Revitalist Brings Together Impressive Team to Improve Mental Health
Ryan Allway
November 8th, 2021
Psychedelics, Top Story
Mental health disorders account for several of the top causes of disability in the U.S. and worldwide. In fact, 26% of Americans ages 18 and older—or about one in four adults—have a diagnosable mental disorder in a given year. In addition, nearly 10% of American adults will also suffer from a depressive illness, such as major depression, each year.
Let’s look at how Revitalist Lifestyle and Wellness Ltd. (CSE: CALM) (OTC: RVLWF) (FSE: 4DO) aims to tackle these problems with an impressive team and growing network of infusion clinics.
Taking a Unique Approach
Revitalist aims to address mental health disorders through a nationwide network of psychedelic-assisted psychotherapy clinics. As of September, the company has opened five clinics and signed letters of intent to expand its network to include ten additional facilities. These clinics provide short-term treatment via intensive outpatient programs.
According to Kentley Insights, the outpatient mental health industry generated over $25 billion in 2020 revenue and could grow at a 6.1% annual pace to reach $34 billion by 2025. As a first-mover in the space, Revitalist aims to build market share by providing some of the most cutting-edge treatments, such as ketamine IV infusions.
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The company’s clinics generate an average of $6,000 in revenue per patient, with three-quarters of that cost reimbursed by health insurance. These clinics offer IV ketamine infusions, ketamine-assisted psychotherapy, vitamin infusions, Spravato infusions, medical infusions, and transcranial magnetic stimulation (TMS) procedures.
Experienced Leadership
The success of any business depends on its leadership team. Fortunately, Revitalist has an impressive leadership team that’s well-qualified to grow the business over time. In addition to unparalleled medical expertise, the group includes veteran financiers and project managers that have a track record of growing $100M+ businesses.
Revitalist CEO Kathryn Walker, CRNA, SPMHNP
Chief Executive Officer Kathryn Walker, CRNA, SPMHNP, founded Revitalist in 2018. Since then, she has participated in thousands of infusions, leading an integrative team model of medical and mental health professionals. In particular, she has worked with clients considered treatment-resistant with chronic mood and pain symptoms.
Chief Medical Officer Dr. William Walker, MD, is a practicing physician with over 30 years of critical care and cardiothoracic experience. After serving as a Naval Commander in the military, Dr. Walker developed a profound appreciation for veteran mental health and remains committed to addressing mental health issues without contributing to the opioid crisis.
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VP of Operations Grant Whitfield has over 20 years of experience at private and public companies. Most recently, he helped grow a private $36M business to projected 2021 revenue of $219M as Director of Project Management. In the role, Mr. Whitfield was personally responsible for overseeing over $50M worth of accounts.
Chief Financial Officer Paul Ciullo is a 12-year veteran in senior corporate finance and accounting, holding numerous positions across Fortune 500 companies, including General Electric and Xerox. And VP of Finance Natasha Collins, CPA, CA, has managed ten public listings and participated in M&A and private placements worth over $180M.
Strong Supporting Team
The most successful companies also have strong advisory boards to help them navigate complex markets. To that end, Revitalisthas assembled a robust Advisory Board and Regulatory Board featuring medical experts across neuroscience, pain management, and other areas relevant to mental health treatments and therapeutics.
For example, the company’s Advisory Board includes Dr. Douglas Stofko, a board-certified neurosurgeon who provides specialized care for various brain and blood vessel conditions, including stroke, aneurysms, and tumors. The board also includes board-certified psychiatrist Dr. Ethan Bean and pain management specialist Dr. Jagdeep Gupta.
The company’s Regulatory Board includes Dr. Nick Kalynych, DNP, MSHS, CRNA, ARMP, a top nurse practicing since 1993, and five other specialists in anesthesiology, psychiatry, neurology, and other relevant fields where the company looks to have an impact. The group is uniquely positioned to help the business navigate complex regulatory frameworks.
Looking Ahead
Revitalist Lifestyle and Wellness Ltd. (CSE: CALM) (OTC: RVLWF) (FSE: 4DO) aims to revolutionize the mental healthcare market through a nationwide network of clinics providing intensive outpatient programs, including psychedelic-assisted psychotherapy. As a first-mover in a $25+ billion market, investors may want to take a closer look at the stock.
For more information, visit the company’s website or download their investor presentation.
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About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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