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LifeMD Announces Closing of $50 Million Revolving Credit Facility with Citizens Bank, N.A.
Globenewswire· 2026-01-06 13:30
Core Viewpoint - LifeMD, Inc. has successfully closed a new senior secured revolving credit facility with Citizens Bank, providing up to $50 million in total availability to support its growth initiatives and enhance financial flexibility [1][2]. Financial Details - The revolving credit facility has a maturity date of January 2, 2029, with $30 million of committed availability and an accordion option of up to $20 million [1]. - As of the closing date, LifeMD has not drawn any balance on the facility, indicating sufficient cash on hand and expected cash flow for its organic growth [1]. - The loans under the facility will bear interest based on either Term SOFR plus a spread of 150 to 225 basis points or the Alternate Base Rate plus a spread of 50 to 125 basis points [3]. - Fees on the committed unused portion of the facility range from 0.225% to 0.30%, depending on leverage, and there is no upfront fee for LifeMD [3]. Company Overview - LifeMD is a leading provider of virtual primary care and pharmacy services, offering telemedicine and access to laboratory and pharmacy services across more than 200 conditions [4]. - The company utilizes a vertically integrated digital care platform, a 50-state affiliated medical group, and a state-of-the-art compounding pharmacy to enhance access to high-quality and affordable care [4].
LifeMD Reschedules Third Quarter 2025 Earnings Release and Conference Call to November 17
Globenewswire· 2025-11-05 22:15
Core Points - LifeMD, Inc. has rescheduled its third quarter 2025 earnings release and conference call to November 17, 2025, due to identified corrections in revenue recognition [1][2] - The cumulative impact of these corrections is approximately $4.6 million, representing about 1.4% of cumulative revenue reported for the twelve months ended December 31, 2024, and six months ended June 30, 2025 [2] - The adjustments will not materially affect reported revenue results compared to guidance for the relevant reporting periods and will not impact the company's cash flow or cash position [2] Earnings Release Details - The earnings press release is expected to be issued around 4:05 p.m. Eastern time on November 17, 2025, followed by a conference call at 4:30 p.m. Eastern time [3] - Conference call details include a toll-free dial-in number (800-245-3047), an international dial-in number (203-518-9765), and a conference ID (LIFEMD) [3] Company Overview - LifeMD is a leading provider of virtual primary care, offering telemedicine, laboratory and pharmacy services, and specialized treatment across over 200 conditions [4] - The company utilizes a vertically integrated digital care platform, a 50-state affiliated medical group, and a state-of-the-art compounding pharmacy to enhance access to high-quality and affordable care [4]
X @Starlink
Starlink· 2025-06-19 20:36
Telemedicine & Connectivity - Starlink provides reliable high-speed internet to remote areas, enabling vital telemedicine services [1] - 19Labs highlights the successful implementation of telemedicine in Agua del Sol (population 840) using Starlink [1] Healthcare Impact - A mobile caravan equipped with general medicine, dental consults, and telemedicine is visiting Agua del Sol [1] - Telemedicine setup is fully functioning due to Starlink connectivity [1]