MINNEAPOLIS, MN, July __, 2021-- via NewMediaWire -- Mitesco, Inc. (OTCQB: MITI) (“Mitesco” or the “Company”), a leading operator of wellness clinics that combine technology and customized personal care plans, has announced it has chosen Colliers, a leading professional services and investment management company, to lead its real estate efforts in support of its nationwide expansion. Colliers acquired Dougherty & Company – now Colliers Mortgage and Colliers Securities – to provide mortgage banking, loan servicing, mortgage brokerage, and investment banking services across 21 U.S. states.
Larry Diamond, CEO of Mitesco described the relationship, saying “We have known the Dougherty & Company group for years, as they participate in public company investment banking, are based in Minneapolis and have a healthcare focus within their banking and research groups. Dougherty became a part of Colliers in 2020, so when we evaluated a real estate firm to find, negotiate and manage our national expansion needs, Colliers was obviously the best choice. We already know and have a relationship with their investment banking executives, and the wide range of services they can provide to support our growth needs makes the Colliers team a perfect fit. We can keep our staff focused on the operating activities of our clinic businesses, and Colliers handles our site selection, negotiation and ongoing management needs, it’s a perfect match of organizational capabilities.”
“Colliers is excited about our newly formed relationship with Mitesco / The Good Clinic. They are an expansion driven organization with a need for a national network of strategically placed sites with concentration in key marketplaces. Given our shared entrepreneurial culture, commitment to data driven decisions and track record of excellence, our team will hit the ground running,” said Robert Whittelsey (Principal, Colliers Denver). “Our strategy and that of Mitesco / The Good Clinic are in sync. Colliers is at the forefront of the real estate industry backed by an exceptional record of success. We will lean on our experience and extensive suite of services to assist The Good Clinic to quickly become a leader in the healthcare industry”.
He continued, “Given the relationship already in place with our investment banking team, and their status as a publicly held company, it is a real win-win proposition, and demonstrates the strategic advantage that comes from having an experienced team like Colliers with our end-to-end commercial real estate services. We have a proven track record of building our business at a competitive pace by augmenting internal growth with smart strategic acquisitions that increase market share, expand service offerings and extend our geographic reach for the benefit of our clients and shareholders. With the former Dougherty banking team now fully integrated with our real estate team, a company like Mitesco / The Good Clinic gets the benefits allowing them to leverage our expanded services team.”
Our Operations and Subsidiaries: The Good Clinic, LLC, and Acelerar Healthcare Holdings, LTD.
The Good Clinic, LLC (www.thegoodclinic.com) is a wholly owned subsidiary of Mitesco N.A. LLC, the holding company for North American operations. The Good Clinic plans to build out a network of clinics using the latest telehealth technology with the nurse practitioner operating as its primary healthcare provider. It will begin in Minneapolis and plans to expand nationwide. Today, 23 states facilitate nurse practitioners practicing to the full scope of their skills and training. The executive team at The Good Clinic™ includes several of the key executives who brought Minute Clinic (previously known as Quickmedix) to scale, which was acquired by CVS in 2006.
Acelerar Healthcare Holdings, LTD. is the Company’s wholly owned, Dublin, Ireland-based entity for its future European operations.
About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than the statement of historical fact contained in this press release are forward-looking statements. In some case, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate, "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will" or the negative of these terms or other comparable terminology and include statements regarding plans to expand The Good Clinic concept of care to additional locations and its obtain funding for its capital needs, the expected contribution of Mitesco and its operating companies, The Good Clinic, LLC, and Acelerar Healthcare Holdings, LTD, being well positioned to deliver on their mission of improving healthcare, and working to improve quality, lower cost, and increase convenience for patients around the world. These forward-looking statements are based on expectations and assumptions as of the date of the press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to expand The Good Clinic concept of care to additional locations as planned, our ability to obtain the capital needed to expand our operations, our ability to deliver on our mission of improving healthcare for patients around the world, and the other factors discussed in Mitesco, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Investor Relations Contacts:
Brian M. Prenoveau, CFA or Brooks Hamilton
MZ Group – MZ North America
561-489-5315
