Mitesco Inc. Appoints Sheila Schweitzer Chairman of the Board and COO

MINNEAPOLIS, MN, June 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Mitesco, Inc. (OTCQB: MITI and www.mitescoinc.com) today announced that effective today, it has appointed Ms. Sheila Schweitzer, a member of the Board of Directors since 2021, to the position of Chairman, replacing Mr. Tom Brodmerkel, who has completed his term as Chair.  Mr. Brodmerkel will remain as CFO and Board member. Ms. Schweitzer was also appointed to the newly created position of Chief Operating Officer (COO), primarily responsible for directing the company’s recently emphasized acquisitions strategy with a focus on healthcare technology and services, as well as new potential clinic operations. Mr. Larry Diamond, CEO of Mitesco, stated his thanks to Mr. Brodmerkel for his support and guidance while Chairman. Mr. Diamond added his congratulations and thanks to Ms. Schweitzer and looks forward to working together to help in the re-start of Mitesco.

Ms. Schweitzer commented, “We believe there remains an insatiable need for healthcare technology and services. There exists the potential to form a multi-business entity consisting of complementary healthcare-related technology and services businesses with the potential for rapid growth. Where the venture capital and private equity participants may be stalled, to the extent that our public company status provides us with financing at acceptable terms, we will endeavor to add and grow those select opportunities.

“We have numerous current situations and welcome additional potential additions as presented. I look forward to announcing developments on this initiative, and new potential relationships soon.”

Ms. Schweitzer has over 30 years of experience in the healthcare industry as a company founder, executive, investor, and outside advisor. Most recently, from 2012 through 2017 she served as Founder and CEO of PatientMatters, LLC, a healthcare patient management company improving revenue realization for hospitals, Patient Matters was acquired by First Source in 2020. From 2003 through 2009 she was CEO of CareMedic Systems, an industry leader in proactive financial management for hospitals and providers. PatientMatters was acquired by Optum Insight in 2009.  From 2009 through 2011 she was Senior Vice President of Strategy at OptumInsight, a part of United Healthcare Group providing data, analytics, research, consulting, technology, and managed services solutions to hospitals, physicians, health plans, governmental and life sciences companies. From 2001 through 2003, she was COO for MedUnite, a provider of electronic healthcare transaction processing services.