Supurva Healthcare Group, Inc. Acquires First Medical Office Building

Liverpool, New York,--(Newsfile Corp. - May 6, 2021) - Supurva Healthcare Group, Inc. (OTC Pink: SPRV) is proud to announce that the Company has acquired its first medical office building in Jupiter, Florida. John D. Murphy, the Company's CEO commented, "with the Company's acquisition of a free-standing medical office building, the Company is well positioned to becoming a leader in the fast-growing medical office building sector."

The medical office building ("MOB") is a two story 31,000 square foot facility built in 2016. The MOB is fully leased to a well-established multi-specialty medical practice. There are twelve years remaining on a triple net lease that contains a 2% per annum escalation clause.

The building is located off one of the main roadways in Jupiter, Florida. Jupiter, and Jupiter Island, are located approximately 20 miles north of Palm Beach and represent two of the wealthiest communities in Florida. Residents have significant disposable income making medical office buildings even more attractive.

Mr. Murphy went on to say that, "This MOB represents the culmination of our extensive research and due diligence of MOBs throughout the country. We are putting together a team to manage all aspects of the MOB. We anticipate significant cash flow from this acquisition, thus laying the foundation for future acquisitions."

Forward-Looking Statements and Disclaimers

This release may include "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements"). Future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Information that is based upon beliefs of, and information currently available to, the company's management as well as estimates and assumptions made by the company's management are forward looking statements. These statements can be identified by the fact that they do not relate strictly to historic or current facts. When used in this press release the words "estimate," "expect," intend," believe," plan," "anticipate," "projected" and other words or the negative of these terms and similar expressions as they relate to the company or the company's management identify forward-looking statements. Such statements reflect the current view of the company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the company's industry, its operations and results of operations and any businesses that may be acquired by the company. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's control, and that actual results may differ materially from those projected in the forward-looking statements. Except as required by applicable law, the company does not intend to update any of the forward-looking statements to conform these statements to actual results.

For additional information
(888) 448-3877
Email: investor@medicalsouthern.com
Website: https://sprvcorp.com
Twitter: https://twitter.com/sprvcorp

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83092

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