SHGFF - Skylight Health to acquire Family Medical Practice; immediate accretive to revenue

Skylight Health (SHGFF) entered into a definitive purchase agreement in escrow to acquire a Family Medical Practice with 6 Colorado locations.Transaction expects to close the transaction by 1Q21 and will add immediate incremental revenue; also will build the infrastructure to support Skylight's national network of clinics and further growth.Skylight Health forecasted annual revenue run rate expected to be $56M+ after closing of all announced transactions with $100M in acquisition pipeline.The company reported 2019 unaudited revenues of $20M and $3M in adj. EBDITA.

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Skylight Health to acquire Family Medical Practice; immediate accretive to revenue