Jack Nathan Health acquires second medical clinic in British Columbia


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TORONTO – (COMMERCIAL THREAD) – Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHFM) (“Jack Nathan Health”, “JNH” or the Company ”), a provider of primary care medical clinics located in Walmart® supercentres under the name Jack Nathan Health® in Canada and in Mexico, today announced the acquisition of its second medical clinic in British Columbia, Canada. It is the seventh company-owned and operated medical clinic within Walmart’s Canadian footprint.

This newly acquired JNH medical clinic is located in the Walmart Supercentre in Courtenay, BC, and is close to its recently acquired medical clinic in Campbell River, as announced in June 2021. Thanks to its growing network of physicians, JNH will provide quality medical care to individuals and families and is open to walk-in patients during clinic hours.

“We continue to execute our growth plans across Canada,” said Michael Marchelletta, co-founder and interim CEO of Jack Nathan Health. “In 2021, we acquired five medical clinics in Ontario and two in British Columbia, added two JNH MedSpas, acquired Writi Inc. and expanded our footprint and service offerings. While the challenges of COVID-19 are always evident in the healthcare industry in Canada, we plan to drive growth and improve our bottom line as we expand. Our goal remains to be the trusted medical resource for a larger population in Canada and Mexico.

Dr Glenn Copeland, Medical Director of Jack Nathan Health, added: “We have the opportunity to expand our business-managed medical and paramedical service offerings, which in turn provides greater value to patients. requiring care. This is a critical part of our strategy – to become a one-stop, multidisciplinary medical destination. Private and corporate owned, we offer a multitude of services including MedSpa, Rehab, Dental and other specialized programs. We plan to introduce JNH MedSpa and JNH Rehab to other Walmart locations across Canada this year, while expanding our offering to provide the best and most convenient patient experience.

This newly acquired JNH medical clinic is located at 3199 Cliffe Ave., Courtenay, BC V9N 7S7, Canada. For more information on clinic hours and services, please contact us at 250-334-1512.

Consideration for the acquisition includes an upfront cash payment of $ 97,200 and the issuance of 92,816 common shares of JNH. In addition, there are total cash earn-out payments of $ 145,800 and 139,224 JNH common shares, which are to be earned over four separate six-month intervals spanning two years after closing.

About Jack Nathan Medical Corp.

Jack Nathan Medical Corp., operating as Jack Nathan Health®, is one of the largest healthcare networks in Canada. Jack Nathan Health is an innovative healthcare company that improves access for millions of patients by co-locating physician and paramedic services conveniently located in Walmart® stores.

Jack Nathan Health provides an exceptional level of patient care, made possible by patient-centered physicians, a variety of medical services, technologies and programs, designed to put patients first. Our mission is to provide access to the highest quality retail medical centers for all so that you and your loved ones can “live your best life”.

Jack Nathan Health was established in 2006 and continues to expand its geographic footprint, offering state-of-the-art turnkey medical centers at 76 Walmart locations across Canada including British Columbia, Alberta, Saskatchewan , Manitoba, Ontario and Quebec. , as well as 77 company-owned and operated locations in Mexico, in addition to serving select Walmart distribution centers in Mexico.

For more information visit www.jacknathanhealth.com Where www.sedar.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute “forward-looking information” as that term is defined in applicable Canadian securities laws. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, ” estimate “,” expect “and similar expressions relating to Jack Nathan are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. These statements reflect the Company’s current views and intentions with respect to future events and current information available to it, and are subject to certain risks, uncertainties and assumptions Many factors could cause actual results, performance or achievements that can be expressed or implied. by this forward-looking information to differ from that described in this document if one or more of these risks or uncertainties materialize. These factors include, but are not limited to: changes in economic conditions or financial markets; cost increases; litigation; legislative and other legal, regulatory, political and competitive developments; the economic and commercial impact of COVID-19 and operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be carefully considered and readers should not place undue reliance on such forward-looking information. If any factor unexpectedly affects the Company, or if the assumptions underlying the forward-looking information prove to be incorrect, actual results or events could differ materially from expected results or events. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. In addition, the Company assumes no responsibility for the accuracy or completeness of this forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company assumes no obligation to publicly update or revise any forward-looking information, other than that required by applicable law.

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