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Innovative MedTech Inc (OTCMKTS:IMTH) Appoints New CEO: Stock Falls

Jon Williams , , , ,

Provider of health and wellness services, Innovative MedTech Inc (OTCMKTS:IMTH) on June 1, 2022, announced that the Board of Directors has appointed Dr. Merle Griff as the company’s new CEO. Currently, the CEO of the firm’s SarahCare subsidiary, Griff will be succeeding Michael Friedman, who would continue to be the President and a member of the Board of Directors.

Market Stats     

On Wednesday, IMTH stock fell 16.73% to $2.04 with more than 561 shares, compared to its average volume of 413 shares. The stock moved within a range of $2.0400 – 2.9500 after opening trading at $2.95.

Innovative MedTech Appoints Senior Care Industry Leader Dr. Merle Griff as New CEO

A venerated industry veteran, Dr. Griff has experience of three and half decades including founding and managing SarahCare, the Company’s wholly-owned subsidiary.

Michael Friedman, President, and former CEO of the Company said that Dr. Griff is a leader with a distinguished track record. Friedman added that her expertise during the time of the company’s expansion will ensure strong execution and further the SarahCare platform.

Dr. Griff expressed excitement about leading the Innovative MedTech forward for the company as well as the industry. She said that working with the Board and the firm since the acquisition of SarahCare will help in achieving its mission and leading forward. The new CEO further said that the company has much potential on shaping the future of senior care both for technologies and centers. Dr. Griff is looking forward to working with the firm’s talented team on creating value for partners, participants as well as shareholders.

Key Quote

“Dr. Griff is a proven leader in senior care with a distinguished track record. After careful consideration, the Board concluded that now is the right time to make this leadership change to draw on Dr. Griff’s expertise during this critical period of the Company’s expansion into healthcare technology related to underserved markets, including elder and senior care. The Board is confident that Dr. Griff will ensure strong execution of the Company’s strategy to build and expand on its SarahCare platform and take advantage of the significant opportunities ahead,” said Michael Friedman, President and former CEO of the Company.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.