Skylight Well being Appoints Andrew Elinesky as Main Monetary Officer

TORONTO, Feb. 26, 2021 (World NEWSWIRE) — Skylight Well being Group Inc (TSXV:SHG OTCQX: SHGFF) (“Skylight Health” or the “Company”), 1 of the greatest multi-specialty health care systems in the United States, is pleased to announce the appointment of Andrew Elinesky as Chief Economic Officer.

Mr. Elinesky has a lengthy and distinguished occupation in Finance and has served as CFO for numerous publicly traded businesses in Canada and the United States. He arrives with sturdy cross-border industry working experience and specializes in M&A and consolidation.

• Previous SVP and CFO at McEwen Mining, a SEC registered multinational mining company outlined on the NYSE and TSX with houses and functions in Canada, Argentina, Mexico, and the United Sates. Mr. Elinesky created and applied all facets of enterprise money method, which includes respective disclosures and filings. He managed four fairness financings: US$75M of marketed bargains and US$25M of flow-via discounts and obtained a US$50M secured financial debt facility just after jogging a comprehensive globally bid course of action. On the M&A entrance, he led the execution of a $35M asset acquisition and took a guide function in a $40M company acquisition.

• Previously in his profession, Mr. Elinesky held several progressive Financial Accounting and Treasury Roles at important organizations like Heinz British isles, Diageo, and Worldcom British isles.

• Attended Oxford College where by he achieved his Bachelor of Science, Used Accounting. Chartered Expert Accountant (CPA, CGA) and Fellow of Affiliation of Chartered Qualified Accountants (FCCA).

• Treasurer and Board Member of Canadian Community for the Avoidance of Elder Abuse

“Andrew is the best addition to our management crew,” mentioned Prad Sekar, CEO and Co-Founder of Skylight Wellness. “He has executed multi-million-dollar credit card debt and fairness financings, and has a depth of awareness and practical experience with M&A. His strategic negotiation will be a wonderful asset for us as we continue on to consolidate the US major care current market, and his funds marketplaces practical experience will make sure we continue to be centered on profitability and shareholder price.”

Tale proceeds

“I have a superior diploma of self esteem in equally our quick- and extended-phrase options at Skylight Wellbeing,” said Mr. Elinesky. “I glance forward to constructing on this fantastic basis and operating carefully with the team as we proceed to prioritize our development.”

On top of that, the Organization has issued 200,000 alternatives to Elinesky and 75,000 alternatives to workforce at yesterday’s closing cost of $1.59 as aspect of its staff inventory solution approach.

About Skylight Health Team

Skylight Wellness Group (TSXV:SHG OTCQX:SHGFF) is a health care solutions and technological innovation business, doing the job to positively effects patient health results. The Company operates a US multi-condition health and fitness network that comprises of physical multi-disciplinary health-related clinics giving a variety of companies from primary treatment, sub-specialty, allied health and laboratory/diagnostic testing. The Enterprise owns and operates a proprietary electronic health file technique that supports the shipping and delivery of treatment to patients through telemedicine and other distant checking system integrations. With a client roster of over 155,000 sufferers, the Company’s operations servicing 16 states and carries on to grow in products and services and destinations both organically and by way of strategic acquisitions.

The Business primarily operates a standard insurable fee-for-company product contracting with Medicare, Medicaid and other Commercial Payors. The Firm also features a disruptive membership-centered telemedicine assistance for the un/below-insured populace who have limited access to urgent care because of to value.

For extra details, you should stop by www.skylighthealthgroup.com or get in touch with:

Investor Relations:
Jackie Kelly
[email protected]
416-301-2949

Currency Utilization, Cautionary and Forward-Seeking Statements

All forex contained in this Press Launch characterize Canadian Pounds except if in any other case said.

Statements in this news launch that are forward-wanting statements are topic to many pitfalls and uncertainties about the precise things disclosed here and in other places in Skylight Health’s filings with Canadian securities regulators. When applied in this information launch, text these kinds of as “will, could, prepare, estimate, count on, intend, might, prospective, believe that, should,” and very similar expressions, are ahead-wanting statements.

Forward-wanting statements may incorporate, devoid of limitation, statements concerning the Firm’s unaudited financial outcomes and projected progress.

Fiscal forecasts in this launch are primarily based on the latest income run level of Skylight Overall health, all of its not too long ago concluded acquisitions, and its pending acquisitions. This forecast is subject to the closing of any and all pending acquisitions, and effective integration of all its recent and long term acquisitions with out any reduction or interruptions of revenues in the course of the integration and transition system. The Business may revise this forecast from time to time and buyers should really not exclusively rely on this forward-wanting assistance when earning an financial investment choice.

Whilst Skylight Health has tried to determine essential elements that could trigger precise final results, general performance or achievements to vary materially from individuals contained in the forward-searching statements, there can be other variables that induce results, efficiency or achievements not to be as expected, approximated or supposed, which include, but not limited to: the capacity of Skylight Health and fitness to execute on its business enterprise method, continued revenue advancement in accordance with management’s expectations, operating fees continuing in accordance with management expectations, dependence on acquiring regulatory approvals Skylight Health getting equipped to locate, total and proficiently integrate concentrate on acquisitions modify in guidelines relating to well being treatment regulation reliance on management needs for more funding competitors hindering current market growth or other variables that might not at present be recognized by the Firm.

There can be no assurance that these info will show to be precise or that management’s expectations or estimates of future developments, conditions or success will materialize. As a final result of these dangers and uncertainties, the outcomes or gatherings predicted in these ahead-seeking statements may perhaps differ materially from real benefits or gatherings.

Appropriately, readers should really not put undue reliance on ahead-wanting statements. The ahead-looking statements in this news launch are designed as of the day of this launch. Skylight Wellness disclaims any intention or obligation to update or revise this kind of facts, except as necessary by applicable legislation, and Skylight Overall health does not suppose any legal responsibility for disclosure relating to any other company talked about herein.

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