HealthLynked Achieves $500,000 Milestone in ACO Sale
Deal News | Nov 25, 2024 | Globenewswire
HealthLynked Corp., a healthcare technology and patient engagement company, has received a milestone payment of $500,000 from the sale of ACO Health Partners (AHP). This payment is part of the $3 million total gross proceeds from the sale agreement executed in January 2023. The payment represents HealthLynked's share of the shared savings generated by AHP's Accountable Care Organization during the 2023 performance period. Dr. Michael Dent, CEO of HealthLynked, indicated that the sale has fortified the company's focus on core healthcare technology. HealthLynked’s cloud-based platform aims to enhance healthcare delivery through personalized care management and AI-driven solutions. The press release also contains forward-looking statements that emphasize potential risks and uncertainties.
Sectors
- Healthcare Technology
- Healthcare Services
Geography
- United States – HealthLynked is based in Naples, Florida, and the article discusses activities related to companies operating in the United States.
Industry
- Healthcare Technology – HealthLynked operates in the healthcare technology sector, focusing on patient engagement solutions and personalized care management.
- Healthcare Services – The article mentions the sale of ACO Health Partners, which is involved in Accountable Care Organization activities, a part of healthcare services industry.
Financials
- $500,000 – Final scheduled payment from the sale of ACO Health Partners.
- $3,000,000 – Total gross proceeds received by HealthLynked from the sale of ACO Health Partners.
- $750,000 – Initial payment received from the sale of ACO Health Partners in January 2023.
- $1,750,000 – Participation-based payments received as part of the sale agreement of ACO Health Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HealthLynked Corp. | Seller/Target Company | Company | A healthcare technology company focused on patient engagement solutions. |
| ACO Health Partners | Asset Sold | Company | A company that was involved in Accountable Care Organization activities and was sold by HealthLynked. |
| Palm Beach ACO | Buyer | Company | The company that acquired ACO Health Partners from HealthLynked. |
| Dr. Michael Dent | CEO | Person | CEO of HealthLynked Corp. |