HealthCare Solutions Management Group Inc (EM) (HSMD)

Coming back to life?

$HSMD Healthcare Solutions Management Group, Inc. Appoints Dr. Enrique Saguil to Head Advance Care Medical Comprehensive Urgent Care Centers in Illinois
Press Release | 12/21/2021
GLEN COVE, N.Y., Dec. 21, 2021 (GLOBE NEWSWIRE) -- Healthcare Solutions Management Group, Inc. (OTC: HSMD), under its operating company Healthcare Solutions Holdings, Inc. and its subsidiary Advance Care Medical Holdings, Inc, has hired Dr. Enrique G. Saguil MD, a licensed General Practitioner for Pennsylvania, Florida, and Illinois, with more than 30 years of experience. The Company will tap his expertise to head the Advance Care Medical Comprehensive Urgent Care Centers opening in Illinois.

Dr. Enrique Saguil has been a General Practice doctor in Libertyville, Illinois, where he has been affiliated with Advocate Sherman Hospital. Dr. Saguil received his MD from the University of the East College of Medicine. In addition to General Family Practice and Sports Medicine, Dr. Saguil supports Holistic Medicine and Integrative Medicine therapies like Acupuncture, Chiropractic, Meditation, Yoga, and Nutrition to enhance the health of patients.

"It's exciting to join the visionary Advance Care Medical team committed to innovating the optimal patient experience by partnering and supporting dedicated doctors, providing state-of-the-art therapeutic technology to enhance the patient experience," Dr. Saguil said.

Executive Chairman for Healthcare Solutions Management Group, Inc., Justin Smith said of the appointment, "Dr. Saguil is a seasoned leader who possesses an energy and variety of family practice skills which fit perfectly into our goal to offer a wide range of diagnostic and therapeutic services at our Advance Care Medical Comprehensive Urgent Care Centers in Illinois."

Dr. Enrique Saguil has already begun seeing patients and overseeing clinicians at our Advance Care Medical Comprehensive Urgent Care Center at 2975 Showplace Drive in Naperville, IL.

About HSH Medical

Healthcare Solutions Management Group Inc. (HSMD) is an integrated healthcare company committed to empowering physicians and clinicians with efficient state-of-the-art diagnostic and therapeutic tools, providing all patients access to advanced, affordable, comprehensive care. The Company operates through its wholly owned operating subsidiaries: Advance Care Medical Holdings, Inc. (ACM), HSH Surgical, Inc. (HSHS), and HSH Medical Services, Inc. (HSHMS). ACM offers walk-in urgent care services combined with traditional family practices. HSH Surgical is a physician-partnered development and management company of multi-specialty Surgical Ambulatory Regional Centers (SARC). SARC by HSH Surgical include ASCs with operating rooms complete with state-of-the-art cardiac catheterization labs to treat both heart and vascular diseases. HSH Medical Services (HSHMS) is the service division working with medical device distributors, laboratory, and pharmacy services for our growing centers. By creating a "one stop shop" to streamline processes for providers, clinicians will have more time to focus on patient care. The Company's vision is to facilitate a patient-centric, physician-driven company equipped to provide the best quality of healthcare in the 21st century.

Forward Looking Statements

This press release contains "forward-looking" statements. In particular, the words "believe," "may," "could," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this press release about an action, event, or development, are forward-looking statements. The forward-looking statements are only predictions and are subject to certain risks, uncertainties, and assumptions, many of which may be beyond control of the Company, which could cause actual results to differ from those in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, factors that cannot be predicted with certainty, as well as additional risks and uncertainties that are identified and described in the Company's reports filed with the Securities and Exchange Commission (the "SEC"). Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement except as required in accordance with applicable laws

Contact: IR @HSH medical.com, or call: 866-668-2188 or visit our website at www.HSHmedical.com

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Effective Nov. 26,2021 VRTYD will change to HSMD:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

And I pointed that out long ago when the terms of the RM were announced and detailed. The stock price headed down quite a bit and I got out in the .07 - .09 range after the terms of the merger became clear. But will watch how this unfolds. As you have pointed out there are some serious assets coming in here.
This is what happens when a company does a RS. It’s cleans the slate of current shareholders and starts anew.

