With a broken healthcare system, “Primary care is critical to maintaining health and caring for chronic illness. The U.S. system sorely lacks adequate primary care, which reduces the quality and increases the cost of care. Part of the solution is increasing the compensation of primary care providers,” as noted by Harvard Business Review. To help address the need, multi-specialty health companies are stepping in to help lower healthcare spending, and improve health outcomes. Some of the top companies to keep an eye on include Skylight Health Group Inc. (TSXV:SHG)(OTCQB:CBIIF), Oak Street Health Inc. (NYSE:OSH), WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF), 1Life Healthcare Inc. (NASDAQ:ONEM), and UnitedHealth Group Inc. (NYSE:UNH).
Skylight Health Group Inc. (TSXV:SHG)(OTCQB:CBIIF) BREAKING NEWS: Skylight Health Group Inc. is pleased to announce the appointment of Grace Mellis to the Company’s Board of Directors. Ms. Mellis has a robust background in strategy and finance leadership roles with over 28 years of success and experience:
- Almost a decade at JP Morgan Chase serving as Managing Director, Head of International Strategy, and Investor Services CFO for EMEA within the Corporate and Investment Bank.
- Former CFO and VP of Corporate Finance and Business Intelligence at Greendot Corporation, a US $3.1B market cap NYSE listed company.
- Founder and director of IGA Capital which provides consulting and advisory services to primarily early-stage companies.
- Mentor and investor with Techstars, a global start-up incubation platform.
- She holds an MBA from Harvard Business School and a BA from Harvard University.
"We are pleased to welcome Grace Mellis as a new independent director to the Skylight board," said Prad Sekar, Co-founder and CEO. "The addition of Ms. Mellis, who brings significant strategic management and finance expertise into her role as board member, complements our existing board of directors' skills and experiences, and offers a deep understanding of the US capital markets which we will utilize as a strategic resource as we continue to broaden our shareholder base. The US capital markets is looking for exposure to primary care clinics and I believe this story will be best received by American investors who understand first-hand this trillion-dollar healthcare opportunity.”
Ms. Mellis says, “I am honored to join Skylight in this exciting time and help to drive our expansion strategy forward and build deeper relationships with our practices and patients across the United States. I look forward to working with the skilled board of directors as we continue to execute our strategy, drive profitability and enhance value for all our shareholders."
Effective today, Skylight Health is also pleased to announce that it has retained PI Financial Corp. to provide market making services in accordance with TSX Venture Exchange policies. PI will trade the securities of Skylight Health on the TSX‐V for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $5,000 on a month-to-month term. Skylight Health and PI are unrelated and unaffiliated entities. PI will not receive shares or options as compensation. The capital used for market making will be provided by PI.
Other related developments from around the markets include:
Oak Street Health Inc. (NYSE:OSH), a network of value-based primary care centers for adults on Medicare, is expanding access to more older adults in Michigan with the opening of its newest center at 1663 S. Westnedge Avenue in Kalamazoo. The new center brings the number of Oak Street Health centers in Michigan to 11. “We are excited to expand access to our high-quality, value-based care to members of the Kalamazoo community with the opening of this new center,” said Tamara Jurgenson, Chief Growth Officer of Oak Street Health.“We care for the most vulnerable patients, the majority having two or more chronic conditions. As our organization continues its mission to rebuild healthcare as it should be, we look forward to improving patient outcomes in Michigan and helping older adults live their healthiest lives.”
WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to provide the following update related to its WELL EMR Group: WELL continues to grow the WELL EMR Group both inorganically and organically through ‘tuck-in’ acquisitions and strategic alliances that migrate clinics to WELL’s OSCAR Pro platform. WELL announces its acquisition of 100% of the issued and outstanding shares in the capital of Open Health Software Solutions Inc., an OSCAR(1) service provider to medical clinics primarily located in Ontario. During the last few months of 2020, WELL successfully transitioned all clinics from ClearMedica Corporation, formerly a certified OSCAR service provider, onto WELL’s OSCAR Pro platform. WELL has entered into a customer purchase agreement with a certified non-OSCAR EMR provider to migrate its clinics and physicians onto OSCAR Pro. This migration is expected to add several hundred more clinics to WELL’s EMR network.
1Life Healthcare Inc. (NASDAQ:ONEM) announced that Amir Dan Rubin, Chair & CEO, and Bjorn Thaler, CFO, will participate in the following upcoming investor conference: The 39th Annual J.P. Morgan Healthcare Conference which will include a presentation and fireside chat on Tuesday, January 12th at 8:40 a.m. (PT) / 11:40 a.m. (ET).
UnitedHealth Group Inc. (NYSE:UNH) will release its fourth quarter and full year 2020 financial results on Wednesday, January 20, 2021, before the market opens, and will host a teleconference at 8:45 a.m. ET to discuss the results with analysts and investors. This call will be webcast on the Investor Relations page of the company’s web site.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Skylight Health Group Inc. by a third party. We own ZERO shares of Skylight Health Group Inc. Please click here for full disclaimer.
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