Telehealth provider eWellness Healthcare announces convertible debt consolidation strategy

eWellness Healthcare Corp (OTCMKTS:EWLL) announced Tuesday a convertible-debt-consolidation strategy to attract additional financing.

“If completed, this consolidation could have a positive effect to the company’s share price,” eWellness Chief Financial Officer said in a statement.

Shares of eWellness traded at $0.12 in Tuesday’s OTC Markets trading.

READ: eWellness eyes Georgia after state approves favorable telehealth bills

The Culver City, California, company is working to make its Phzio platform the leader in the new industry of digital telehealth physical therapy (dPT).

A goal is to demonstrate that a majority of future physical therapy treatments can be accomplished with a smart phone.

Earlier this month, eWellness said it was looking at Georgia as a market after its lawmakers signed off on a pair of telemedicine bills that permit out-of-state healthcare providers to deliver virtual care in state.

Contact Dennis Fitzgerald at [email protected]

Story by ProactiveInvestors