Stocks in play: Skylight Health Group Inc.
Announced its rebranding and corporate plan to address massive gaps and opportunities in the US trillion-dollar healthcare market. Prad Sekar, Chief Executive Officer of Skylight Health Group stated “ For the past 25 years, my co-founder Kash Qureshi and I have built successful and profitable healthcare operations. We are now on a path to becoming one of the largest multi-specialty healthcare system in the US. The Company also employs a growth-by-acquisition strategy. Acquisitions are attractively priced between 3 to 7 times EBITDA or in some cases, less than 1 times revenue. The Company has already demonstrated its ability to target, qualify and acquire with its two most recent transactions in October and November 2020 and a third deal already announced and set to close early 2021. Skylight Health Group Inc. shares C.SHG are trading up 1.49 percent at $0.68.
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