Company Announcements

TORONTO--(BUSINESS WIRE)--Aug. 13, 2024-- 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 will evaluate and consider opportunities for strategic options including mergers and acquisitions (M&A). As part of this initiative, a comprehensive data room will be available post-qualification to interested parties. If an agreement for a transaction is signed, further details will be provided by the Company at that time.

Jack Nathan Health® has been a pioneer in the healthcare industry, improving access for millions of patients by strategically positioning physician and ancillary medical services within Walmart® stores. The Company’s innovative approach ensures exceptional patient care through its dedicated patient-centric physicians and a broad spectrum of medical services, technology and programs, all designed to prioritize patient well-being.

Established in 2006, Jack Nathan Health® continues to grow its international footprint, delivering state-of-the-art, turn-key medical centers. Currently, the Company operates 243 locations globally, with 183 corporately owned and operated. In Canada alone, the Company has 80 clinics inside Walmart locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec, along with 2 independent locations, totaling 82 clinics. Additionally, the Company operates 22 corporate-owned clinics, including 3 offering rehab services and 6 providing MedSpa services.

In Mexico, the presence of Jack Nathan Health® includes 155 corporate-owned clinics within Walmart locations, 5 clinics inside Walmart Distribution Centers servicing Walmart Associates, and 1 multidisciplinary clinic. The Company is proud to have recently announced the commencement of operations at its first medical center in Mexico City.

The comprehensive data room, available after qualification, will provide detailed insights and opportunities for potential partners and other interested parties. The Company invites 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 co-locating physician and ancillary medical services conveniently inside Walmart® stores.

Jack Nathan Health® provides an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first. Our mission is to provide everyone access to the finest quality retail medical centers, with both in-clinic physicians and digital telemedicine, so you and your loved ones can “Live Your Best Life”.

Jack Nathan Health® was established in 2006 and continues to expand its international footprint, delivering exceptional, state-of-the-art, turn-key medical centers in 243 locations globally, with 183 corporately owned and operated. In Canada, the Company has 80 clinics in Walmart locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec and 2 independent locations for a total of 82 clinics. There are currently 22 corporate owned and operated clinics of which 3 include Rehab services and 6 include MedSpa services. In Mexico, the Company has 155 corporate owned and operated clinics in Walmart locations, 5 clinics inside Walmart Distribution Centers servicing Walmart Associates, and 1 Multidisciplinary clinic. Jack Nathan Health, Mexico recently started operation of its first medical center in Mexico City.

For more information, visit www.jacknathanhealth.comor www.sedarplus.ca.

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

Cautionary Note Concerning Going Concern
As previously reported by the Company in its consolidated financial statements and related management’s discussion and analysis filed on SEDAR+ (www.sedarplus.ca), the Company requires additional financing to enable it to continue operations. In the absence of additional financing in the near term, the Company is not expected to have sufficient funds to meet its obligations. The Company is actively pursuing alternatives to raise the necessary additional financing. There can be no assurances that the Company will be able to secure the necessary financing to enable it to continue as a going concern.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240813132915/en/

Jack Nathan Medical Corp., Mike Marchelletta, Vice Chairman; phone: (416) 518-1000.

Source: Jack Nathan Medical Corp.