Mentor Capital, Inc. (OTC Markets: MNTR) announced that it has executed a long-term funding agreement to receive a current 50% ownership in Brighter Day Health, LLC, pending their expected shareholder approval. Brighter Day provides face-to-face doctor interaction through secure computer video set-ups for ultra-economic health care delivery at nursing homes and similar treatment facilities. Mentor Capital is to provide $5.0 Million in future growth funding for Brighter Day Health to continue its multi-state expansion plan.
"Reducing the cost and inconvenience of the routine or follow-up doctor visit for often challenged cancer or other patients is an obvious plus for all parties involved with a compromised patient," says Mentor Capital CEO, Chester Billingsley. Edward Mashek, the CEO of Brighter Day Health, explains, "Telemedicine is the fastest growing method of delivering face-to-face healthcare to patients in the United States. Brighter Day Health has been an early leader in this field and is partnering with Mentor Capital to finance our accelerated facility and video system additions."
The Brighter Day Health portfolio addition brings Mentor Capital cancer and financial assets to $10 Million from $1.0 Million in November 2011. Mentor has approximately 2.9 Million basic shares outstanding and has traded in the quarterly range of $0.10 to $0.26 per share.
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