TORONTO, Aug. 13, 2024–(BUSINESS WIRE)–Jack Nathan Medical Corp. (TSXV: “JNH”; OTCQB: “JNHMF”), operating as Jack Nathan Health® (the “Company”), one of Canada's largest healthcare networks, announces that it is evaluating and exploring opportunities for strategic alternatives, including mergers and acquisitions (M&A). As part of this effort, a comprehensive data room will be provided to interested parties following qualification. More details will be provided by the Company at that time, if and when a transaction agreement is concluded.
Jack Nathan Health® is a pioneer in the healthcare industry, improving access for millions of patients by strategically locating physicians and ancillary medical services inside Walmart® stores. The company's innovative approach ensures superior patient care through dedicated, patient-centered physicians and a wide range of medical services, technologies and programs designed to prioritize patient health.
Founded in 2006, Jack Nathan Health® provides state-of-the-art turnkey medical centers and continues to expand internationally. Currently, the company operates 243 locations worldwide, of which 183 are corporately owned and operated. In Canada alone, the company owns 80 clinics within Walmart stores across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec, plus two freestanding locations for a total of 82 clinics. In addition, the company operates 22 corporate-owned clinics, of which three offer rehabilitation services and six offer MedSpa services.
In Mexico, Jack Nathan Health® operates 155 corporate-owned clinics within Walmart, five clinics within Walmart distribution centers serving Walmart Associates, and one multi-specialty clinic. The company is proud to recently announce the start of operations of its first medical center in Mexico City.
A comprehensive data room available post-qualification provides detailed information and opportunities to potential partners and other interested parties. We invite interested parties to explore the wealth of information and possibilities that Jack Nathan Health® has to offer.
About Jack Nathan Medical Corp.
Jack Nathan Medical Corp., operating as Jack Nathan Health®, is one of Canada's largest healthcare networks. Jack Nathan Health® is an innovative healthcare company that is improving access for millions of patients by conveniently co-locating physicians and ancillary medical services inside Walmart® stores.
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Jack Nathan Health® provides an exceptional level of patient care through patient-centered physicians and a variety of patient-first medical services, technologies and programs. Our mission is to provide everyone with access to the highest quality retail medical center with both in-house physicians and digital telehealth so you and your loved ones can live “Your Best Life.”
Founded in 2006, Jack Nathan Health® continues to expand its international footprint, delivering state-of-the-art, turnkey medical centers of excellence in 243 locations worldwide, of which 183 are company-owned and operated. In Canada, the company operates 82 clinics in 80 Walmart locations and two freestanding locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. There are currently 22 company-owned and operated clinics, including three with rehabilitation services and six with MedSpa services. In Mexico, there are 155 company-owned and operated clinics in Walmart locations, five clinics in Walmart distribution centers serving Walmart Associates, and one multi-specialty clinic. Jack Nathan Health, Mexico recently began operating its first medical center in Mexico City.
For more information, visit www.jacknathanhealth.com or www.sedarplus.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Going Concern Notice
As previously reported in the Company's consolidated financial statements and related management's discussion and analysis filed on SEDAR+ (www.sedarplus.ca), the Company requires additional financing to continue its operations. If additional financing is not obtained in the foreseeable future, the Company does not expect to have sufficient funds to satisfy its obligations. The Company is actively exploring alternative means of obtaining the additional financing it requires. There can be no assurance that the Company will be able to secure the funds necessary to continue as a going concern.
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contact address
Mike Marcelletta, Vice Chairman, Jack Nathan Medical Corporation, Phone: (416) 518-1000.
