Healthcare Solutions Management Group Issues Correction Regarding False Media Coverage and Leadership Changes

Healthcare

Oct 31

NEW ORLEANS, October 31, 2023 (VSNewsNetwork.com) - Healthcare Solutions Management Group Inc. (OTCPK: HSMD), a private equity venture focused on developing a vertically integrated healthcare system, issued a correction to clarify material facts concerning recent false and misleading media coverage about its management and operations.

Joshua "Josh" Constantin was appointed as the Interim Chief Executive Officer and Chairman of the Board of Healthcare Solutions Management Group Inc. effective March 21, 2023. This marks the first occasion Mr. Constantin has held an executive or board position within the company. Prior to this appointment, he was involved with Healthcare Solutions as a consultant and employee but had not served in an executive capacity due to his other business ventures in the medical industry and real estate.

Mr. Constantin is currently the company’s largest individual creditor, a status that played a role in his appointment as an executive. In the past, he has been instrumental in securing property development agreements for the company. In 2021, he was a key player in an agreement to develop several hundred de-novo medical facilities, and in 2022, he successfully negotiated an additional agreement for the development of a medical campus in Texas.

In 2022, Healthcare Solutions faced a working capital shortage, restricting its growth and operational capabilities. This financial setback led to negative media coverage that included materially false and misleading information regarding the company's management and operations. Specifically, Mr. Constantin was wrongfully accused of being an executive during that period and was wrongly implicated in issues related to employee payroll. He had neither the executive role nor control over payroll at the time.

It is worth noting that Mr. Constantin, along with another founder and their associates, provided the financial assistance necessary to settle unpaid employee wages. Furthermore, Healthcare Solutions had already ceased the development of new facilities and closed all medical offices in late 2022, prior to Mr. Constantin's appointment as interim CEO.

For more information, visit www.hshmedical.com.

Source: Healthcare Solutions Management Group Inc. (OTCPK: HSMD) via Newswire