Numinus Wellness Announces Sale of Clinics and Unique Data Partnership to Increase Access to Mental Health Care
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Numinus Wellness has announced the sale of its U.S. wellness clinics to Stella for $3.53 million and a partnership to develop a technology-driven clinic management solution. This move aims to enhance clinic efficiency and support mental health care providers.
November 15, 2024 | 12:15 pm
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Numinus Wellness has sold its U.S. clinics to Stella for $3.53 million and entered a partnership to develop clinic management solutions, aiming to improve efficiency and reimbursement processes.
The sale of clinics provides Numinus with capital and an asset-light business model, while the partnership with Stella enhances its technological capabilities. This strategic move is likely to positively impact Numinus' stock in the short term.
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