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Jack Nathan Health® Pursues Strategic Initiatives

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Jack Nathan Health® (TSXV: JNH; OTCQB: JNHMF), a leading Canadian healthcare network, is exploring strategic options including mergers and acquisitions. The company operates 243 locations globally, with 183 corporately owned and operated. In Canada, it has 82 clinics, including 80 inside Walmart stores. In Mexico, Jack Nathan Health® has 155 corporate-owned clinics within Walmart locations and recently opened its first medical center in Mexico City.

The company is creating a comprehensive data room for interested parties to explore potential partnerships. However, Jack Nathan Health® requires additional financing to continue operations and is actively pursuing alternatives to raise necessary funds. Without this financing, the company may not have sufficient funds to meet its obligations, raising concerns about its ability to continue as a going concern.

Jack Nathan Health® (TSXV: JNH; OTCQB: JNHMF), una delle principali reti sanitarie canadesi, sta esplorando opzioni strategiche tra cui fusioni e acquisizioni. L'azienda opera 243 sedi a livello globale, di cui 183 di proprietà e gestite direttamente. In Canada, dispone di 82 cliniche, di cui 80 all'interno dei negozi Walmart. In Messico, Jack Nathan Health® ha 155 cliniche di proprietà situate all'interno dei punti vendita Walmart e ha recentemente inaugurato il suo primo centro medico a Città del Messico.

L'azienda sta creando una data room completa per le parti interessate a esplorare potenziali partnership. Tuttavia, Jack Nathan Health® necessita di finanziamenti aggiuntivi per continuare le operazioni ed è attivamente alla ricerca di alternative per raccogliere i fondi necessari. Senza questo finanziamento, l'azienda potrebbe non avere risorse sufficienti per soddisfare i propri obblighi, sollevando preoccupazioni sulla sua capacità di continuare come entità operativa.

Jack Nathan Health® (TSXV: JNH; OTCQB: JNHMF), una de las principales redes de atención médica de Canadá, está explorando opciones estratégicas que incluyen fusiones y adquisiciones. La empresa opera 243 ubicaciones a nivel mundial, de las cuales 183 son propiedad y están operadas por la propia compañía. En Canadá, cuenta con 82 clínicas, incluidas 80 dentro de tiendas Walmart. En México, Jack Nathan Health® tiene 155 clínicas de propiedad corporativa dentro de ubicaciones de Walmart y recientemente inauguró su primer centro médico en la Ciudad de México.

La compañía está creando una sala de datos integral para que las partes interesadas exploren posibles asociaciones. Sin embargo, Jack Nathan Health® requiere financiamiento adicional para continuar las operaciones y está buscando activamente alternativas para recaudar los fondos necesarios. Sin este financiamiento, la empresa podría no tener suficientes recursos para cumplir con sus obligaciones, lo que genera preocupaciones sobre su capacidad para continuar como entidad en funcionamiento.

잭 네이선 헬스® (TSXV: JNH; OTCQB: JNHMF)는 캐나다의 주요 의료 네트워크로, 합병 및 인수를 포함한 전략적 옵션을 탐색하고 있습니다. 이 회사는 전 세계 243개의 위치에서 운영되며, 이 중 183개는 회사 소속입니다. 캐나다에는 82개의 클리닉이 있으며, 그중 80개는 월마트 매장 내에 있습니다. 멕시코에서는 잭 네이선 헬스®가 월마트 위치에 155개의 회사 소속 클리닉을 운영하며, 최근 멕시코시티에 첫 의료센터를 개소했습니다.

회사는 관심 있는 당사자들이 잠재적인 파트너십을 탐색할 수 있도록 포괄적인 데이터룸을 만들고 있습니다. 그러나 잭 네이선 헬스®는 운영을 지속하기 위해 추가 자금이 필요하며, 필요한 자금을 마련하기 위해 적극적으로 대안을 모색하고 있습니다. 이러한 자금이 없으면 회사는 의무를 이행할 충분한 자금을 확보하지 못할 수 있으며, 이는 지속적인 운영 능력에 대한 우려를 불러일으킵니다.

