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

2020 FEB 25 (NewsRx) -- By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News -- HealthLynked Corp (OTC: 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, 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.”

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