TDA charges around $38.00 to "adjust" any shares held after a RS.

Another RS slap in the face to shareholders.

It was on the most recent filing…. So yes.

However obviously it was “cancelled”

Reverse split has been removed ...

has it?

VRTY: effective Oct. 29,2021 Verity Corp. will change to Healthcare Solutions Mgmt. Group Inc. and a one for 115 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

This is what happens when a company does a RS. It’s cleans the slate of current shareholders and starts anew.

They do have a crap ton of assets. Now that the question of the split is answered

Finally! We get to move forward sheesh!

1 for 115 REVERSE SPLIT EFFECTIVE FRIDAY MORNING. Divide your shares by 115.

Are peeps going to pay $8.00+ per share for VRTY starting tomorrow morning?

LOL....Right


https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Reverse split has been removed from latest filings.

Also, not holding any shares at the moment. Thanks though

Current shareholders get wiped out in this deal. and, as you pointed out here previously there is a Reverse Split (RS) hanging over this. I wouldn't touch this with a 10 foot pole

VRTY- Assets NOTE 4 – INVESTMENTS



As of June 30, 2021 and September 30, 2020 the balance of investments was $89,244,250 and $83,087,469 respectively. These investment are comprised of securities that trade frequently with quoted prices. The Company’s intention is not to trade these securities but rather to hold these securities to demonstrate that the Company has enough capital on hand to meet regulatory requirements for certain healthcare companies.



For the nine months ended June 30, 2021 and June 30, 2020 the Company recorded an unrealized gains on investments of $6,680,953 and 1,137,548 respectively.

VRTY-Revenue



For the three months ended June 30, 2021, we recorded $2,500,868 in revenue compared to $745,019 for the three months ended June 30, 2020



For the nine months ended June 30, 2021, we recorded $5,981,542 in revenue compared to $1,551,119 for the nine months ended June 30, 2020.

They are growing...

The company is completed merger in and SS has been updated. So the insiders received their shares.

Now we are sitting on a company with $92 million in assets, $430k cash in hand, and $2.5 million in revenue/sales last quarter.

VRTY

But previous VRTY shareholders do not have much of a stake in any newly capitalized entity, based on the prior filings.

Everything is setup now. Massive assets. Revenues.

This is a big company.

At HSH, our vision is to be healthcare's most customer-centric company, a place where physicians' offices can come to find state-of-the-art technology delivered with superior customer service that drives efficiency, allowing doctors to spend more time on what is most important - their patients. HSH seeks to help providers to deliver superior patient outcomes, improve diagnostic test accessibility, provide a patient centric experience, and reduce the cost of care.

Healthcare Solutions Holdings, Inc. ("HSH") is an integrated healthcare company which strives to provide vital services and a high-quality of care for patients over the course of their lifetime. HSH was organized with the goal of becoming an advanced, national healthcare system in the United States, providing clinicians with state-of-the-art diagnostic and therapeutic tools, and providing patients with greater access to a higher level of care in local communities that we believe have historically been underserved by the medical industry. HSH currently conducts directly through HSH, and in the near future intends to, conduct various, distinct operations through its to be formed wholly owned operating subsidiaries, within the medical industry, seeking to serve the needs of patients and physicians alike. Today's independent medical practices face an endless list of administrative, regulatory, and technological responsibilities resulting in less available time to serve patients. At HSH, our vision is to be healthcare's most customer-centric company, a place where physicians' offices can come to find state-of-the-art technology delivered with superior customer service that drives efficiency, allowing doctors to spend more time on what is most important - their patients. HSH seeks to help providers to deliver superior patient outcomes, improve diagnostic test accessibility, provide a patient centric experience, and reduce the cost of care.

little love here

will move

same crap as before

We are currently opening newly constructed and modern facilities throughout the United States and look forward to serving these communities. Our centers are opening soon in Arkansas, Georgia, Illinois, Tennessee, Texas, and Utah.


https://www.hshmedical.com/

VRTY

Yeah, but I don’t think that matters much. We need know about the RS

But, according to prior filings the old VRTY holders are not ending up with much in the way of an equity stake (less than 10% of the newly capitalized entity), given all the shares that are ending up with the new entity coming in and brining in the business.

