One of the Top Ways to Fix a Broken U.S. Healthcare System

May 27, 2021 - Baystreet.ca


With a broken healthcare system in desperate need of repair, primary care companies have stepped in to help. Making matters worse, only 55% of recommended preventative services are being delivered to patients with the current healthcare system. Plus, there’s limited patient care coordination between visits. There’s also 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, including Skylight Health Group Inc. (TSXV:SHG)(OTCQX:SHGFF), Oak Street Health Inc. (NYSE:OSH), WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF), Privia Health Group Inc. (NASDAQ:PRVA), and Agilion Health Inc. (NYSE:AGL).

Skylight Health Group Inc. (TSXV:SHG)(OTCQX:SHGFF) Moving to the NASDAQ

Skylight Health Group Inc. (TSXV:SHG)(OTCQX: SHGFF) just announced that further to its press release dated May 13, 2021, it has received final approval from The Nasdaq Stock Market LLC (the “Nasdaq”) for the listing of its common shares which are expected to commence trading on the Nasdaq the week of June 7, 2021 under the symbol “SLHG”.

Skylight Health will retain its listing on The TSX Venture Exchange under the symbol “SHG” and will continue to trade to trade on the OTCQX under the symbol “SHGFF” until trading on the Nasdaq commences.

Other related developments from around the markets include:

Oak Street Health Inc.announced its plans to enter Oklahoma, Missouri and New Mexico, bringing its innovative model of care to thousands of new older adults across the country. The Company will open centers in Oklahoma City, Tulsa, St. Louis and Albuquerque this fall, increasing the number of states with Oak Street Health centers to 19. The significant expansion follows Oak Street Health’s recently announced entry into Georgia and Alabama this summer and Kentucky this fall. The Company also opened its first centers in Louisiana and South Carolina this spring. In total, Oak Street Health plans to enter eight new states and open 38-42 new centers by the end of 2021. This growth represents an expectation of an additional 1,300 to 2,100 new center-based team members and the capacity to care for up to an additional 147,000 new older adults.

WELL Health Technologies Corp. announced its fiscal first quarter financial results for the three months ended March 31, 2021. Hamed Shahbazi, Chairman and CEO of WELL commented, “We are very pleased with our results from Q1-2021, in which quarterly revenue increased by 150% compared to the same period last year and we surpassed C$100 million annualized revenue run-rate.  During Q1 we also announced the acquisition of CRH and subsequently closed the transaction in Q2, which puts us on track for an annualized revenue run-rate approaching $300 million.  CRH accelerates our revenue growth and significantly boosts our free cash flow, which will be used to make additional cash flow generating acquisitions.  I am also pleased to report that CRH, now operating as a stand-alone WELL business unit, is on track to meet its business plan goals to generate over US$150M in revenues and over US$40M in free cashflow before leverage and tax costs.”

Privia Health Group Inc. announced that it plans to release financial results for the first quarter ended March 31, 2021 after market close on Thursday, May 27, 2021. The press release will be released after 4:00 pm ET / 3:00 pm CT and will also be available on the Company’s Investor Relations website at ir.priviahealth.com. Privia Health management will host a conference call beginning at 5:00 pm ET / 4:00 pm CT on Thursday, May 27th to discuss the results and management’s outlook for future financial and operational performance. 

Agilion Health Inc., the company transforming health care for seniors by empowering primary-care physicians to focus on the entire health of their patients, announced results for the first quarter ended March 31, 2021. “We are pleased with our first quarter results, highlighted by 42% revenue growth and 35% membership growth. Including the retroactive group MA contract, same geography membership growth increased 15%, reflective of strong member retention and broad-based additions across all markets. Our aligned partnership model is resonating with physician groups and we began implementing six new geographies with approximately 49,000 members that will go-live in January 2022,” said Steve Sell, Chief Executive Officer. “With the completion of our initial public offering, we are well capitalized to support our growth strategy. We plan to use the proceeds to scale our platform, support growth of our existing physician partners, and partner with additional groups to help transform senior care in local communities across the country.”

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 Skylight Health Group Inc. We own ZERO shares of Skylight Health Group Inc. Please click here for full disclaimer.

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