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Stock impact report

LifeMD: WorkSimpli Divestment Creates Virtual Care Pure Play [Seeking Alpha]

LifeMD, Inc. (LFMD) 
Company Research Source: Seeking Alpha
The telehealth company has moved to fully divest WorkSimpli, receiving $22 million in cash upfront, and up to $28 million over three years if WorkSimpli achieves defined growth targets. Third quarter GAAP net loss improved from its year-ago level, with LFMD also moving to repay all its outstanding debt during the third quarter. ADragan/iStock via Getty Images LifeMD's ( LFMD ) divestment of WorkSimpli has simplified its operational footprint, will provide the company with up to $22 million in cash, and will see the ticker become a pure play virtual healthcare company. The common This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose Show less Read more
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