Skylight Health Group’s Common Shares to Begin Trading on Nasdaq on Monday, June 7, 2021 Under Symbol SLHG
June 04 2021 - 3:01PM
Skylight Health Group Inc. (TSXV:SHG; OTCQX: SHGFF) (“Skylight
Health” or the “Company”), a multi-state primary care management
group in the United States, is pleased to announce that the
Company's common shares will commence trading on June 7, 2021 on
the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol
"SLHG". The Company's Nasdaq listing is expected to increase access
to investment in Skylight Health from retail and institutional
investors globally. Furthermore, as a company with growing U.S
healthcare operations the Company believes that it is appropriate
for it to list on a U.S. exchange and have access to a much larger
capital market and expects to improve liquidity for its common
shares and, in turn, optimize its cost of capital.
In conjunction with the new Nasdaq symbol, the Company announces
that effective Monday, June 7, 2021, its common shares on the TSX
Venture Exchange will now trade under the new symbol “SLHG.” Upon
commencement of listing of the Company’s common shares on Nasdaq,
our common shares will no longer be quoted on the OTC Markets.
ABOUT SKYLIGHT HEALTH GROUP INC.
Skylight Health Group (TSXV:SHG; OTCQX:SHGFF) is a healthcare
services and technology company, working to positively impact
patient health outcomes. The Company operates a US multi-state
primary care health network comprised of physical practices
providing a range of services from primary care, sub-specialty,
allied health, and laboratory/diagnostic testing. The Company is
focused on helping small and independent practices shift from a
traditional fee-for-service (FFS) model to value-based care (VBC)
through tools including proprietary technology, data analytics and
infrastructure. In a FFS model, payors (commercial and government
insurers) reimburse on an encounter-based approach. This puts a
focus on volume of patients per day. In a VBC model, payors
reimburse typically on a capitation (fixed fee per member per
month) basis. This places an emphasis on quality over volume. VBC
will lead to improved patient outcomes, reduced cost of delivery
and drive stronger financial performance from existing
practices.
For more information, please visit
www.skylighthealthgroup.com or contact:
Investor Relations - Canada: Jackie
Kellyinvestors@skylighthealthgroup.com 416-301-2949
Investor Relations – USA:John
Evansjohn.evans@skylighthealthgroup.com 415-309-0230
Cautionary Statement Regarding Forward Looking
Information
Statements in this news release that are forward-looking
statements are subject to various risks and uncertainties
concerning the specific factors disclosed here and elsewhere in
Skylight Health's filings with Canadian and United States
securities regulators. When used in this news release, words such
as "will, could, plan, estimate, expect, intend, may, potential,
believe, should," and similar expressions, are forward-looking
statements.
Forward-looking statements may include, without limitation,
statements regarding the listing of our common shares on
Nasdaq.
Although Skylight Health has attempted to identify important
factors that could cause actual results, performance or
achievements to differ materially from those contained in the
forward-looking statements, there can be other factors that cause
results, performance or achievements not to be as anticipated,
estimated or intended, including, but not limited to: the ability
of Skylight Health to execute on its business strategy, continued
revenue growth in accordance with management's expectations,
operating expenses continuing in accordance with management
expectations, dependence on obtaining regulatory approvals;
Skylight Health being able to find, complete and effectively
integrate target acquisitions; change in laws relating to health
care regulation; reliance on management; requirements for
additional financing; competition; hindering market growth or other
factors that may not currently be known by the Company.
There can be no assurance that such information will prove to be
accurate or that management's expectations or estimates of future
developments, circumstances or results will materialize. As a
result of these risks and uncertainties, the results or events
predicted in these forward-looking statements may differ materially
from actual results or events.
Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking statements in this
news release are made as of the date of this release. Skylight
Health disclaims any intention or obligation to update or revise
such information, except as required by applicable law, and
Skylight Health does not assume any liability for disclosure
relating to any other company mentioned herein.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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