HealthLynked Acquires MedOfficeDirect, LLC

October 20, 2020

HealthLynked Corp. (OTC: HLYK) acquired MedOfficeDirect, LLC, a Naples, Florida-based virtual distributor of discounted medical supplies, in a transaction valued at up to $6.0 million. Consideration included $2.7 million of HealthLynked common stock at closing, $0.7 million cash and up to $2.6 million of additional stock contingent on revenue milestones; the acquisition is expected to contribute approximately $1.5 million of revenue in year one and expand HealthLynked's offering into discounted medical supplies for its patient and provider members.

Buyers
HealthLynked Corp.
Targets
MedOfficeDirect, LLC
Industry
E-Commerce
Location
Florida, United States
Transaction Type
Buyout

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