$MITI Mitesco, Inc. Expands Board of Directors wit

$MITI Mitesco, Inc. Expands Board of Directors with Appointment of Healthcare Technology Veteran Sheila Schweitzer

https://www.globenewswire.com/news-release/20...itzer.html

MINNEAPOLIS, MN, June 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mitesco, Inc. (OTCQB: MITI) (“Mitesco” or the “Company”), a leading operator of wellness clinics that combines technology and customized personal care plans, announced the appointment of Ms. Sheila Schweitzer to its Board of Directors. Ms. Schweitzer has over 30 years of experience in the healthcare industry as a company founder, executive, investor and outside advisor.

Larry Diamond, Chief Executive Officer of Mitesco, said, “We believe that the implementation of technology along with professional healthcare services is the best approach to reducing the cost of healthcare while increasing quality for the benefit of the client. Sheila has founded successful healthcare technology companies, held senior leadership positions in healthcare and identified promising young healthcare companies as a private equity investor. We believe she can help us continue our growth trajectory and find additional long-term solutions for the enhancement of patient care.”

Sheila was COO for MedUnite from 2001 through 2003, a provider of electronic healthcare transaction processing services. From 2003 through 2009 she was CEO of CareMedic Systems, an industry leader in proactive financial management for hospitals and providers. CareMedic was acquired by Optum Insight in November 2009. From 2009 through 2011 Ms. Schweitzer was Senior Vice President of Strategy at OptumInsight, a part of United Healthcare Group, a provider of data, analytics, research, consulting, technology and managed services solutions to hospitals, physicians, health plans, governments and life sciences companies. From 2012 through 2017 Ms. Schweitzer was CEO of PatientMatters, LLC a healthcare Revenue Cycle Management Company. PatientMatters unifies disparate registration, bill estimation and financial services with intelligent workflows and eligibility services, improving revenue realization for hospitals. PatientMatters was acquired by First Source in December 2020.

As an investor, Ms. Schweitzer was a Co-Founder of Blue Ox Healthcare Partners in 2009, a private equity firm investing growth capital in commercial-stage healthcare companies. Blue Ox has led over $150 million of equity investments, including nearly $65 million of direct investments by Blue Ox. Ms. Schweitzer currently is an Executive Advisor with HLM Venture Partners.

Commenting on her appointment, Ms. Schweitzer said, “The team at Mitesco has the potential to be a leader in healthcare services. Mitesco is placing itself at the intersection of healthcare and technology to improve the consumer experience. Utilizing technology is an integral component of personalizing the healthcare experience and can aid in our focus on ‘whole-person’ healthcare. I look forward to joining the team and bringing my years of experience to this exciting and growing organization.”