Jack Nathan Mexico Update
Jack Nathan Medical Corp (TSXV: JNH; OTCQB: JNHMF) announces strategic evaluation of its Mexico operations due to challenges with Walmart Mexico partnership. The company is exploring multiple options for its 171 facilities within Walmart Mexico stores including:
- Potential sale to a successor or competing medical operator
- Renegotiation of business terms with Walmart Mexico
- Development of a bilateral transition plan
While the company has secured a profit-sharing agreement with Walmart Canada effective December 1, 2024, failure to reach an agreement in Mexico could lead to a potential wind-down of Mexican operations. The company is also exploring partnerships with other retail and corporate entities as alternatives. A comprehensive data room will be available to qualified interested parties for due diligence.
Jack Nathan Medical Corp (TSXV: JNH; OTCQB: JNHMF) annuncia una valutazione strategica delle sue operazioni in Messico a causa di sfide nella partnership con Walmart Messico. L'azienda sta esplorando diverse opzioni per le sue 171 strutture all'interno dei negozi Walmart Messico, tra cui:
- Possibile vendita a un successore o a un operatore medico concorrente
- Rinegoziazione dei termini commerciali con Walmart Messico
- Sviluppo di un piano di transizione bilaterale
Sebbene l'azienda abbia assicurato un accordo di condivisione degli utili con Walmart Canada a partire dal 1° dicembre 2024, il mancato raggiungimento di un accordo in Messico potrebbe portare a una possibile cessazione delle operazioni messicane. L'azienda sta anche esplorando partnership con altre entità commerciali e aziendali come alternative. Una sala dati completa sarà disponibile per le parti interessate qualificate per la due diligence.
Jack Nathan Medical Corp (TSXV: JNH; OTCQB: JNHMF) anuncia una evaluación estratégica de sus operaciones en México debido a desafíos con la asociación con Walmart México. La empresa está explorando múltiples opciones para sus 171 instalaciones dentro de las tiendas Walmart México, incluyendo:
- Posible venta a un sucesor o a un operador médico competidor
- Renegociación de los términos comerciales con Walmart México
- Desarrollo de un plan de transición bilateral
Aunque la empresa ha asegurado un acuerdo de participación en las ganancias con Walmart Canadá que entrará en vigor el 1 de diciembre de 2024, la falta de un acuerdo en México podría llevar a un posible cierre de las operaciones en México. La empresa también está explorando asociaciones con otras entidades comerciales y corporativas como alternativas. Se dispondrá de una sala de datos completa para las partes interesadas calificadas para la debida diligencia.
잭 네이선 메디컬 코퍼레이션 (TSXV: JNH; OTCQB: JNHMF)은 월마트 멕시코와의 파트너십에서 발생한 문제로 인해 멕시코 운영에 대한 전략적 평가를 발표했습니다. 이 회사는 월마트 멕시코 매장 내 171개 시설에 대해 다음과 같은 여러 옵션을 탐색하고 있습니다:
- 후계자 또는 경쟁 의료 운영자에게의 잠재적 매각
- 월마트 멕시코와의 사업 조건 재협상
- 양자 전환 계획 개발
회사는 2024년 12월 1일부터 발효되는 월마트 캐나다와의 이익 공유 계약을 체결했지만, 멕시코에서 합의에 도달하지 못할 경우 멕시코 운영의 잠재적 종료로 이어질 수 있습니다. 또한, 회사는 대안으로 다른 소매 및 기업 단체와의 파트너십을 탐색하고 있습니다. 적격한 이해관계자에게는 실사를 위한 종합 데이터룸이 제공될 예정입니다.
Jack Nathan Medical Corp (TSXV: JNH; OTCQB: JNHMF) annonce une évaluation stratégique de ses opérations au Mexique en raison de défis liés à son partenariat avec Walmart Mexique. L'entreprise explore plusieurs options pour ses 171 installations au sein des magasins Walmart Mexique, notamment :
- Vente potentielle à un successeur ou à un opérateur médical concurrent
- Renégociation des conditions commerciales avec Walmart Mexique
- Développement d'un plan de transition bilatéral
Bien que l'entreprise ait sécurisé un accord de partage des bénéfices avec Walmart Canada à compter du 1er décembre 2024, l'échec à atteindre un accord au Mexique pourrait entraîner une éventuelle cessation des opérations mexicaines. L'entreprise explore également des partenariats avec d'autres entités commerciales et corporatives comme alternatives. Une salle de données complète sera disponible pour les parties intéressées qualifiées pour la diligence raisonnable.
Jack Nathan Medical Corp (TSXV: JNH; OTCQB: JNHMF) kündigt eine strategische Bewertung seiner Aktivitäten in Mexiko aufgrund von Herausforderungen in der Partnerschaft mit Walmart Mexiko an. Das Unternehmen prüft mehrere Optionen für seine 171 Einrichtungen innerhalb der Walmart Mexiko-Filialen, darunter:
- Potenzielle Verkaufsoption an einen Nachfolger oder konkurrierenden medizinischen Betreiber
- Neuverhandlung der Geschäftsbedingungen mit Walmart Mexiko
- Entwicklung eines bilateralen Übergangsplans
Obwohl das Unternehmen einen Gewinnbeteiligungsvertrag mit Walmart Kanada ab dem 1. Dezember 2024 gesichert hat, könnte das Scheitern, eine Vereinbarung in Mexiko zu erreichen, zu einer möglichen Abwicklung der mexikanischen Aktivitäten führen. Das Unternehmen prüft auch Partnerschaften mit anderen Einzelhandels- und Unternehmensorganisationen als Alternativen. Ein umfassender Datenraum wird für qualifizierte interessierte Parteien zur Due Diligence zur Verfügung stehen.
- Secured profit-sharing agreement with Walmart Canada effective December 1, 2024
- Large operational presence with 171 facilities in Mexico
- Unable to ratify business continuity terms with Walmart Mexico
- Potential wind-down of entire Mexico operations if no agreement reached
- Uncertainty in maintaining current operational network in Mexico
Aside from a profit sharing agreement which was entered into with Wal-Mart Canada Corp. effective December 1, 2024, JNH Mexico has been unable to ratify terms for continuity of business with Walmart Mexico, and the Company has notified Walmart Mexico to consider evaluating all strategic options, including: (a) consenting to permit JNH to sell its
Alternatively, the Company is exploring strategic options for continuity of operations with other retail and corporate partners, should no progress be made on the above offers suggested to Walmart Mexico.
No assurances can be provided that any of these efforts will be successful. In the absence of being able to ratify an agreement or explore strategic options, the Company is potentially facing a wind down scenario of its
As part of this initiative, a comprehensive data room will be available post-qualification to interested parties. 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 Mexico® has to offer.
If an agreement for a transaction is signed, further details will be provided by the Company at that time.
About Jack Nathan Medical Corp.
Jack Nathan Health®, a pioneer in the healthcare industry, became one of
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 175 locations globally, all corporately owned and operated.
In
For more information, visit www.jnhmexico.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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250319949931/en/
Jack Nathan Medical Corp., Mike Marchelletta, Chief Executive Officer; phone: (416) 518-1000.
Source: Jack Nathan Medical Corp.
FAQ
What are the strategic options being considered for Jack Nathan Medical (JNHMF) Mexico operations?
How many facilities does Jack Nathan Medical (JNHMF) currently operate in Walmart Mexico?
What is the status of JNHMF's agreement with Walmart Mexico?
What is the timeline for JNHMF's profit-sharing agreement with Walmart Canada?
