The U.S. healthcare system is broken. It’s fragmented. Healthcare costs have become unsustainable. Plus, your average primary is overloaded with 19+ patients a day. Making matters worse, only 55% of recommended preventative services are being delivered to patients. Plus, there’s limited patient care coordination between visits. And there’s limited access to additional services like home-based care, medication management, and behavioral health. To help change that, some health companies are providing a broader range of services not traditionally found under one clinic group. For example, some are able to provide services both physically and virtually at a lower cost to the patient. That’s creating opportunity for Skylight Health Group Inc. (CSE:SHG)(OTCQB:CBIIF), Oak Street Health Inc. (NYSE:OSH), WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF), 1Life Healthcare Inc. (NASDAQ:ONEM), and Jack Nathan Medical Corp. (TSXV:JNH).
Skylight Health Group Inc. (CSE:SHG)(OTCQB:CBIIF) BREAKING NEWS : Skylight Health Group Inc. , one of the largest multi-specialty healthcare systems in the United States, announced today that management will host virtual investor meetings during and after the virtual J.P. Morgan 39th Annual Healthcare Conference in January 2021.
To arrange a meeting, investors should contact Skylight Health’s US representative, John Evans, by email at investors@skylighthealthgroup.com or by phone at 415-309-0230.
Skylight Health recently announced a transformative acquisition bringing its annual revenue run rate to over $45 million and EBITDA run rate of $5.5 million, and strengthens the organizational team with a robust, centralized corporate infrastructure for national network.
Prad Sekar, CEO, Skylight Health will be updating investors about its strategic plans for 2021. “This is an exciting time for Skylight Health. Our most recent acquisitions should further strengthen our position in the US market to bring a one-stop shop approach to care for patients, and significantly reinforces our corporate infrastructure to further scale across other US markets,” said Mr. Sekar.
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).
Jack Nathan Medical Corp. (TSXV:JNH) announced its unaudited financial results for the third quarter ended October 31, 2020. Jack Nathan Health’s financial statements are prepared in accordance with International Financial Reporting Standards. “We went public at the end of Q3. This represents an important milestone for our long-term growth plans in supporting patients and how they access high-quality health care within their communities, through our relationship with Walmart. We are at an inflection point with a profitable, strong, and sustainable foundation. As a result, we are poised and well financed to materially scale and drive top and bottom-line growth,” said George Barakat CEO of Jack Nathan Health. “Over the coming year we plan to execute on our five key objectives to allocate funds strategically and drive shareholder value.
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