HealthLynked Corp. Strengthens Balance Sheet by Retiring Over $1 Million of Debt
4 years ago
NAPLES, Fla., Sept. 22, 2020 /PRNewswire/ -- HealthLynked Corp. (OTCQB: HLYK), a global healthcare network focused on care management for its members and a provider of healthcare technologies that connect doctors, patients and medical data, today announced that it has paid back $1,054,345 of additional debt.
George O'Leary, HealthLynked's CFO stated, "With the Company's strong cash position, we elected to prepay over $1 million of additional notes, significantly reducing the debt on our balance sheet." Mr. O'Leary continued, "This sends a strong message to the market that there will be no conversion of this debt into HealthLynked shares, which could have had a negative impact on our stock price. The removal of this debt strengthens our balance sheet, reduces downward pressure on our stock, and we believe will permit our stock to respond favorably to the Company's future growth." The Company has retired over $1.6 Million of debt during the month of September 2020. About HealthLynked Corp. HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. Members enter their medical information, including medications, allergies, past surgeries and personal health records, in one convenient online and secure location, free of charge. Participating healthcare providers can connect with their current and future patients through the system. Benefits to in-network providers include the ability to utilize the HealthLynked patent-pending patient access hub "PAH" for patient analytics. Other benefits for preferred providers include HLYK marketing tools to connect with their active and inactive patients to improve patient retention, access more accurate and current patient information, provide more efficient online scheduling and to fill last minute cancelations using the Company's "real time appointment scheduling" all within its mobile application. Preferred providers pay a monthly fee to access these HealthLynked services. For additional information about HealthLynked Corp., please visit www.healthlynked.com and connect with HealthLynked on Twitter, Facebook, and LinkedIn. Forward Looking Statements Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, including as a result of any acquisitions, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by our management, and us are inherently uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Certain risks and uncertainties applicable to our operations and us are described in the "Risk Factors" section of our most recent Annual Report on Form 10-K and in other filings we have made with the U.S. Securities and Exchange Commission. These reports are publicly available at www.sec.gov Contacts: George O'Leary Chief Financial Officer goleary@healthlynked.com (800) 928-7144, ext. 99 Investor Relations Contacts: Stephanie Prince PCG Advisory Group sprince@pcgadvisory.com 646-762-4518 Jim Hock Hanover International Inc. jh@hanoverintlinc.com 760-564-7400
