Business
Mitesco Announces Opening of The Good Clinic at Nordhaus, Minneapolis; Expands Investment Outlook and Rollout Strategy
Mitesco Announces Opening of The Good Clinic at Nordhaus, Minneapolis; Expands Investment Outlook and Rollout Strategy.
About this update from Mitesco, Inc.
[{"type":"text","content":"\n MINNEAPOLIS, MN, Jan. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mitesco, Inc. (OTCQB: MITI) today announced that its new clinic subsidiary “The Good ClinicTM” expects to open its flagship unit in Minneapolis on February 1, 2021. The new clinic is located in the Nordhaus apartment complex, one of 52 multi-unit properties nationwide developed by Lennar Corporation. It houses 600 apartments with a target population of approximately 1,000 individuals. Larry Diamond, CEO of Mitesco, said, “While the opening of this first unit is exciting, more meaningful is the enthusiasm with which the market has embraced our direction, as demonstrated by a substantial increase in our shareholder base and market capitalization. This increased level has shown that the commitment of our early investors, and their insight, were well founded. We have new investment banking relations as a result of the market support, and with their contribution we expect to be able to affect our expansion plans which call for 50 units over the next 2-3 years nationwide, as always, subject to suitable financing and market conditions.” \"We are extremely pleased with The Nordhaus,\" added Michael Howe, The Good Clinic CEO. \"The facility design is welcoming, relaxing, and will provide a redefined primary care experience.  Our unique approach will establish The Good Clinic as an innovative healthcare organization.  Lennar management is an enthusiastic and supportive landlord that we expect to be a key player in our national expansion.\"  Kevin Smith, DNP, Chief Nursing Officer, shared, \"Our concept is grounded in the advantages of utilizing the professional expertise and empathy of Nurse Practitioners. Our focus is to provide the systemic support that will facilitate the rapid expansion of independent practice for this segment of Healthcare Providers.\" The Company has previously announced that it signed two (2) letters of intent providing for its expansion into the Denver, Colorado marketplace in conjunction with Lennar. Agreements with other developers in Minneapolis are underway, as is planning to open units in Florida and New York. Separately, the Company noted that its relationships now including investment banking firms whose operations include both institutional and retail investors. Diamond noted, “We bel...