HLYK-NEWS..#1 COVID 19 STOCK https://stockcharts.com/h-sc/ui?s=hlyk
HealthLynked Corp. provides a solution for both patient members and healthcare providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take control of their medical information. Members enter their medical information, including medications, allergies, past surgeries and personal health records, in one convenient online secure location, free of charge. Participating healthcare providers can connect with their current and future patients. The benefits to our providers include the ability to utilize the HealthLynked patent pending Patient Access Hub "PAH" for patient analytics, marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling, and to fill last minute cancelations using our real time appointment scheduling mobile application. Healthcare providers pay a monthly fee to access these HealthLynked services. See video on youtube for good information on their business model. https://www.youtube.com/watch?v=DAVEe2dphAE&t=15s
Founder, Chairman & CEO Of $1.5 Billion NeoGenomics, Dr. Michael Dent, Now Leading HealthLynked To Even Bigger Growth In New Mushrooming $142 Billion Digital Health Market
https://www.sec.gov/Archives/edgar/data/16801...lynked.htm
HLYK Security Details
Outstanding Shares
118,349,492
03/20/2020
Restricted
73,061,228
03/20/2020
Unrestricted
45,288,264
03/20/2020
Held at DTC
44,207,310
03/20/2020
Float
33,125,262
WHY THE ALERT: (*SEE HIGHLIGHTS IN PR BELOW)
COVID 19 STOCKS ARE VERY HOT…not only is this a COVID19 stock, its technology is WHERE MEDICINE IS GOING do to all the social distancing and the way doctors are interacting with their patients..
HealthLynked Reports Third Consecutive Quarter of Record Year-Over-Year Revenue Growth of 131%
Naples, FL -- March 31, 2020 -- InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a provider of healthcare-related technology that connects doctors, patients and medical data, late yesterday reported its financial results for the quarter and year ended December 31, 2019, including a third straight quarter of record year-over-year revenue growth.
Fourth Quarter 2019 Compared to Fourth Quarter 2018: 131% increase in revenue in Q4'19 compared to Q4'18, increasing to $1,172,878 from $507,418 in Q4'18
"Our 10-K concludes a very successful year for HealthLynked in which our company grew 131% in the last quarter, as compared to the same quarter last year, and 78% annually", said Michael Dent M.D., the Company's Chairman and CEO. "We continue to grow our Health Services division and we have made significant progress in development and adoption of the HealthLynked Healthcare Network. Perhaps most significant is our contribution to tracking COVID-19 and deploying the HealthLynked Network on a global scale. The HealthLynked COVID-19 tracker has been the #1 trending most downloaded medical app in the Apple App Store with over approximately 1.65 million downloads in the past 3 weeks and approximately 80,000 users in the COVID-19 chat."
Dr. Dent went on to say, "The HealthLynked Network is uniquely positioned to monitor patients' symptoms, connect them to their healthcare providers and share important medical information for all patients. Our patient access hub "PAH" technology allows patients to check in from their smart phones to maintain social distancing and prevent the spread of COVID-19."
About HealthLynked Corp.
HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. Members enter their medical information, including medications, allergies, past surgeries and personal health records, in one convenient online and secure location, free of charge. Participating healthcare providers can connect with their current and future patients through the system. Benefits to in-network providers include the ability to utilize the HealthLynked patent pending patient access hub "PAH" for patient analytics. Other benefits for preferred providers include HLYK marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling and to fill last minute cancelations using the Company's "real time appointment scheduling" all within its mobile application. Preferred providers pay a monthly fee to access these HealthLynked services. For additional information about HealthLynked Corp., please visit www.healthlynked.com and connect with HealthLynked on Twitter, Facebook, and LinkedIn.
