“Since inception we have been shaped as a holding company structure, with a goal to acquire, grow and ultimately, when appropriate, spin out maturing businesses to the shareholders as dividends. We will now put greater emphasis on that original goal and are looking at a number of smaller providers in the healthcare technology, services, and staffing areas that may represent excellent investing opportunities. We recognize the value of our large shareholder base, and years of experience as a public company, and we believe those attributes may prove helpful as other, less qualified groups with growth potential, seek financing alternatives,” said
“The benefit to technology and services offerings is that they may require far less capital that is needed to build out a network of clinic sites, both in facility costs and in staffing overhead. Again, thinking that the capital markets may well be tight going forward, we would like to seek situations that are cash flow-oriented, and less capital intensive, to balance our operations,” explained Diamond.
When asked about the clinic business unit, he commented, “As we noted late last year,
He continued, “The changes in the revised clinic approach may include a larger assortment of services, including cosmetic, personal care, diet treatment and support, physical therapy, chronic care, women’s health, and other services aimed at the consumer population. We are working diligently to wind down the locations that we do not intend to proceed with and make sure the locations going forward include a broader audience in both size and age. As to the number of sites, we intend to begin with one and gain confidence that the new product mix and staffing will generate the results we need. We expect this to operate on a much more limited funding approach, and we are still working with our investment bankers to ensure the capital is of the size and structure needed.”
The Company also notes that its Form 10K for the period ended
About The Good Clinic™
A wholly owned subsidiary of
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Contact:
Mitesco Investor Relations
jimmycaplan@me.com
512.329.9505
Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements related to the expected foreclosure of several of our clinics. Words such as “expects,” “anticipates,” “aims,” “projects,” “intends,” “plans,” “believes,” “estimates,” “seeks,” “assumes,” “may,” “should,” “could,” “would,” “foresees,” “forecasts,” “predicts,” “targets,” “commitments,” and variations of such words and similar expressions are intended to identify such forward-looking statements. We caution you that the foregoing may not include all the forward-looking statements made in this press release.
These forward-looking statements are based on the Company’s current plans, assumptions, beliefs, and expectations. Forward-looking statements are subject to the occurrence of many events outside of the Company’s control. Actual results and the timing of events may differ materially from those contemplated by such forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties. These risks and uncertainties include, among other things, the risk that the liens could result in defaults under the Company’s leases for the affected clinic locations; the risk that the amounts due under the leases could be accelerated; the risk that defaults under the Company’s leases could trigger other damages and remedies; the risk that commenced and threatened litigation may result in material judgements against the Company; the risk that foreclosure of the Company’s clinics may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that foreclosure of the Company’s clinics may negatively impact the Company’s business operations and reputation with or ability to serve customers; and other risks and uncertainties included in the Company’s reports on Forms 10-K, 10-Q, and 8-K and in other filings the Company makes with the
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