Jack Nathan Health® (TSXV: JNH; OTCQB: JNHMF), un réseau de santé canadien de premier plan, explore des options stratégiques, y compris les fusions et acquisitions. L'entreprise opère 243 emplacements dans le monde, dont 183 sont détenus et gérés par elle-même. Au Canada, elle possède 82 cliniques, dont 80 dans des magasins Walmart. Au Mexique, Jack Nathan Health® possède 155 cliniques de propriété au sein des magasins Walmart et a récemment ouvert son premier centre médical à Mexico.

L'entreprise crée une salle de données complète pour que les parties intéressées puissent explorer des partenariats potentiels. Cependant, Jack Nathan Health® a besoin de financements supplémentaires pour poursuivre ses opérations et recherche activement des alternatives pour lever les fonds nécessaires. Sans ce financement, l'entreprise pourrait ne pas disposer de fonds suffisants pour faire face à ses obligations, ce qui soulève des inquiétudes quant à sa capacité à continuer son activité.

Jack Nathan Health® (TSXV: JNH; OTCQB: JNHMF), ein führendes kanadisches Gesundheitsnetzwerk, erkundet strategische Optionen, einschließlich Fusionen und Übernahmen. Das Unternehmen betreibt 243 Standorte weltweit, von denen 183 im Besitz des Unternehmens sind und betrieben werden. In Kanada gibt es 82 Kliniken, darunter 80 in Walmart-Filialen. In Mexiko besitzt Jack Nathan Health® 155 eigene Kliniken in Walmart-Filialen und hat kürzlich sein erstes medizinisches Zentrum in Mexiko-Stadt eröffnet.

Das Unternehmen erstellt einen umfassenden Datenraum, in dem interessierte Parteien potenzielle Partnerschaften erkunden können. Jack Nathan Health® benötigt jedoch zusätzliche Finanzierung, um den Betrieb fortzusetzen und ist aktiv auf der Suche nach Alternativen, um die erforderlichen Mittel zu beschaffen. Ohne diese Finanzierung könnte das Unternehmen nicht über ausreichende Mittel verfügen, um seinen Verpflichtungen nachzukommen, was Bedenken hinsichtlich seiner Fähigkeit aufwirft, als fortbestehendes Unternehmen weiterzubestehen.

Positive
  • Operates 243 locations globally, with 183 corporately owned and operated
  • Presence in Canada with 82 clinics, including 80 inside Walmart stores
  • Strong presence in Mexico with 155 corporate-owned clinics within Walmart locations
  • Recently opened first medical center in Mexico City
  • Exploring strategic options including mergers and acquisitions
Negative
  • Requires additional financing to continue operations
  • May not have sufficient funds to meet obligations without near-term financing
  • Going concern issues raised due to financial constraints

TORONTO--(BUSINESS WIRE)-- 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.com or 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.

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

Source: Jack Nathan Medical Corp.

FAQ

What strategic initiatives is Jack Nathan Health (JNHMF) pursuing?

Jack Nathan Health (JNHMF) is evaluating and considering opportunities for strategic options, including mergers and acquisitions (M&A). The company is creating a comprehensive data room for interested parties to explore potential partnerships.

How many locations does Jack Nathan Health (JNHMF) operate globally?

Jack Nathan Health (JNHMF) operates 243 locations globally, with 183 corporately owned and operated. This includes 82 clinics in Canada and 155 corporate-owned clinics in Mexico, mostly within Walmart locations.

What financial challenges is Jack Nathan Health (JNHMF) currently facing?

Jack Nathan Health (JNHMF) requires additional financing to continue operations. Without near-term financing, the company may not have sufficient funds to meet its obligations, raising concerns about its ability to continue as a going concern.

Where has Jack Nathan Health (JNHMF) recently expanded its operations?

Jack Nathan Health (JNHMF) has recently announced the commencement of operations at its first medical center in Mexico City, expanding its presence in the Mexican market.

JACK NATHAN MED CORP

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