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HealthLynked to Acquire Cura Health Management and ACO Health Partners in Stock/Cash Deal
Thursday 13 February 2020

13 February 2020 - Florida, US-based healthcare network HealthLynked Corp (OTC: HLYK) has agreed to acquire Cura Health Management, LLC (CHM) and its wholly owned subsidiary Florida-based ACO Health Partners, LLC (AHP) to add revenue and profitability from its accountable care organisation division, the company said.
The acquisition cost of USD 1.75m was a combination of cash, HealthLynked common stock, and a four-year performance-based earnout.
This structure vests the two founders, Nicole Bradberry and Marsha Boggess, in the success of both the company's newly formed Accountable Care Organisation (ACO) Division and HealthLynked at large. The closing is targeted for the beginning of April 2020.
HealthLynked is building consumer-centric technologies that support portability as well as search and share operations for patients.
By starting its ACO Division with this acquisition, HealthLynked is able to acquire large numbers of patients due to the aggregation nature of ACOs as well as provide an underlying structure for clinical integration and data analytics that enables their success.
HealthLynked members will benefit from CHP's and AHP's extensive experience in quality care management, care coordination and value-based analytics, including programmes that enhance access to appropriate care while avoiding unnecessary costs to both the patients and the system, a tenet of the ACO model.
K and L Gates LLP is serving as legal counsel for the acquisition.
HealthLynked Corp. is a nationwide healthcare network focussed on care management of its members and a provider of healthcare technologies that connect doctors, patients and medical data.
Cura Health Management is a healthcare enablement company that empowers local market provider entrepreneurs to own and operate their own Value Service Organisations in a franchise like model that extends their reach and capabilities to maximise revenue, deliver quality care and improve patient outcomes.
ACO Health Partners is an Accountable Care Organisation, with providers all over the country, participating in the Medicare Shared Savings Programme.
Date Published: 13/02/2020
Target: Cura Health Management, LLC, ACO Health Partners
Country: USA
Deal Size: 1.75m (USD)
Sector: Healthcare
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Buyer: HealthLynked Corp,  
Buyer Advisor: K and L Gates
Terms of the deal were not disclosed