MINNEAPOLIS, MN, June 09, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Mitesco, Inc. (OTCQB: MITI) (“Mitesco” or the “Company”), a leading operator of wellness clinics that combines technology and customized personal care plans, announced it has signed a lease for its third The Good Clinic™ location. The newest site is to be located at Elevate at the Southwest Station, a sophisticated, upscale, multifamily residential community in Eden Prairie, MN, located 12 miles southwest of downtown Minneapolis.
Commenting on the newest site location, Michael Howe, CEO of The Good Clinic, LLC, a wholly-owned subsidiary of Mitesco, Inc. said, “Our third The Good Clinic™ site is to be located in an ideal residential community. The Good Clinic™ focuses on providing primary care, preventive care, behavioral wellness, chronic disease management, immunizations, and other health services. The area’s dense population and the community amenities, all within a short walk of our clinic, serve as the ideal surrounding for our stores and services. We believe our ‘whole-person wellness approach to healthcare will be embraced quickly by local residents.”
The Company’s expansion plans for the Minneapolis marketplace include four (4) additional locations. Its flagship site, which opened in February 2021, is located at the Nordhaus development in downtown Minneapolis. The company’s second location is set to be built in St. Louis Park, MN.
“We have received a warm reception from the people of Minneapolis with our initial location and are excited about our buildout strategy for the Minneapolis metropolitan area,” Mr. Howe, stated. “We have mapped out a strategic plan for the area, and following the new Eden Prairie location, intend to open two additional sites in the Minneapolis suburbs and a St. Paul location, for a total of six locations,” explained Howe.
Our Operations and Subsidiaries: The Good Clinic, LLC and Acelerar Healthcare Holdings, LTD.
The Good Clinic, LLC (www.thegoodclinic.com) is a wholly owned subsidiary of Mitesco N.A. LLC, the holding company for North American operations. The Good Clinic plans to build out a network of clinics using the latest telehealth technology with the nurse practitioner operating as its primary healthcare provider. It will begin in Minneapolis and plans to expand nationwide. Today, 23 states facilitate nurse practitioners practicing to the full scope of their skills and training. The executive team at The Good Clinic™ includes several of the key executives who brought Minute Clinic (previously known as Quickmedix) to scale, which was acquired by CVS for $170 million in 2006.
Acelerar Healthcare Holdings, LTD. is the Company’s wholly owned, Dublin, Ireland-based entity for its future European operations.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than the statement of historical fact contained in this press release are forward-looking statements. In some case, forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate, “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” or “will” or the negative of these terms or other comparable terminology and include statements regarding the Company’s ‘whole person’ wellness approach to healthcare being embraced quickly by local residents in Eden Prairie, MN and the Company’s expansion plans for the Minneapolis marketplace. These forward-looking statements are based on expectations and assumptions as of the date of the press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to have the Company’s ‘whole person’ wellness approach to healthcare mbraced quickly by local residents in Eden Prairie, MN, our ability to expand The Good Clinic concept of care to additional locations as planned, and the other factors discussed in Mitesco, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investor Relations Contacts:
Brian M. Prenoveau, CFA or Brooks Hamilton
MZ Group – MZ North America