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.
