COO and Dr. Georges Feghali as CMO. Oliphant has 30 years in healthcare, notably at Atrium Health, and will drive operational efficiency. Dr. Feghali boasts over 30 years of clinical experience, previously doubling revenue at Emirates Hospitals Group. Skylight Health, operating in 16 states, focuses on improving patient outcomes through a multi-state health network and offers a subscription-based telemedicine service. Additionally, 260,000 stock options were granted to employees at an exercise price of $1.80.
