Brief: Mci Onehealth Provides Update On Ongoing Review Of Strategic Alternatives

Healwell Al

20/04/2023 12:59

April 20 (Reuters) - MCI Onehealth Technologies Inc
 DRDR.TO :
    * MCI ONEHEALTH PROVIDES UPDATE ON ONGOING REVIEW OF
STRATEGIC
ALTERNATIVES
    * MCI ONEHEALTH TECHNOLOGIES INC - NEGOTIATED TERMINATION OF
TWO
LEASES FOR CLINIC LOCATIONS NO LONGER IN USE
    * MCI ONEHEALTH - WORKING WITH ITS PROFESSIONAL ADVISORS AND
KEY
STAKEHOLDERS TO IDENTIFY POTENTIAL SOURCES OF ADDITIONAL DEBT
FINANCING
    * MCI ONEHEALTH TECHNOLOGIES -OVERALL REDUCTION IN PERSONNEL
OF
ABOUT 10%  SINCE BEGINNING OF YEAR
    * MCI ONEHEALTH-IDENTIFIED CERTAIN ASSETS PERIPHERAL TO
PRIMARY
BUSINESS LINES WHICH IT EXPECTS CAN BE SOLD IN SHORT-TERM TO
INCREASE AVAILABLE LIQUIDITY
    * MCI ONEHEALTH TECHNOLOGIES - BEGAN REALIZING COST SAVINGS
FROM
CLINIC CONSOLIDATION IN Q1 2023, SEES SAVINGS TO BECOME MORE
PRONOUNCED OVER THE YEAR
    * MCI ONEHEALTH TECHNOLOGIES INC -   STARTED TARGETED
SOLICITATION
PROCESS TO IDENTIFY POTENTIAL PURCHASERS FOR CERTAIN ASSETS ON 
EXPEDITED BASIS

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