Empower Clinics Subsidiary to Launch Cardiology Services with Significantly Reduced Wait Times for Result

Rhea-AI Summary

Empower Clinics Inc (CSE:EPW, OTCQB:EPWCF) announced a partnership with Heart Wellness Cardiac Clinics and Holter Health to launch cardiology services through The Medi-Collective (TMC). The program aims to provide vital services like Holter monitoring and stress tests, enhancing patient care by reducing wait times for results. This initiative represents a new revenue stream for TMC while aligning with Empower's vision of integrated healthcare. The partnership promises timely access to cardiac care within existing clinics, bolstering Empower's presence in specialty health services.

Positive

• New cardiology services partnership expands service offerings and revenue streams for TMC.
• Reduced wait times for cardiology test results enhance patient care.
• Integration of Holter monitoring and diagnostics within TMC clinics.

Negative

• None.

The Medi-Collective to offer new specialty services in partnership with two leading Ontario cardiology companies

VANCOUVER, BC / ACCESSWIRE / November 17, 2022 / EMPOWER CLINICS INC (CSE:EPW)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, a medical device company and a high complexity medical diagnostics laboratory - today announced that. The Medi-Collective signed a Memorandum of Understanding ("MOU") to develop and launch a program for cardiology services and testing in partnership with Heart Wellness Cardiac Clinics (HWCC) and their subsidiary Holter Health (HH).

The cardiology services will include, and are not limited to, holter monitoring, stress & echo

tests, nuclear stress tests, and vascular tests. These new specialty services will be supplied by HWCC within TMC's clinics and provide a new revenue source to clinic operations.

"By offering innovative cardiology services and testing as a specialty healthcare service, The Medi-Collective is executing on its vision of being a convenient integrated healthcare solution for patients", stated Steven McAuley, Chairman and CEO of Empower Clinics. "Patients want convenient access to Holter technology and timely results. Thanks to our partnership with Holter Health, that's exactly what they will enjoy when patients experience our integrated primary and specialty healthcare solutions at TMC. In addition to our offering of cardiology and dermatology services, we will continue to add more specialty healthcare solutions as a top priority."

Notably Holter Health allows TMC to provide ease of access to cardiac care to patients by providing in house Holter Monitoring that is sent to some of Toronto's top Cardiologists for review and response within a week timeframe. This shortens the wait time and allows for a greater integrated clinic experience.

Heart Wellness Cardiac Clinics has been in diagnostic imaging and cardiology for 30 years providing echocardiograms, Holter and loop monitoring, ECGs, stress testing, stress echo, and cardiac consultations. They also provide general ultrasound and vascular technology services at 3 sites in Scarborough. HWCC has affiliated centers which provide nuclear cardiology testing without delay and are associated with Saint Michael's Hospital, Sunnybrook Health Sciences Centre and Michael Garron Hospital. HWCC counts nearly 30 health professionals including cardiologists.

Holter Health was created by HWCC to give patients easier access to an important heart-health screening tool - a holter monitor - via their family doctor, medical clinic, long-term care home, or pharmacy. Currently when a family doctor requests a holter monitor test for their patient, the patient faces a challenge to access the test via the closest cardio clinic or hospital. Holter Health provides ease of access to patients via their local medical clinic, long-term care home, or pharmacy to get their holter monitor test with proper training & support and the results sent to the patient's family doctor within a week of completing the test.

"Heart Wellness Cardiac Centres (HWCC) and Holter Health are excited to be partnering with Empower's TMC (The Medi-Collective) clinics to expand on their ‘full-service' medical services by offering full-service cardiac imaging and cardiac care services within their existing primary care clinics", said Andre Sabongui, CEO of HWCC. "This new partnership will provide TMC patients with the highest level of care and expedited referrals to necessary specialists and required diagnostic imaging testing services."

Cardiology consultations is the second specialty healthcare service launched by TMC. In March 2021 TMC partnered with MedX (https://medxhealth.com) to offer teledermatology services throughout its clinics. Teledermatology is a subspeciality of dermatology that offers safe and effective virtual care - patient screening, assessment, and diagnosis - eliminating the need for in-person appointments with a dermatologist. Unlike other teledermatology screening tools available, TMC uses MedX's DermSecure™ Screening Platform to offer high-resolution image capture technology for moles, lesions, and other skin conditions, providing a complete, virtual dermatological assessment by a certified dermatologist within just 72 hours.

"MedX is delighted to have partnered with Empower's TMC clinics as the dermatology platform of choice for their growing medical services offering. At a time when access to dermatologists remains a challenge for the Canadian patient, the early detection of skin cancer and timely access to care is critical to a successful patient outcome. We are proud to work with The Medi-Collective in providing the highest level of care to patients who need it most," said MedX CEO Naman Demaghlatrous.

This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics

ABOUT EMPOWER:

Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, a medical device company and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.

ON BEHALF OF THE BOARD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

CONTACTS:

Media:
Steven McAuley CEO
s.mcauley@empowerclinics.com
+1 855-855-9058

Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
+1 855-855-9058

DISCLAIMER FOR FORWARD-LOOKING STATEMENTS

This news release contains certain "forward-looking statements" or "forward-looking information" (collectively "forward looking statements") within the meaning of applicable Canadian securities laws. Statements other than statements of historical fact are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, and include statements regarding the Company's ability to positively impact the integrated health of its patients while simultaneously providing long term value for shareholders. Forward-looking statements can frequently be identified by words such as "plans", "continues", "expects", "projects", "intends", "believes", "anticipates", "estimates", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: that wait times for cardiology services will be significantly reduced, that the Company's products may not work as expected; that the Company may not be able to maintain or expand its current COVID-19 testing; that legislative changes may have an adverse effect on the Company's business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; that general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with any proposed transactions; and other factors beyond the Company's control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.

SOURCE: Empower Clinics Inc.

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FAQ

What services will Empower Clinics provide through its new partnership with HWCC and Holter Health?

Empower Clinics will offer cardiology services including Holter monitoring, stress tests, and vascular tests through its Medi-Collective clinics.

When was the partnership between Empower Clinics and Heart Wellness Cardiac Clinics announced?

The partnership was announced on November 17, 2022.

What is the stock symbol for Empower Clinics?

The stock symbol for Empower Clinics is EPWCF.

How does the partnership benefit patients?

The partnership benefits patients by providing quicker access to cardiac care and reducing wait times for test results.

Which company is the CEO of Empower Clinics?

Steven McAuley is the CEO of Empower Clinics.