Skylight Health Group closed its Rocky Mountain Health Care clinics in Colorado as part of the group’s continued effort to streamline its business and cut costs to preserve cash.
“We have come to realize that we need to shed all of our loss-making businesses immediately to preserve the strong core business operating out of Florida,” said Prad Sekar, CEO and Co-Founder of Skylight Health Group. “In order to survive during the difficult capital market environment, we have put an emphasis on generating positive cash flow and working to reduce liabilities. This will be a difficult process, but our team is determined to do what it takes to ensure we remain solvent with a view to focus our energy on our strong core value-based care business.”
Skylight Health is a healthcare services and technology company, operating a multi-state primary care health network comprised of physical practices providing a range of services from primary care, sub-specialty, allied health, and laboratory/diagnostic testing. The company is focused on helping small and independent practices shift from a traditional fee-for-service model to value-based care. Read more.