$VRTY put the news on their LinkedIn



https://www.linkedin.com/posts/hsicorp_healthcare-solutions-holdings-announces-completion-activity-6790734326855299073-ZlLq

Not sure. The latest 8k doesn’t have a reverse split listed. So who knows at this point.

I’d this still a 200/1 r/s? When will our shares show the change?

VRTY Healthcare Solutions Holdings Announces Completion of Reverse Merger With Shareholders of Verity Corp.


https://finance.yahoo.com/news/healthcare-solutions-holdings-announces-completion-201500539.html

F/u question would be where will the new stock be priced. Unless it’s 200 then we lose out for sure.

Is this confirmed 1:200 split? If I sell now I’m at 50% loss. Seems better than the split.

Looks like only thing that changed was the date of the merger. RS still happening unless there was a PR I missed somewhere

What does that mean for us? I’m bout ready to sell at huge loss. Ugh

Current Report Filing (8-k)
https://ih.advfn.com/p.php?pid=nmona&article=84396925&symbol=VRTY

Still a reverse split on the table...

17% up, there is something going on

Same here. Goodbye sweet sweet garbage.

SLD 1727 VRTY HEALTHCARE SOLUTIONS MANAGEMENT GROUP INC

Whomever you are, thank you for purchasing my shares. Now I am 100% out of all all OTC and PINK stocks and will never purchase one again.

Someone is buying, so there must be value ?

That is a decision only you can make.

So better to sell now and try to cut losses?

Nothing positive IMO. It means that anyone currently holding VRTY shares will not end up with much, if anything, once the merger is consummated. 90% of the equity in the resulting company will go to the new entity (HSH), with 9% going to the receiver, Robert Stevens and his group, leaving only 1% for everyone else, i.e. all current holders of VRTY shares. Not to mention the 1-for-200 Reverse Split in the filing(s).
The aggregate Merger consideration to be paid to the holders of the HSH common stock at the effective time of the Merger will be an aggregate number of shares of the Company’s common stock constituting 90% of the issued and outstanding shares of Company common stock immediately following the closing.

At the effective time of the Merger, each share of HSH common stock issued and outstanding immediately prior to the effective time (other than shares canceled as provided in the Merger Agreement, if any), will be converted into shares of Company common stock, at an exchange ratio as required to cause the number of shares of Company common stock issued to the holders of the HSH common stock to be 90% of the issued and outstanding shares of the Company common stock immediately following the closing, which is currently expected to result in an exchange ratio of 127.33306 shares of Company common stock per share of HSH common stock (as ultimately so determined, the “Exchange Ratio”), with any fractional shares of Company common stock being rounded to the nearest whole share of Company common stock. The Exchange Ratio will be finally determined by the parties to the Merger Agreement prior to the closing.

As consideration for the services of Robert Stevens and his team, for acting as the court-appointed receiver for the Company and its predecessor and affiliated entities, and pursuant the Merger Agreement, the Company agreed to issue to certain parties as directed by Mr. Stevens, shares of Company common stock equal to 90% of the issued and outstanding shares of Company common stock prior to the closing, which will therefore constitute 9% of the issued and outstanding shares of Company common stock immediately following the closing (the “Receiver Shares”).

What does it mean for those of us with this stock?

http://archive.fast-edgar.com/20210120/ASZ2322CZ22F52P2222U2WZ2JVVNZZ286232/

They haven’t done one in a very very long time. The one I am referring too is in the filings.

Based on what i see, there has already been a revers split. Are they going to do another one?

Not only that. There is still a reverse split on file which hasn’t been canceled.

A crap ton of question marks

Agree. But, I believe if you read the filings carefully it confirms that existing shareholders of VRTY will end up with very little, if any, equity in a newly capitalized entity, and that the new entity bringing in the assets, capital and business will end up with the lions share of the equity. This is how these RM's into worthless shells work. The new company bringing in the value ends up owning the new entity and the shareholders of the shell get a tiny slice at most.