POST Online Media Lite Edition


Skylight Health to acquire U.S. clinic group with $3 million EBITDA

Christian Fernsby |
Skylight Health Group announced that it has entered into a Binding Letter of Intent (LOI) signed on January 6, 2021 to purchase 100% of the shares of a U.S. primary and urgent care clinic group in an arms-length acquisition.

Article continues below

Topics: SKYLIGHT HEALTH    U.S.   

For confidentiality reasons, the name and location of the group will remain undisclosed until the closing of the Transaction before the end of Q1 2021.

The planned acquisition of the Clinic expands the Company’s bricks and mortar and telemedicine services within one of the existing Skylight Health states.

The Clinic has been operating an established and fast-growing network of primary care clinics.

The group is actively credentialed with major insurance carriers.

Aligned with SHG’s multi-disciplinary strategy, the Clinic employs a multi-disciplinary approach to patient care management.

The Clinic has been successful in servicing Regional Health Systems with pre & post acute care, reducing emergency room visits and readmissions within the communities it serves.

The Clinic’s clinical staff mix includes physicians, nurse practitioners, and physician assistants.

What to read next

Walgreens to sell 56 Chicago-area clinics to Advocate
CVS Health to buy Target’s pharmacy and clinic businesses for $1.9bn
IBM buys everything that's health-related