Skylight Health Announces Series A Preferred Stock Cash Dividend
June 20 2022 - 12:06PM
Skylight Health Group Inc. (NASDAQ: SLHG: SLHGP; TSXV: SLHG)
(“Skylight Health” or the “Company”), a multi-state primary care
management group in the United States, announced that its Board of
Directors has authorized, and the Company has declared, a dividend
on its 9.25% Series A Cumulative Redeemable Perpetual Preferred
Shares (the “Series A Preferred Shares”) for the month of July
2022. The Series A Preferred Shares trade under the “SLHGP” stock
ticker symbol.
In accordance with the terms of the Series A
Preferred Shares, the Series A dividend will be payable in cash in
the amount of $0.1927 per share on July 20, 2022 to the
shareholders of record of the Series A Preferred Stock as of the
dividend record date of June 30, 2022.
About Skylight Health Group
Skylight Health is a healthcare services and
technology company, working to positively impact patient health
outcomes. The Company operates a US multi-state primary care health
network comprised of physical practices providing a range of
services from primary care, sub-specialty, allied health, and
laboratory/diagnostic testing. The Company is focused on helping
small and independent practices shift from a traditional
fee-for-service (FFS) model to value-based care (VBC) through tools
including proprietary technology, data analytics and
infrastructure. In an FFS model, payors (commercial and government
insurers) reimburse on an encounter-based approach. This puts a
focus on volume of patients per day. In a VBC model, the providers
offer care that is aimed at keeping patients healthy and minimize
unnecessary health expenditures that are not proven to maintain the
patient’s well-being. This places an emphasis on quality over
volume. VBC will lead to improved patient outcomes, reduced cost of
delivery and drive stronger financial performance from existing
practices.
Forward Looking Statements
This press release may include predictions,
estimates or other information that might be considered
forward-looking within the meaning of applicable securities laws.
While these forward-looking statements represent our current
judgments, they are subject to risks and uncertainties that could
cause actual results to differ materially. You are cautioned not to
place undue reliance on these forward-looking statements, which
reflect our opinions only as of the date of this release. Please
keep in mind that we are not obligating ourselves to revise or
publicly release the results of any revision to these
forward-looking statements in light of new information or future
events. When used herein, words such as "look forward," "believe,"
"continue," "building," or variations of such words and similar
expressions are intended to identify forward-looking statements.
Factors that could cause actual results to differ materially from
those contemplated in any forward-looking statements made by us
herein are often discussed in filings we make with the Canadian and
United States securities regulators, including the Securities and
Exchange Commission, available
at: www.sec.gov, and Canadian Securities
Administrators, available at www.sedar.com,
and on our website,
at skylighthealthgroup.com.
For more information, please visit our website or contact:
Investor Relations: Jackie
Kelly investors@skylighthealthgroup.com416-301-2949
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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