HealthLynked Corporation Announces $2M Equity Investment
March 02 2021 - 8:00AM
InvestorsHub NewsWire
Naples, FL
-- March 2, 2021
-- HealthLynked
Corp. (OTCQB:
HLYK),
a global
healthcare network focused on care management of its members and a
provider of healthcare technologies that connects doctors,
patients,
and
medical data, today announced that a local family office from
Naples, Florida has made a $2,000,000 equity investment in
the company.
The company has
reached many significant milestones in the past several months,
including the following:
-
A 59%
increase in revenues in the September 30, 2020 year-to-date period
compared to the same period of 2019, even with the generally
negative impact of COVID-19 on the healthcare services
industry
-
$768,000
in shared savings revenue and a fourfold growth in covered Medicare
beneficiaries in the company's Accountable Care Organization
business
-
Completed
the acquisition of MedOfficeDirect, LLC in October 2020
-
Launched
Oohvie, a proprietary app focused on female health, in October
2020
-
Relocated
the corporate headquarters to the Arthrex Campus in November
2020
-
In
January 2021, announced the expansion of the women's health
business and the planned launch of Telemedicine in March
2021
-
In
January 2021, announced conversion of $1.3 million of debt to
equity, further
strengthening the
balance
sheet
-
In
January 2021, announced the upcoming Healthcare Summit "the Future
of Healthcare" to be held at the Arthrex campus
-
In
February 2021, HealthLynked announced the launch of CareLynk and
athenahealth marketplace platform
Dr. Michael Dent,
HealthLynked's CEO, stated "We are incredibly pleased to have the
support of a Naples based local family office, and they have
indicated a strong interest to make an additional investment at the
time of our planned up-listing to the Nasdaq exchange. Naples is a
great community and home to many innovative leaders across a wide
range of industries. I am excited to have the support from the
community in which HealthLynked is located and is working to
improve healthcare for both the local community and for patients
worldwide."
George O'Leary,
HealthLynked's CFO added, "This investment significantly
increases HealthLynked's
net
equity, moving us that much closer to our plan to up-list to
Nasdaq, provides us with
working capital, and gives us the ability to take advantage of
strategic opportunities."
About
HealthLynked Corp.
HealthLynked Corp.
provides a solution for both patient members and providers to
improve healthcare through the efficient exchange of medical
information. The HealthLynked Network is a cloud-based platform
that allows members to connect with their healthcare providers and
take more control of their healthcare. Members enter their medical
information, including medications, allergies, past surgeries and
personal health records, in one convenient online and secure
location, free of charge. Participating healthcare providers can
connect with their current and future patients through the system.
Benefits to in-network providers include the ability to utilize the
HealthLynked patent pending patient access hub "PAH" for patient
analytics. Other benefits for preferred providers include HLYK
marketing tools to connect with their active and inactive patients
to improve patient retention, access more accurate and current
patient information, provide more efficient online scheduling and
to fill last minute cancelations using the Company's "real time
appointment scheduling" all within its mobile application.
Preferred providers pay a monthly fee to access these HealthLynked
services. For additional information about HealthLynked Corp.,
please visit www.healthlynked.com and
connect with HealthLynked on Twitter, Facebook, and
LinkedIn.
Forward
Looking Statements
Forward-Looking
Statements in this press release, which are not historical facts,
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Our actual results,
including as a result of any acquisitions, performance or
achievements may differ materially from those expressed or implied
by these forward-looking statements. In some cases, you can
identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate,"
"believe," "estimate," "predict," "potential," "continue,"
"likely," "will," "would" and variations of these terms and similar
expressions, or the negative of these terms or similar expressions.
Such forward-looking statements are necessarily based upon
estimates and assumptions that, while considered reasonable by our
management, and us are inherently uncertain. We caution you not to
place undue reliance on any forward-looking statements, which are
made as of the date of this press release. We undertake no
obligation to update publicly any of these forward-looking
statements to reflect actual results, new information or future
events, changes in assumptions or changes in other factors
affecting forward looking statements, except to the extent required
by applicable laws. If we update one or more forward-looking
statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking
statements. Certain risks and uncertainties applicable to our
operations and us are described in the "Risk Factors" section of
our most recent Annual Report on Form 10-K and in other filings we
have made with the U.S. Securities and Exchange Commission. These
reports are publicly available at www.sec.gov.
Contacts:
George
O'Leary
Chief Financial
Officer
goleary@healthlynked.com
(800) 928-7144, ext.
103
William
Hayde
Capital Markets
Strategist
bhayde@healthlynked.com
(631)
403-4337
Investor
Relations Contacts:
Jim Hock
Hanover International
Inc.
jh@hanoverintlinc.com
(760)
564-7400
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