The Ethema Health (OTC: GRST) stock was in the news yesterday after the company made a major announcement with regards to its operations.
More importantly, the stock surged by as much as 31% after the announcement and it could be a good idea for investors to take a closer look. The company announced yesterday that its ARIA treatment facility located in Florida has been approved as a services provider to New Directions Behavioral Health.
In turn, it is also important to note that New Directions is engaged in taking care of behavioral health disorders for Blue Shield and Blue Cross. Ethema will be able to start generating bills for New Directions effective March 1, 2021. The fact that the company now has another major revenue generator is certainly a major development and the reaction to the news from investors was highly positive. Now it remains to be seen if the company can reach more such agreements in the coming months.