AND THIS NEWS ON FEB 11, 2020
HealthLynked Signs Definitive Agreement to Acquire Cura Health Management, LLC, and ACO Health Partners, LLC Adding Significant
Print
Alert
HealthLynked Signs Definitive Agreement to Acquire Cura Health Management, LLC, and ACO Health Partners, LLC Adding Significant Revenue and Profitability from its Newly Formed Accountable Care Organization Division
Naples, FL -- February 11, 2020 -- InvestorsHub NewsWire -- HealthLynked Corp (HLYK), a nationwide healthcare network focused on care management of its members and a provider of healthcare technologies that connect doctors, patients and medical data, today announced that it has entered into a definitive agreement to acquire Cura Health Management, LLC ("CHM"
and its wholly owned subsidiary ACO Health Partners, LLC ("AHP" . The acquisition cost of $1.75 million was a combination of cash, HealthLynked common stock, and a four-year performance-based earnout. This structure vests the two founders, Nicole Bradberry and Marsha Boggess, in the success of both the company's newly formed Accountable Care Organization ("ACO" Division and HealthLynked at large. The closing is targeted for the beginning of April 2020.
According to ResearchandMarkets.com, the Global Healthcare Data Analytics market is expected to grow from $19.6 billion in 2018 to $47.7 billion in 2024, a 16% compounded annual growth rate (CAGR). As opposed to Google's effort to gain access to millions of patient records from Ascension Medical Group without their patients' knowledge under "Project Nightingale," HealthLynked puts patients front and center in obtaining and sharing their medical records, called "personal health records," for themselves and their families. HealthLynked is building consumer-centric technologies that support portability as well as search and share operations for patients. By starting its ACO Division with this acquisition, HealthLynked is able to acquire large numbers of patients due to the aggregation nature of ACOs as well as provide an underlying structure for clinical integration and data analytics that enables their success.
"The acquisitions of CHM and AHP expand HealthLynked into our newly formed ACO Division and will significantly add to our profitability. CHM provides service contracts to ACOs around the country and AHP is a Jacksonville, Florida based ACO with 75 practitioners who use technology, care coordination, and care management to reduce healthcare costs and improve health outcomes for its Medicare patients," said Michael Dent M.D., HealthLynked's Chairman and CEO. "As we continue to expand our network and focus on improving care through our technologies, it was a logical step to embark upon our ACO Division, and we are confident that this will bring significant value to both our patient and physician members."
CHM and AHP Founder and CEO of the Florida Association of ACOs, Nicole Bradberry, stated "HealthLynked's ability to aggregate clinical patient data and share this data with both the patient and provider in a clinical setting backed by the actionable opportunities driven by ACO analytics and financial claims data is a true game changer to drive better outcomes and reduced medical cost. I am very excited about this partnership and how together we can penetrate the value-based marketplace with a truly differentiated model."
Benefits of the Transaction
Revenue and Profit Increase. The acquisition is expected to contribute approximately $2,250,000 of revenue and $500,000 in EBITDA in year one, increasing HealthLynked's consolidated revenues by 47% and reducing the company's current annual cash burn by over 50%.
Expansion into Accountable Care Organizations. CHM is a well-established national service provider and AHP is a well-established ACO in the Florida Market with a history of managing and supporting ACOs and receiving shared savings from the Centers for Medicare and Medicaid Services (CMS). In addition to Florida, AHP includes provider participants in North Carolina, New Jersey and Indiana. ACOs seek to reduce healthcare costs and improve health outcomes for Medicare patients using technology, care coordination and care management, making it an ideal acquisition for HealthLynked. The acquisition of AHP positions HealthLynked to engage in value-based reimbursement programs offered both by CMS and commercial payers.
Expansion of Healthcare Data Analytics. HealthLynked will draw on the best attributes from the acquisition to improve the quality of service for all our patient members, including our new ACO patients. AHP patient members will benefit from HealthLynked's digital technology that connects and analyzes their healthcare data to monitor care, reduce costs, and improve outcomes. HealthLynked members will benefit from CHP's and AHP's extensive experience in quality care management, care coordination and value-based analytics, including programs that enhance access to appropriate care while avoiding unnecessary costs to both the patients and the system, a tenet of the ACO model.
