Primary care facilities are changing the fragmented healthcare system. At the moment, there exists a lack of coordination that often results in an inefficient allocation of resources. “Fragmentation adversely impacts quality, cost, and outcomes. Eliminating waste from unnecessary, unsafe care is crucial for improving quality and reducing costs-and making the system financially sustainable,” says The American Journal of Managed Care (AJMC). However, with the help of primary care, that’s starting to change. Major players like Walmart Health, according to Fierce Healthcare, have been building out clinics across the U.S., and even partnering with Oak Street Health. Even Amazon.com partnered with Crossover Health to launch health centers. Other primary companies quickly expanding include 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 UnitedHealth Group Inc. (NYSE:UNH).
Skylight Health Group Inc. (CSE:SHG)(OTCQB:CBIIF) BREAKING NEWS : Skylight Health Group Inc. announced today that 75% of investors who participated in the $0.15 financing, which closed September 25, 2020, have agreed to a voluntary lock-up, extending the hold period to March 31, 2021. 100% of insiders, including Merida Capita Partners, that participated in this round of financing have agreed to the same lock-up terms. These shares were previously subject to a free-trade date of January 25, 2021. This lock-up covers approximately 26,250,000 of the 35,000,000 shares issued, representing 75% of the shares issued.
“Extending the planned release of shares through this lock-up agreement from January 25, 2021 to March 31, 2021 demonstrates the overwhelming shareholder support for Skylight Health and their confidence in management’s ability to execute our long-term strategy,” said Prad Sekar, CEO & Co-Founder of Skylight Health. “We believe this new schedule will continue to enhance shareholder value in the coming quarter while we focus on our mission to be the leading health-care group in the.”
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.
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