Publicly held Nevada corporation, Puget Technologies (OTCMKTS:PUGE), which aspires to become an innovation-focused holding company, on September 10, 2021, announced entering into two more letters of intent for the acquisition of companies in the healthcare industry.
Florida BehavioralCenter, is an organization providing mental health services, through an experienced team of psychiatrists, case managers, mental health counselors and administrative staff. Some of the common mental health concerns include substance abuse, depression, trauma, anxiety amongst others.
The second Glades Medical Centers of Florida LLC is the successor in interest to Glades Medical Centers LLC, whose services include preventive primary care and treatment of illnesses and minor injuries.
The companies have given Puget a 90-day exclusive right for negotiating specific terms after conducting due diligence and the firms would become consolidated subsidiaries of Puget.
Karen Fordham, President, and CEO of Puget, said that the addition of the two healthcare companies to its portfolio will enable expansion of behavioral health and primary care capabilities ensuring the advancement of the healthcare service delivery system.
Fordham added that the ability to give larger services to patients can also ensure significant revenue growth and it is hoping to work with both executive teams for the delivery of high-quality patience service.
While FHS’s total revenues were $3.9 million and $4.1 million in the calendar year 2019 and 2020, GMC of Florida’s revenues stood at $700,000 and $500,000, respectively.