Four-year Consultancy Agreements with Nicole Bradberry and Marsha Boggess. The acquisition also includes four-year consultancy agreements with founders Nicole Bradberry and Marsha Boggess to head up our newly formed ACO Division. Ms. Bradberry and Ms. Boggess will also participate with the HealthLynked Board of Directors as Board Observers providing their expertise in ACOs and other value-based healthcare models, including Management Service Organizations (MSOs) and Clinically Integrated Networks (CINs).
Advisors
K&L Gates LLP is serving as legal counsel for the acquisition.
George O'Leary, Chief Financial Officer of HealthLynked stated, "This will be the second of numerous acquisitions for HealthLynked, now focused on:
• Data Driven Healthcare businesses – ACOs, MSOs and CINs
• MSOs – providing both management services and ACO quality care services to multiple physician practices and networks including those aggregated under a single tax ID.
• CINs – developing clinical integration for all providers participating in these models.
Our acquisition strategy is focused on purchasing high growth, profitable ACO and/or MSO businesses that complement our digital healthcare business growth by paying 4 times adjusted EBITDA, with 25% in cash, 50% in HLYK stock, and 25% in four-year performance-based payouts."
About HealthLynked Corporation HLYK
HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. Members enter their medical information, including medications, allergies, past surgeries and personal health records in one convenient online and secure location, free of charge. Participating healthcare providers can connect with their current and future patients through the system. Benefits to in-network providers include the ability to utilize the HealthLynked patent pending patient access hub "PAH" for patient analytics. Other benefits for preferred providers include HLYK marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling and to fill last minute cancelations using our "real time appointment scheduling" all within our mobile application. Preferred providers pay a monthly fee to access these HealthLynked services. For additional information about HealthLynked Corp. visit www.healthlynked.com and connect with HealthLynked on Twitter, Facebook, and LinkedIn.
https://www.healthlynked.com/presstype/health...z/2020/02/
Sheppard, Mullin, Richter & Hampton LLP OTCQX Sponsor
30 Rockefeller PlazaNew York, NY 10112-0015
SEC FILINGS: https://www.otcmarkets.com/stock/HLYK/disclosure
HealthLynked Corp. provides a solution for both patient members and healthcare providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take control of their medical information. Members enter their medical information, including medications, allergies, past surgeries and personal health records, in one convenient online secure location, free of charge. Participating healthcare providers can connect with their current and future patients. The benefits to our providers include the ability to utilize the HealthLynked patent pending Patient Access Hub "PAH" for patient analytics, marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling, and to fill last minute cancelations using our real time appointment scheduling mobile application. Healthcare providers pay a monthly fee to access these HealthLynked services. See video on youtube for good information on their business model. https://www.youtube.com/watch?v=DAVEe2dphAE&t=15s
Founder, Chairman & CEO Of $1.5 Billion NeoGenomics, Dr. Michael Dent, Now Leading HealthLynked To Even Bigger Growth In New Mushrooming $142 Billion Digital Health Market
https://www.sec.gov/Archives/edgar/data/16801...lynked.htm
HLYK Security Details
Outstanding Shares
118,349,492
03/20/2020
Restricted
73,061,228
03/20/2020
Unrestricted
45,288,264
03/20/2020
Held at DTC
44,207,310
03/20/2020
Float
33,125,262
WHY THE ALERT: (*SEE HIGHLIGHTS IN PR BELOW)
COVID 19 STOCKS ARE VERY HOT…not only is this a COVID19 stock, its technology is WHERE MEDICINE IS GOING do to all the social distancing and the way doctors are interacting with their patients..
HealthLynked Reports Third Consecutive Quarter of Record Year-Over-Year Revenue Growth of 131%
Naples, FL -- March 31, 2020 -- InvestorsHub NewsWire -- HealthLynked Corp. (OTCQB: HLYK), a provider of healthcare-related technology that connects doctors, patients and medical data, late yesterday reported its financial results for the quarter and year ended December 31, 2019, including a third straight quarter of record year-over-year revenue growth.
