Jan 26, 2021 (Baystreet.ca via COMTEX) -- At the moment, the current healthcare system is in shambles. It’s still fragmented and broken. However, with the help of multi-specialty companies, that could soon change.
In fact, according to Peter Spring, a Managing Director at Bain Capital Double Impact, as quoted in a Multi-Specialty Healthcare press release, "Helping to expand Multi-Specialty HealthCare's patient-centered, multi-disciplinary approach presents a significant opportunity to improve access and quality of care to patients who struggle to navigate a complex healthcare system, which often leads to delays or inadequate treatment. We are excited to partner with the founders and the management team to support the Company's growth and scale its social impact in the communities it serves."
As one of the largest multi-specialty healthcare systems in the United States, the company submitted its formal application to list the Company’s common stock in the US on the NASDAQ Capital Market.
Skylight Health management believes up-listing to NASDAQ will:
- Provide additional opportunities to attract institutional and retail investors, allowing the Company to broaden its investor base in the United States and internationally.
- Increase the visibility of the Company, its growth strategy, accomplishments, and results to date.
- Accelerate growth and create a more attractive platform for enhanced M&A capability.
- Increase liquidity of the Company’s common shares; and
- Raise the Company’s overall profile and ultimately enhance shareholder value.
“We believe the Company is entering a heightened growth phase and the timing could not be better for up-listing our Shares to NASDAQ,” said Prad Sekar, Co-Founder and CEO. “Being in a position to list our common stock on the NASDAQ reflects the significant progress we have made in building our financial and liquidity standards, strengthening our corporate governance, and positioning the Company for future growth and profitability. This up-listing will provide us with a larger pool of investors that use the NASDAQ as a requirement for assembling a portfolio and allow us to broaden our offering to American investors who understand first-hand the trillion-dollar healthcare opportunity.”