Numinus Wellness sells U.S. clinics to Stella for $3.5M, in a partnership to develop tech-driven solutions for mental health providers.

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Numinus Wellness Sells US Clinics, Partners With Stella For Tech-Driven Mental Health Solutions - Numinus Wellness (OTC:NUMIF)

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Numinus Wellness Inc. (TSX: NUMI) (OTCQX: NUMIF) agreed to sell its five Utah clinics to psychiatric care provider Stella. The deal will also create a data-sharing partnership to develop clinic management software, as the struggling psychedelics company moves away from direct patient care. The Vancouver-based company agreed to sell the clinics, which specialize in ketamine therapy and Spravato treatments for depression and anxiety, for $3.53 mil…

Green Market Report

Numinus to sell five Utah ketamine clinics to Stella for $3.5M in tech pivot

newsbudz.com

Numinus Wellness (TSX: NUMI) is disposing of its US-based clinics in a transaction that is said to create an “asset-light business” while company focuses on business units and product development to “facilitate clinic efficiency and care reimbursement for mental health practitioners.” The sale will see the company let go of its five Utah-based clinics to Stella, which is an interventional psychiatry practice, in exchange for US$3.53 million. The…

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Numinus Sells Utah Clinics For US$3.53 Million

Numinus Wellness (TSX:NUMI) sells its five Utah wellness clinics to Stella for US$3.53 million
Numinus and Stella will collaborate to develop a technology-driven clinic management solution for mental health practices
Numinus focuses on its asset-light model, leveraging technology and data to improve clinic efficiency and patient outcomes
Shares of Numinus Wellness are down 31.25 per cent to C$0.055 as of 12:18 p.m. ET
Numinus Wellness (TSX: NUMI…

Numinus Wellness Sells US Clinics, Partners With Stella For Tech-Driven Mental Health Solutions - Numinus Wellness (OTC:NUMIF)

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