Novamind Expands Leadership Team, Accelerating M&A

Rhea-AI Summary

Novamind Inc. (OTC PINK:NVMDF) has appointed Joseph Braganza as Senior Vice President, Head of M&A, effective March 3, 2021. Braganza, who has 20 years of experience in mergers and acquisitions, previously led M&A at Canadian Addiction Treatment Centres and held senior roles at People Corp. and Rexall Health Solutions. His role will focus on accelerating Novamind's expansion through strategic acquisitions in the psychedelic medicine sector. CEO Yaron Conforti expressed confidence in Braganza's ability to drive growth and integrate new businesses.

Positive

• Appointment of a seasoned M&A expert, Joseph Braganza, to lead growth strategies.
• Braganza's extensive experience in the mental health sector could enhance strategic acquisitions.
• Potential for accelerated expansion of Novamind's network of clinics and treatment facilities.

Negative

• None.

Joseph Braganza joins the organization as SVP, Head of M&A

Previously led M&A at Canadian Addiction Treatment Centres (CATC)

TORONTO, ON / ACCESSWIRE / March 3, 2021 / Novamind Inc., (CSE:NM)(OTC PINK:NVMDF) ("Novamind" or the "Company"), a leading mental health company specialized in psychedelic medicine, announces the appointment of Joseph Braganza to the role of Senior Vice President, Head of M&A. Mr. Braganza joins the senior leadership team with a mandate to lead Novamind's M&A strategy, accelerating the Company's expansion plans for its network of clinics, retreats and clinical research sites.

Joseph has gained tenure as a M&A specialist and strategist, building sustainable programmatic M&A approaches for high-growth organizations. Leveraging over 20 years of professional experience, Joseph recently led the M&A group as Vice President, Business and Corporate Development at Canadian Addiction Treatment Centres (CATC), a consolidator of outpatient addiction treatment clinics that currently operates over 70 clinics and an inpatient residential treatment facility. Joseph previously held senior M&A roles at People Corp. (acquired by Goldman Sachs Merchant Banking), Rexall Health Solutions (a subsidiary of McKesson Corp.) and Deloitte.

"I am deeply committed to Novamind's vision to scale their operating model for psychedelic medicine," Braganza commented. "Facilitating greater access to these breakthrough treatments is critical in helping people find new ways to improve their mental health. I look forward to working with the leadership team as we pursue Novamind's vision."

Yaron Conforti, CEO and Director of Novamind added, "We're excited to announce Joseph's appointment to lead our M&A team. Joseph's experience acquiring and integrating businesses, combined with his expertise in the mental health sector make him uniquely positioned to contribute to Novamind's strategic growth plans."

About Novamind

Novamind is a leading mental health company enabling safe access to psychedelic medicine through a network of clinics, retreats, and clinical research sites. Novamind provides ketamine-assisted psychotherapy and other novel treatments through its network of Cedar Psychiatry clinics and operates Cedar Clinical Research, a contract research organization specialized in clinical trials and evidence-based research for psychedelic medicine. Both Cedar Psychiatry and Cedar Clinical Research are wholly owned subsidiaries of Novamind. For more information on how Novamind is enhancing mental wellness and guiding people through their entire healing journey, visit novamind.ca.

Contact Information

Novamind
Yaron Conforti, CEO and Director
Telephone: +1 (647) 953 9512

Bill Mitoulas, Investor Relations
Email: bill@novamind.ca

Forward-Looking Statements

This news release contains forward-looking statements. All statements other than statements of historical fact included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the Company's public disclosure. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable laws.

SOURCE: Novamind Inc.

View source version on accesswire.com:
https://www.accesswire.com/633155/Novamind-Expands-Leadership-Team-Accelerating-MA

FAQ

What is the significance of Joseph Braganza's appointment at Novamind (NVMDF)?

Joseph Braganza's appointment is significant as he brings over 20 years of M&A experience, which Novamind aims to leverage for strategic growth in the psychedelic medicine sector.

How will Joseph Braganza impact Novamind's M&A strategy?

Braganza's expertise is expected to enhance Novamind's M&A strategy by facilitating the acquisition and integration of businesses, crucial for the company's expansion plans.

What is Novamind's focus in the mental health sector?

Novamind focuses on providing safe access to psychedelic medicine through clinics, retreats, and clinical research, aiming to improve mental health treatments.

When was Joseph Braganza appointed to Novamind?

Joseph Braganza was appointed as Senior Vice President, Head of M&A on March 3, 2021.