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Skylight Health Group (TSXV:SHG; OTCQX:SHGFF) will present at the BTIG Virtual MedTech Conference from February 17-19, 2021. The CEO, Prad Sekar, is scheduled to speak on February 18 from 2:30 PM to 2:55 PM ET. This event attracts over 3,000 institutional clients and features nearly 100 corporate presentations and thematic panel discussions on critical healthcare topics such as Virtual Care and Sustainability. A video playback of the presentation will be available on the company's website post-event.
Skylight Health Group (TSXV:SHG; OTCQX:SHGFF) has appointed Paul Kulas as Senior Vice President of Operations. Kulas brings 28 years of experience in integrated healthcare systems, overseeing over 350 providers. His past role at St. Joseph Health Medical Group emphasized operational leadership. At Skylight, he aims to enhance clinic operations and increase profitability through technology and operational synergies. The company also granted 600,000 stock options at an exercise price of $1.50. Skylight operates a multi-state network of clinics and offers telemedicine services to 155,000 patients across 16 states.
Skylight Health Group (SHGFF) announced the acquisition of Florida-based River City Medical Associates (RCMA), enhancing its footprint to 16 U.S. states. The acquisition, valued at US$4.4 million, is expected to be accretive to earnings and adds $6 million in revenue and $1.35 million in EBITDA from RCMA, which operates 6 clinics. Following this transaction, Skylight forecasts a $46 million annual run rate. RCMA's founder will join Skylight as Market Lead in Florida, focusing on growth and expansion of services amid a supportive telemedicine environment.