Medholdings Group Inc. Acquires MedSmart Wellness Centers
Rhea-AI Summary
Med Holdings Group Inc. (OTC PINK:YUKA) has announced the acquisition of MedSmart Wellness Centers through its subsidiary, marking a significant expansion in the wellness sector. This strategic move adds over $2 million in total revenue and $4 million in assets to Med Holdings' portfolio. The acquisition strengthens the company's market presence and provides resources for ongoing growth.
CEO Jessica Miller expressed enthusiasm about the growth opportunities presented by this acquisition. Additionally, Med Holdings is engaging an independent auditor to conduct a full audit, aiming to meet reporting requirements and achieve full transparency as a fully reporting company. The acquisition also brings on board Dr. Adriana Cohen Schwartz, a Brazilian dermatologist, as a Cosmetic Injector for Botox and Fillers at MedSmart Wellness Centers.
Positive
- Acquisition adds over $2 million in total revenue to Med Holdings Group Inc.
- Acquisition includes $4 million in assets, expanding the company's reach
- Strengthens Med Holdings Group Inc.'s presence in the wellness sector
- Enhances operational footprint, providing resources for ongoing growth strategy
- Engaging independent auditor for full audit to achieve transparency as a fully reporting company
Negative
- None.
News Market Reaction
On the day this news was published, YUKA gained 53.85%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DENVER, CO / ACCESSWIRE / September 9, 2024 /
Med Holdings Group Inc. (OTC PINK:YUKA), a publicly traded company, announced the acquisition of Medsmart Wellness Centers through its subsidiary. This acquisition bolsters Med Holdings Group Inc.'s position, resulting in several data points of growth:
Over
Strategic move strengthens Med Holdings Group Inc.'s presence in the wellness sector.
Enhanced operational footprint provides resources for ongoing growth strategy.
Jessica Miller, CEO of Med Holdings Group Inc., expressed pride in the acquisition and highlighted the growth opportunities it presents. Furthermore, the company is engaging an independent auditor to conduct a full audit to meet reporting requirements and achieve full transparency as a fully reporting company.
MedSmart Wellness Centers is proud to welcome to our staff Dr Adriana Cohen Schwartz, a Brazilian dermatologist, assistant professor of residents in Dermatology in Sao Paulo, currently as our Cosmetic Injector to do Botox and Fillers for facial harmony
About Med Holdings Group Inc.
Med Holdings Group Inc. is a diversified public company specializing in health and wellness services through its subsidiaries, including the newly acquired Medsmart Wellness Centers.
For more information, please contact:
Investor Relations
Info@medsmartcenters.com
www.medsmartcenters.com
www.medholdingsgroup.com
Forward-Looking Statements
This press release may contain forward-looking statements. These statements are based on current expectations, estimates, and projections, and actual results may differ materially.
Contact Information
Jessica Miller
CEO
info@medholdingsgroup.com
786-438-3100
SOURCE: MedHoldings Group Inc.
View the original press release on accesswire.com
FAQ
What company did Med Holdings Group Inc. (YUKA) acquire on September 9, 2024?
How much revenue and assets did the MedSmart Wellness Centers acquisition add to Med Holdings Group Inc. (YUKA)?
What steps is Med Holdings Group Inc. (YUKA) taking to improve transparency?
Who is the new Cosmetic Injector at MedSmart Wellness Centers following the acquisition by Med Holdings Group Inc. (YUKA)?
