Wellness Clinic Operator Names Colliers for Real Estate Expansion
Mitesco, Inc., a leading operator of wellness clinics that combine technology and customized personal care plans, has chosen Colliers, a leading professional services and investment management company, to lead its real estate efforts in support of its nationwide expansion. Colliers acquired Dougherty & Company—now Colliers Mortgage and Colliers Securities—to provide mortgage banking, loan servicing, mortgage brokerage, and investment banking services across 21 U.S. states.
Larry Diamond, CEO of Mitesco described the relationship, saying “We have known the Dougherty & Company group for years, as they participate in public company investment banking, are based in Minneapolis and have a healthcare focus within their banking and research groups. Dougherty became a part of Colliers in 2020, so when we evaluated a real estate firm to find, negotiate and manage our national expansion needs, Colliers was obviously the best choice. We already know and have a relationship with their investment banking executives, and the wide range of services they can provide to support our growth needs makes the Colliers team a perfect fit. We can keep our staff focused on the operating activities of our clinic businesses, and Colliers handles our site selection, negotiation, and ongoing management needs, it’s a perfect match of organizational capabilities.”
“Colliers is excited about our newly formed relationship with Mitesco/The Good Clinic. They are an expansion-driven organization with a need for a national network of strategically placed sites with a concentration in key marketplaces. Given our shared entrepreneurial culture, commitment to data-driven decisions, and track record of excellence, our team will hit the ground running,” said Robert Whittelsey, principal, Colliers Denver. “Our strategy and that of Mitesco/The Good Clinic are in sync. Colliers is at the forefront of the real estate industry backed by an exceptional record of success. We will lean on our experience and extensive suite of services to assist The Good Clinic to quickly become a leader in the healthcare industry”.
He continued, “Given the relationship already in place with our investment banking team, and their status as a publicly held company, it is a real win-win proposition and demonstrates the strategic advantage that comes from having an experienced team like Colliers with our end-to-end commercial real estate services. We have a proven track record of building our business at a competitive pace by augmenting internal growth with smart strategic acquisitions that increase market share, expand service offerings, and extend our geographic reach for the benefit of our clients and shareholders. With the former Dougherty banking team now fully integrated with our real estate team, a company like Mitesco/The Good Clinic gets the benefits allowing them to leverage our expanded services team.”
Our Operations and Subsidiaries: The Good Clinic, LLC, and Acelerar Healthcare Holdings, LTD. The Good Clinic, LLC is a wholly-owned subsidiary of Mitesco N.A. LLC, the holding company for North American operations. The Good Clinic plans to build out a network of clinics using the latest telehealth technology with the nurse practitioner operating as its primary healthcare provider. It will begin in Minneapolis and plans to expand nationwide, including 10-12 clinics across the Colorado front range by the end of 2022.