Numinus Wellness Closes Sale of Clinics and Launches Initiative to Increase Access to Mental Health Care
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Numinus Wellness has sold its U.S. wellness clinics to Stella for $3.53 million, forming a data-sharing partnership to enhance mental health care management. This move allows Numinus to focus on its business units and product development, creating an asset-light model with improved clinical support and financial stability.
December 17, 2024 | 12:15 pm
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Numinus Wellness sold its U.S. clinics to Stella for $3.53 million, allowing it to focus on product development and creating an asset-light business model. This sale strengthens its balance sheet and enhances its focus on clinic efficiency and care reimbursement.
The sale of clinics provides Numinus with capital and allows it to focus on its core business units and product development. This strategic move is likely to improve its financial stability and operational efficiency, positively impacting its stock price.
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