Fourth Quarter 2019 Compared to Fourth Quarter 2018: 131% increase in revenue in Q4'19 compared to Q4'18, increasing to $1,172,878 from $507,418 in Q4'18
"Our 10-K concludes a very successful year for HealthLynked in which our company grew 131% in the last quarter, as compared to the same quarter last year, and 78% annually", said Michael Dent M.D., the Company's Chairman and CEO. "We continue to grow our Health Services division and we have made significant progress in development and adoption of the HealthLynked Healthcare Network. Perhaps most significant is our contribution to tracking COVID-19 and deploying the HealthLynked Network on a global scale. The HealthLynked COVID-19 tracker has been the #1 trending most downloaded medical app in the Apple App Store with over approximately 1.65 million downloads in the past 3 weeks and approximately 80,000 users in the COVID-19 chat."
Dr. Dent went on to say, "The HealthLynked Network is uniquely positioned to monitor patients' symptoms, connect them to their healthcare providers and share important medical information for all patients. Our patient access hub "PAH" technology allows patients to check in from their smart phones to maintain social distancing and prevent the spread of COVID-19."
About HealthLynked Corp.
HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. Members enter their medical information, including medications, allergies, past surgeries and personal health records, in one convenient online and secure location, free of charge. Participating healthcare providers can connect with their current and future patients through the system. Benefits to in-network providers include the ability to utilize the HealthLynked patent pending patient access hub "PAH" for patient analytics. Other benefits for preferred providers include HLYK marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling and to fill last minute cancelations using the Company's "real time appointment scheduling" all within its mobile application. Preferred providers pay a monthly fee to access these HealthLynked services. For additional information about HealthLynked Corp., please visit www.healthlynked.com and connect with HealthLynked on Twitter, Facebook, and LinkedIn.
AND THIS NEWS ON FEB 11, 2020
HealthLynked Signs Definitive Agreement to Acquire Cura Health Management, LLC, and ACO Health Partners, LLC Adding Significant
Alert
HealthLynked Signs Definitive Agreement to Acquire Cura Health Management, LLC, and ACO Health Partners, LLC Adding Significant Revenue and Profitability from its Newly Formed Accountable Care Organization Division
Naples, FL -- February 11, 2020 -- InvestorsHub NewsWire -- HealthLynked Corp (HLYK), a nationwide healthcare network focused on care management of its members and a provider of healthcare technologies that connect doctors, patients and medical data, today announced that it has entered into a definitive agreement to acquire Cura Health Management, LLC ("CHM"
and its wholly owned subsidiary ACO Health Partners, LLC ("AHP" . The acquisition cost of $1.75 million was a combination of cash, HealthLynked common stock, and a four-year performance-based earnout. This structure vests the two founders, Nicole Bradberry and Marsha Boggess, in the success of both the company's newly formed Accountable Care Organization ("ACO" Division and HealthLynked at large. The closing is targeted for the beginning of April 2020. According to ResearchandMarkets.com, the Global Healthcare Data Analytics market is expected to grow from $19.6 billion in 2018 to $47.7 billion in 2024, a 16% compounded annual growth rate (CAGR). As opposed to Google's effort to gain access to millions of patient records from Ascension Medical Group without their patients' knowledge under "Project Nightingale," HealthLynked puts patients front and center in obtaining and sharing their medical records, called "personal health records," for themselves and their families. HealthLynked is building consumer-centric technologies that support portability as well as search and share operations for patients. By starting its ACO Division with this acquisition, HealthLynked is able to acquire large numbers of patients due to the aggregation nature of ACOs as well as provide an underlying structure for clinical integration and data analytics that enables their success.
"The acquisitions of CHM and AHP expand HealthLynked into our newly formed ACO Division and will significantly add to our profitability. CHM provides service contracts to ACOs around the country and AHP is a Jacksonville, Florida based ACO with 75 practitioners who use technology, care coordination, and care management to reduce healthcare costs and improve health outcomes for its Medicare patients," said Michael Dent M.D., HealthLynked's Chairman and CEO. "As we continue to expand our network and focus on improving care through our technologies, it was a logical step to embark upon our ACO Division, and we are confident that this will bring significant value to both our patient and physician members."
