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TORONTO, May 20, 2022 (GLOBE NEWSWIRE) — Skylight Health Group Inc. (NASDAQ: SLHG: SLHGP; TSXV: SLHG) (“Skylight Health” or the “Company”), a multi-state primary care management group in the United States, announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9 .25% Series A Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) for the month of June 2022. The Series A Preferred Shares trade under the ticker symbol “SLHGP”.

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Pursuant to the terms of the Series A Preferred Shares, the Series A dividend will be payable in cash in the amount of $0.1927 per share on June 20, 2022 to registered shareholders of the Series A Preferred Shares on the record date of the dividend of May 31, 2022.

About Skylight Health Group

Skylight Health is a healthcare services and technology company, striving to positively impact patient health outcomes. The Company operates a multi-state primary healthcare network in the United States comprised of physical practices providing a range of services ranging from primary care, subspecialty care, allied health care and laboratory/diagnostic testing. The company is focused on helping small independent practices transition from a traditional fee-for-service (FFS) model to value-based care (VBC) through tools such as proprietary technology, analytics data and infrastructure. In an FFS model, payers (commercial and government insurers) reimburse using an encounter-based approach. This emphasizes the volume of patients per day. In a VBC model, providers provide care that aims to keep patients healthy and minimize unnecessary healthcare expenditures that are not proven to maintain patient well-being. This emphasizes quality rather than volume. VBC will lead to better patient outcomes, reduced delivery costs and improved financial performance of existing practices.

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Forward-looking statements

This press release may contain predictions, estimates or other information that may be considered forward-looking within the meaning of applicable securities laws. Although these forward-looking statements represent our current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our views only as of the date of this release. Please keep in mind that we do not undertake to revise or publicly release the results of any revisions to these forward-looking statements in light of new information or future events. When used herein, words such as “look ahead”, “believe”, “continue”, “build” or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements we have made herein are frequently discussed in our filings with securities regulators in Canada and the United States. , including the Securities and Exchange Commission, available at: www.sec.govand Canadian Securities Administrators, available at www.sedar.comand on our website at skylighthealthgroup.com.

For more information, visit our website or contact:

Investor Relations:
Jackie Kelly
[email protected]
416-301-2949

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.