Mitesco, which operates primary care clinics in the US, filed on Friday with the SEC to raise up to $17 million in an initial public offering. The company is currently listed on the OTC (MITI).
Mitesco is working to open primary care clinics around the US that are in residential centers and led by Nurse Practitioners, with a focus on wellness as a core of the practice. The company opened its first facility in Northeast Minneapolis, Minnesota in February 2021, and has since added two clinics to its portfolio. It plans to open four additional clinics in the Twin Cities area and two in the Denver, CO area in the 4Q21 and 1Q22. Mitesco's clinicians use both telehealth (virtual) and in-person visits, offering wellness coaching, behavioral health care, episodic care, dermatologic services, and supplements.
The St. Louis Park, MN-based company was founded in 2009 and plans to list on the Nasdaq under the symbol MITI. EF Hutton is the sole bookrunner on the deal. No pricing terms were disclosed.