CHM and AHP Founder and CEO of the Florida Association of ACOs, Nicole Bradberry, stated "HealthLynked's ability to aggregate clinical patient data and share this data with both the patient and provider in a clinical setting backed by the actionable opportunities driven by ACO analytics and financial claims data is a true game changer to drive better outcomes and reduced medical cost. I am very excited about this partnership and how together we can penetrate the value-based marketplace with a truly differentiated model."
Benefits of the Transaction
Revenue and Profit Increase. The acquisition is expected to contribute approximately $2,250,000 of revenue and $500,000 in EBITDA in year one, increasing HealthLynked's consolidated revenues by 47% and reducing the company's current annual cash burn by over 50%.
Expansion into Accountable Care Organizations. CHM is a well-established national service provider and AHP is a well-established ACO in the Florida Market with a history of managing and supporting ACOs and receiving shared savings from the Centers for Medicare and Medicaid Services (CMS). In addition to Florida, AHP includes provider participants in North Carolina, New Jersey and Indiana. ACOs seek to reduce healthcare costs and improve health outcomes for Medicare patients using technology, care coordination and care management, making it an ideal acquisition for HealthLynked. The acquisition of AHP positions HealthLynked to engage in value-based reimbursement programs offered both by CMS and commercial payers.
Expansion of Healthcare Data Analytics. HealthLynked will draw on the best attributes from the acquisition to improve the quality of service for all our patient members, including our new ACO patients. AHP patient members will benefit from HealthLynked's digital technology that connects and analyzes their healthcare data to monitor care, reduce costs, and improve outcomes. HealthLynked members will benefit from CHP's and AHP's extensive experience in quality care management, care coordination and value-based analytics, including programs that enhance access to appropriate care while avoiding unnecessary costs to both the patients and the system, a tenet of the ACO model.
Four-year Consultancy Agreements with Nicole Bradberry and Marsha Boggess. The acquisition also includes four-year consultancy agreements with founders Nicole Bradberry and Marsha Boggess to head up our newly formed ACO Division. Ms. Bradberry and Ms. Boggess will also participate with the HealthLynked Board of Directors as Board Observers providing their expertise in ACOs and other value-based healthcare models, including Management Service Organizations (MSOs) and Clinically Integrated Networks (CINs).
Advisors
K&L Gates LLP is serving as legal counsel for the acquisition.
George O'Leary, Chief Financial Officer of HealthLynked stated, "This will be the second of numerous acquisitions for HealthLynked, now focused on:
• Data Driven Healthcare businesses – ACOs, MSOs and CINs
• MSOs – providing both management services and ACO quality care services to multiple physician practices and networks including those aggregated under a single tax ID.
• CINs – developing clinical integration for all providers participating in these models.
Our acquisition strategy is focused on purchasing high growth, profitable ACO and/or MSO businesses that complement our digital healthcare business growth by paying 4 times adjusted EBITDA, with 25% in cash, 50% in HLYK stock, and 25% in four-year performance-based payouts."
About HealthLynked Corporation HLYK
HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. Members enter their medical information, including medications, allergies, past surgeries and personal health records in one convenient online and secure location, free of charge. Participating healthcare providers can connect with their current and future patients through the system. Benefits to in-network providers include the ability to utilize the HealthLynked patent pending patient access hub "PAH" for patient analytics. Other benefits for preferred providers include HLYK marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling and to fill last minute cancelations using our "real time appointment scheduling" all within our mobile application. Preferred providers pay a monthly fee to access these HealthLynked services. For additional information about HealthLynked Corp. visit www.healthlynked.com and connect with HealthLynked on Twitter, Facebook, and LinkedIn.
https://www.healthlynked.com/presstype/health...z/2020/02/
Sheppard, Mullin, Richter & Hampton LLP OTCQX Sponsor
30 Rockefeller PlazaNew York, NY 10112-0015
SEC FILINGS: https://www.otcmarkets.com/stock/HLYK/disclosure
