Global Care Capital Portfolio Company, HealthView Achieves Second and Final Earn-Out Milestone
As of February 28th, 2021, HealthView achieved its second and final of two earn-out milestones by generating revenue.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, March 04, 2021 (GLOBE NEWSWIRE) -- Global Care Capital Inc. (CSE:HLTH, FRANKFURT: L6V1) (the “Company” or “Global Care”) a global investment company which engages in early stage investment opportunities in private and public companies is pleased to announce that its 100% owned portfolio company, HealthView Technologies Inc. (“HealthView”) has begun to generate revenue and has achieved its second of two earn-out milestones in accordance with the terms of the definitive agreement that was entered in connection with the acquisition of HealthView by the Company (the “Transaction”).
As of February 28th, 2021, HealthView achieved its second and final of two earn-out milestones by generating revenue. As a result, the Company will issue 10,000,000 common shares, (the “Earn-Out Shares”) to certain former HealthView shareholders at a deemed price of $0.09 per Earn-Out Share. The Earn-Out Shares will not be subject to any hold period under applicable securities laws.
In the COVID-19 era, Mental Health has become a huge focus. Individuals are struggling to find options to cope and organizations are searching for ways to support their employees. Long wait times and access have always been an issue. As the pandemic continues, people are feeling the weight of isolation on their mental health and instances of substance abuse are increasing. The work from home situation is also taking a toll on Canadians, creating the ‘Loneliness pandemic’1.
Pre-COVID-19, 80 per cent of Canadians were relying on their family doctors to support their mental health needs. But access to care requires private funding for outpatient services, which nearly a third of Canadians cannot afford.2
The HealthView platform provides access to Mental Health support 24-7 at affordable rates. Counsellors can be accessed online from a mobile device, computer or tablet as long as there is an Internet connection. With the HealthView platform, you can get help in the comfort and privacy of your home or office.
“We haven’t even begun to scratch the surface. There are millions of Canadians who can benefit from HealthView’s service. Our goal is to democratize access to Mental Health care in the most efficient way possible. Our counsellors cover the gamut of specialty areas including addiction, trauma, abuse, anxiety and life transitions,” said Trumbull Fisher, HealthView Technologies CEO.
HealthView’s vision is for happier, healthier and more productive employees, which in turn creates more profitable businesses and better social and economic outcomes for all. Nearly 4 out of 10 (39%) employers believe promoting or sponsoring digital health solutions will help with staff retention.3 89% of workers at companies that support well-being initiatives are more likely to recommend their company as a good place to work.4 Supporting the health and performance of your employees is not only good for business, it’s vital for growth.
Individuals and organizations who are interested in learning more about the HealthView offering should contact [email protected]
About HealthView Technologies
Healthview aims to be a global disruptor in the mental health and wellness space. Healthview provides wellness support and mental health solutions and services to both employer firms and employees. As the population continues to work remotely and from home, mental health and workplace wellness is becoming increasingly in more demand and more important than ever before. Healthview is an online solution and tool that employees and employment firms will be able to use to support wellness for their teams.
Website: www.healthview.io
About Global Care
Global Care Capital is a global investment company which specializes in providing early-stage financing to private and public companies. The Company engages in new, early-stage investment opportunities in previously underdeveloped assets and obtaining positions in early-stage investment opportunities that adequately reflect the risk profile.
Website: https://globalcarecapital.com/
GLOBAL CARE CAPITAL INC.:
Company Contact:
Alex Somjen, President & CEO
604-687-2038
The CSE does not accept responsibility for the adequacy or accuracy of this release.
The securities to be issued in connection with the Transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.
Cautionary Note
All information contained in this news release with respect to HealthView was supplied by HealthView for inclusion herein, and Global Care’s directors and officers have relied on HealthView for such information.
Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com
1 https://globalnews.ca/news/7589114/coronavirus-mental-health-work-from-home-covid-19/
2 https://www.toronto.com/news-story/10315709-access-to-mental-health-services-must-be-more-equitable/
3 www.cihi.cawww.onlinemedicalcare.org
4 www.cihi.cawww.onlinemedicalcare.org
