Business
True Nature Holding, Inc. DBA Mitesco, Inc. Announces New Nurse Practitioner Based Business Unit, Senior Team Comes With Acquisition
True Nature Holding, Inc. DBA Mitesco, Inc. Announces New Nurse Practitioner Based Business Unit, Senior Team Comes With Acquisition.
About this update from Mitesco, Inc.
[{"type":"text","content":"\n Denver, CO, March 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- True Nature Holding, Inc. DBA Mitesco, Inc. (OTCQB: TNTY) (the “Company” or “True Nature”) announced today that it is opening a new business aimed at empowering nurse practitioners to have their own independent primary care clinics in States where full practice authority for nurse practitioners is supported. The business assets that become the new venture were developed by a group of senior healthcare executives who previously brought to scale the business known as Minute Clinic, now a part of CVS. The Company completed the acquisition effective March 3, 2020, and the new venture is formalized through the formation of a subsidiary named MyCare, LLC, and will be based in Minneapolis, Minnesota.  In addition to the new operating entity, the Company has formed Mitesco N.A., LLC, which will house all North American operations. For European acquisitions, the Company has formed Acelerar Healthcare Holdings, LTD., which is based in Dublin, Ireland and will house all European acquisitions.  The Company has also filed for a name and stock symbol change with FINRA, changing the name from True Nature Holding, Inc. to Mitesco, Inc. with the requested stock symbol of “MITI”.  Other than the change of the Company name for marketing purposes, there are no other corporate actions planned. Regarding the MyCare, LLC acquisition, Larry Diamond, CEO of the Company who is based in Minneapolis, explained, “Globally, there is a looming shortage of primary care providers. Already, several countries and roughly 23 States in the U.S. have modified the laws and regulations which permit Nurse Practitioners to operate independent primary care practices. Nurse Practitioners focus on direct patient care, patient education and helping people to manage their health more effectively.  This shift in medical practice seeks to more quickly improve access to basic primary care and empower nurse practitioners to be leading-edge healthcare providers; and will change both the economics and outcomes for consumers. The team that will bring this business online has extensive experience in direct-to-consumer offerings, which we believe can allow for fast deployment and expansion both domestically and international...