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Bullboard - Stock Discussion Forum Skylight Health Group Inc SLHGF

Healthcare Technology Cannabis
Skylight Health Group Inc. is a Canada-based healthcare services and technology company. The Company operates a Florida-based primary care health network comprised of physical practices providing a range of services from primary care, sub-specialty, allied health and laboratory/diagnostic testing. The Company is focused on helping small and independent practices shift from a traditional fee-for... see more

GREY:SLHGF - Post Discussion

Skylight Health Group Inc > SLHG received $5M investment from multi-billion dollar firm
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Post by waves1 on Oct 27, 2022 4:39pm

SLHG received $5M investment from multi-billion dollar firm

Skylight Health ($SLHG.v $SLHGF) recently announced a strategic commitment of US$5M from a multi-billion dollar growth-oriented healthcare institutional investment firm in the US! 
 
The first tranche of $US$3.7M has already been completed, with the second tranche for the remaining US$1.63M expected to close within 30 days. This investment was structured to reduce dilution to shareholders while providing a significant buffer to execute on its vision.
 
The funds will be used to support SLHG on its path to profitability as SLHG has been growing its top line revenue, improving its EBITDA performance and has expanded its Medicare Advantage Plans leading to new membership expected for 2030. 
https://ca.finance.yahoo.com/news/skylight-health-announces-strategic-investment-110000541.html
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