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CEO, founder invests $3 million into health care business

HealthLynked Corp. launched a COVID-19 tracker app in March.

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  • | 7:04 p.m. August 25, 2020
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File. HealthLynked Corp. Chairman and CEO Dr. Michael Dent
File. HealthLynked Corp. Chairman and CEO Dr. Michael Dent
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NAPLES — HealthLynked Corp. Chairman and CEO Dr. Michael Dent has made a $3 million equity investment into the company.

Using a cloud-based software platform, HealthLynked merges patients’ health records from a variety of sources into a comprehensive, portable, accurate health record instantly accessible by participating doctors who sign up to the HealthLynked hub. It’s free to patient members, with doctors/clients paying monthly, under a Software-as-a-Service model. HealthLynked is publicly traded, listed over the counter under the symbol HLYK.

"HealthLynked has become the first Global Healthcare Network and I believe HealthLynked is the future of health care,” Dent says in a statement. “I am very proud of the work that we have done to educate patients and improve health care around the world. The company has made great progress over the past 12 months and I see a bright future as we continue to innovate and deliver on our goals to connect patients and doctors around the world."

Over the past year, the company, according to the statement, has reached many significant milestones. For one, it recently reported a 49% increase in revenue from first half 2020 compared to the same period of 2019. Other milestones include:

• In January, HealthLynked released Cost Lynk, a nationwide pricing tool for medical services by zip code and by hospital, allowing patients to compare cost for common medical service;

• In March, it launched its COVID-19 tracker app, which was the No. 1 most downloaded medical app for the month in the Apple Medical Store, with over 3 million downloads worldwide;

• In May, it completed its acquisition of Cura Health Management, an Accountable Care Organization, allowing the company to receive revenue from Medicare through its shared saving program; and

• In June, it launched its HealthLynked University, an online resource to educate patients and healthcare providers on a wide range of important medical topics.

"We are so excited about Dr. Dent's commitment to the company and his confidence in the team to continue to execute our business plan,” HealthLynked CFO George O'Leary says in the statement. “This investment moves us that much closer to our plan to up-list to NASDAQ, provides us with working capital for the foreseeable future and gives us the ability to pay off existing debt and fund our next acquisition."



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