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They continue to open more clinics and add to their multi speciality health care system in the US which serves 100s of thousands of patients and is only the beginning of a potentially gigantic opportunity in the trillion dollar health sector.
WSR interview next week which usually comes after news. Keep an eye out here.
passing 2020 Revenue of $WELL (WELL Health Technologies Corp) which is trading at $6 USD on $39M rev
One final note on acquisition - $SHG post transaction, cash on hand of approx. $12 million.
The short-term consolidation is natural for a stock that has had a massive run-up in a short amount of time, $SHG is a long-term hold as they continue to strategically acquire many more medical clinics across the US. I’ll be adding more shares at these levels.
They created telemedicine tech for clinics and now acquire clinics and convert their patients to value-based contracts. Telemedicine tech allows Skylight to instantly boost revenues of the clinics, before conversion begins!
There CEO spoke about it in an interview today.
Find out about how they are planning to grow into billion dollar business as they continue to acquire and consolidate existing clinical networks in the US.
https://www.youtube.com/watch?v=fZWxyqpl7O0
Saw a 4% jump today to close at $1.51 on solid volume. Expecting huge volume coming on once they make it to NASDAQ.
Wouldn’t be surprised if this sees $5 soon.
$SHGFF $SHG.v
- The Underwriters have agreed to purchase 8,572,000 common shares at a price of $1.40/Common Share
- $SHG plans to use the net proceeds to fund growth initiatives, such as executing its M&A strategy, and for general cooperate purposes
- The Offering is expected to close on/about May 26, 2021
https://skylighthealthgroup.com/2021/05/18/skylight-announces-12m-bought-deal-public-offering-of-common-shares/
Eagerly anticipating this hitting NASDAQ! With medical clinics spanning across 16 states in the US and providing care services to 150,000 patients annually, $SHG has huge growth potential long term.
Exciting step towards our expected NASDAQ listing!
https://www.youtube.com/watch?app=desktop&v=ndufuRyKpLM&ab_channel=StockFamTV