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LifeMD Appoints Dr. Joan LaRovere to its Board of Directors

Key Takeaway: LifeMD has appointed Dr. Joan LaRovere to its Board of Directors, enlarging the board to nine members, seven of whom are independent. Dr. LaRovere brings significant clinical experience, having worked at top hospitals and contributing to healthcare innovations. Her expertise in analytics and technology is expected to enhance LifeMD's mission of providing accessible virtual healthcare services. The company focuses on leveraging technology to improve patient care access.

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of Dr. Joan LaRovere brings extensive leadership and clinical expertise.
  • Dr. LaRovere's background in healthcare data and technology aligns with LifeMD's mission.
  • The expansion of the Board to include Dr. LaRovere strengthens LifeMD's governance.

Full Press Release Details

Appoints Dr. Joan LaRovere to its Board of Directors
YORK, February 10, 2023 - LifeMD,
Inc. (NASDAQ: LFMD), a leading direct-to-patient telehealth company, today announced the appointment of Dr. Joan LaRovere to its
Board of Directors. With Dr. LaRovere's appointment, LifeMD's Board will comprise nine directors, seven of whom are independent.
are pleased to welcome Dr. LaRovere to the LifeMD Board," said Justin Schreiber, Chairman and Chief Executive Officer of LifeMD.
"Dr. LaRovere's leadership and clinical experience at two of the top hospitals in the world, combined with her deep background
in healthcare data, analytics, machine learning, and artificial intelligence will be invaluable to LifeMD as we grow our business and
pursue our mission to increase access to high quality and affordable virtual care."
LaRovere is Director of Innovation and Outcomes and an Attending Physician in Cardiovascular Critical Care at Boston Children's
Hospital, as well as an Assistant Professor of Pediatrics at Harvard Medical School since 2011. Before then, she was Chief of Pediatric
Intensive Care and a member of the Children's Services Management Committee at the Royal Brompton Hospital in London, where she
was also a member of the faculty at Imperial College School of Medicine.
LaRovere is also the Co-Founder and Vice-President of the Virtue Foundation, an NGO with Special Consultative Status to the United Nations
that seeks to provide both short-term impactful and long-term sustainable development solutions to communities across the globe. She
is also an advisor and Delta V board member of the Martin Trust Center for MIT Entrepreneurship and a Healthcare Operating Partner with
iSelect Fund, a venture firm investing at the intersection of nutrition and healthcare. Dr. LaRovere holds a Bachelor of Arts in Visual
and Environmental Studies from Harvard University, a Master of Science in Genetics from the University of St. Andrews in Scotland, a
Doctorate in Medicine from Columbia University, and an MBA from the MIT Sloan School of Management.
have always been deeply passionate about using technology to expand access to affordable healthcare. I believe that LifeMD has built
a technology platform and affiliated medical group that will be a driving force in the next chapter of technology-enabled care in the
United States and maybe beyond," said Dr. Joan LaRovere. "I am excited to be part of the team and look forward to using my
experience in medicine, technology, and entrepreneurship to maximize the company's success."
is a 50-state direct-to-patient telehealth company with a portfolio of brands that offer virtual primary care, diagnostics, and specialized
treatment for men's and women's health, allergy & asthma, and dermatological conditions. By leveraging its proprietary
technology platform, 50-state affiliated medical group, and nationwide mail-order pharmacy network, LifeMD is increasing access to top-notch
healthcare that is affordable to anyone. To learn more, go to LifeMD.com.
Note Regarding Forward Looking Statements
news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended; Section
21E of the Securities Exchange Act of 1934, as amended; and the safe harbor provision of the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements contained in this news release may be identified by the use of words such as: "believe,"
"expect," "anticipate," "project," "should," "plan," "will,"
"may," "intend," "estimate," predict," "continue," and "potential,"
or, in each case, their negative or other variations or comparable terminology referencing future periods. Examples of forward-looking
statements include, but are not limited to, statements regarding our financial outlook and guidance, short and long-term business performance
and operations, future revenues and earnings, regulatory developments, legal events or outcomes, ability to comply with complex and evolving
regulations, market conditions and trends, new or expanded products and offerings, growth strategies, underlying assumptions, and the
effects of any of the foregoing on our future results of operations or financial condition.
statements are not historical facts and are not assurances of future performance. Rather, these statements are based on our current expectations,
beliefs, and assumptions regarding future plans and strategies, projections, anticipated and unanticipated events and trends, the economy,
and other future conditions, including the impact of any of the aforementioned on our future business. As forward-looking statements
relate to the future, they are subject to inherent risk, uncertainties, and changes in circumstances and assumptions that are difficult
to predict, including some of which are out of our control. Consequently, our actual results, performance, and financial condition may
differ materially from those indicated in the forward-looking statements. These risks and uncertainties include, but are not limited
to, "Risk Factors" identified in our filings with the Securities and Exchange Commission, including, but not limited to,
our most recently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and any amendments thereto. Even if our actual results,
performance, or financial condition are consistent with forward-looking statements contained in such filings, they may not be indicative
of our actual results, performance, or financial condition in subsequent periods.
forward-looking statement made in the news release is based on information currently available to us as of the date on which this release
was made. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future
events, or otherwise, except as may be required under applicable law or regulation.

Frequently Asked Questions

Who is the newly appointed director at LifeMD?

Dr. Joan LaRovere has been appointed to LifeMD's Board of Directors.

What is Dr. LaRovere's background?

Dr. LaRovere has experience in clinical leadership and healthcare analytics.

How many directors does LifeMD's Board have now?

LifeMD's Board now comprises nine directors, with seven being independent.

What is LifeMD's primary focus?

LifeMD focuses on providing affordable virtual healthcare through telehealth.

What roles does Dr. LaRovere hold outside LifeMD?

She is a director at Boston Children's Hospital and co-founder of Virtue Foundation.

Last updated: Feb 10, 2023