Move Health Holdings Corp. and No Fear Counselling Corp. Complete Merger Transaction
2024年9月18日 - 2:19AM
Move Health Holdings Corp. (“Move Health”)
and No Fear Counselling
Corp. (“No Fear Counselling”), two
of Canada’s foremost health and wellness organizations, are
pleased to announce the successful completion of their highly
anticipated all-share merger (the “Transaction”), following
unanimous approval at a Special Shareholders Meeting September 13,
2024.
Initially announced in a joint press release
dated June 27, 2024, the newly combined entity now
operates across 70+ locations with a team of over 300+ dedicated
physicians, nurse practitioners, and licensed therapists. The
organization is responsible for:
• Annual Revenue: ~$10M• Gross Margins: 38%• 24/7
Primary Care through Lyte Medical telemedicine
platform• Allied health clinics offering physiotherapy,
chiropractic, registered massage therapy, kinesiology, acupuncture,
cold laser therapy, bracing and orthotics• Mental
health support through No Fear Counselling• Medical
cannabis education and
prescriptions through ReLeave Therapeutics
“This is a momentous day for shareholders, patients, and
stakeholders of both companies with Move Health and No
Fear Counselling officially integrating to create a
Canadian leader in holistic healthcare services,” said Gary Prihar,
Chair & CEO, Move Health. “With the successful completion
of this merger, we are now poised to extend our
reach to better serve millions of Canadians with their
healthcare needs.”
“With a broadened spectrum of patient
services, cutting-edge integrated technology, and
enhanced synergies, we are strategically positioned to fulfill our
vision of accessible, patient-centric healthcare across Canada,”
added Harry Parmar, CEO, No Fear Counselling.
Following the closing of the Transaction, the combined company’s
board will now consist of five directors: Sharon
Castelino, MBA, LLM, ICD.D (Lead Director), Gary
Prihar, CPA, CA, Harry Parmar, Manny Dhaliwal,
and Elizabeth Stephenson.
“We extend our deepest gratitude to the outgoing Board Directors
of Move Health for their unwavering support and invaluable
contributions,” Prihar added. “Their leadership was
instrumental in driving the organization’s 5x growth over the past
five years, paving the way for this next exciting chapter.”
As Move Health and No Fear Counselling embark on this new
chapter, the combined organization is committed to advancing the
possibilities in healthcare. By integrating innovative technology
with comprehensive care services, the company is poised to lead the
industry, ensuring that every Canadian has access to the highest
standard of care, wherever they may be.
About Move HealthFounded in 2019, Move Health
is a premier national primary and allied healthcare provider.
Through
its telemedicine subsidiary, Lyte Medical,
patients have 24/7 access to comprehensive virtual
care, including lab requisitions, prescription refills,
specialist referrals, injury assessment and mental health
counselling, from the comfort of home or office. Through ReLeave
Therapeutics, patients can access medical cannabis education and
prescriptions. Move Health also offers in-person care at allied
health clinics, providing physiotherapy, chiropractic, registered
massage therapy, kinesiology, acupuncture, bracing, orthotics, and
more. Services extend to Corporate Wellness Programs, medical-legal
assessments, and insurance claims. For more information,
visit www.movehealthholdings.com.About No Fear
CounsellingEstablished in 2016, No Fear Counselling’s
mission is to make a difference in the world of mental health. No
Fear Counselling provides accessible, compassionate, and effective
mental health support with the vision of a world where no
one has to face their struggles alone. No Fear
Counselling operates in over 60+ locations with a collective of
over 200 talented and empathetic therapists passionate about
helping individuals, children, groups and couples. For more
information, please
visit https://www.nofearcounselling.com.
Contact InformationGary Prihar, Chair, CEO
& Co-Founder, Move Health Holdings Corp. Harry Parmar,
CEO, No Fear Counselling Corp.