TORONTO, ON. – March 11, 2019 – The Clinic Network Canada, Inc. (“TCN” or the “Company”) is pleased to announce that it has purchased certain assets and assumed certain liabilities of insolvent J. Slawner Ltée. (“Slawner”) from MNP, the court-appointed receiver. Slawner Ortho specializes in custom orthotics, prosthetics and home health care products. The acquisition was completed to add pain management products to TCN’s pain management offerings. Consideration for the purchase consisted of a $25,000 cash deposit paid on March 5, 2019 and a cash payment of $349,441 on March 18, 2019.
The Slawner Ortho business consists of five well-established clinics in the Greater Montreal region and Eastern townships of Québec. The clinics are all based in hospitals and medical clinic settings and have served over 200,000 patients suffering from orthopedic foot and lower limb pain.
“We are very proud to be able to carry forward the Slawner name in Québec”, said TCN’s Chief Strategy Officer, Kim Wei. “Slawner has been carrying on business in Québec for more than 60 years and has earned a reputation of being the leader in the Montreal region in orthotics, prosthetics and home healthcare products and services.”
About The Clinic Network Canada, Inc.
The Clinic Network Canada, Inc. owns and operates 11 community-based clinics where its team of health professionals work together to help patients through a variety of evidence-based approaches. TCN’s patient care programs utilize an interdisciplinary approach that are guided by trained pain specialists and other healthcare providers.
For more information, visit The Clinic Network website: www.theclinicnetwork.ca
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Notice Regarding Forward Looking Statements
Certain statements in this news release related to the Company are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “would”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe”, “working on” or “continue”, or the negative thereof or similar variations. There are numerous risks and uncertainties that could cause actual results and TCN’s plans and objectives to differ materially from those expressed in the forward-looking information, including: regulatory risks, including those related to healthcare, privacy, and data security; and integration risks relating to newly acquired businesses. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
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