Centric Health News

Centric Health Announces Details of First Quarter 2017 Financial Results Conference Call and Webcast of Annual Meeting of Shareholders

26 Apr 2017

TORONTO, April 26, 2017 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it will host a conference call, including a slide presentation, to discuss its first quarter 2017 financial results on Wednesday, May 10, 2017 at 8:30 a.m. ET. The Company expects to report its first quarter 2017 financial results via news release after markets close on Tuesday, May 9, 2017. More

Centric Health Announces Appointment of Independent Director

30 March 2017

TORONTO, March 30, 2017 /CNW/ - Centric Health Corporation ("Centric Health" or the "Company") (TSX:CHH) Canada's leading diversified healthcare services company, announced today that Kevin Dalton will be appointed as an additional independent member of the board of directors of the Company, effective March 30, 2017. Mr. Dalton will participate on the Audit, Human Resources and Compensation, Nominating and Corporate Governance committees. More

Centric Health Reports Continued Strong Financial Results for Fourth Quarter of 2016

07 March 2017

TORONTO, March 7, 2017 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today reported its financial results for the fourth quarter ended December 31, 2016. More

Centric Health Announces Early Conversion of July 2017 Convertible Notes and April 2018 Convertible Loan and Signs Indicative Term Sheet for Refinancing of Remainder of Outstanding Borrowings

02 March 2017

TORONTO, March 2, 2017 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX:CHH) today announced that the holders of the following two debt instruments have agreed to convert all outstanding principal balances to common shares of Centric Health, pursuant to the terms of each instrument: More

Centric Health to Host Fourth Quarter 2016 Financial Results Conference Call/Corporate Presentation on Wednesday, March 8, 2017 at 8:30 a.m. (ET)

27 February 2017

TORONTO, Feb. 27, 2017 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it will host a conference call, including a slide presentation, to discuss its fourth quarter 2016 financial results on Wednesday, March 8, 2017 at 8:30 a.m. (ET). The Company expects to report its fourth quarter 2016 financial results via news release after markets close on Tuesday, March 7, 2017. More

Centric Health to Host 2017 Investor Day on February 8, 2017 in Toronto

01 February 2017

TORONTO, Feb. 1, 2017 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare company, today announced that it will host an Investor Day on Wednesday, February 8, 2017 in Toronto (registration/breakfast at 8:30 a.m.; presentations commencing at 9:00 a.m.). More

Centric Health Acquires Specialty Pharmacy Operations in Grande Prairie and Medicine Hat, Alberta

22 December 2016

TORONTO, Dec. 22, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or the "Company") (TSX:CHH) today announced that it has completed the acquisitions of three Specialty Pharmacy locations in Grande Prairie and Medicine Hat, Alberta, further strengthening the Company's presence in Alberta and its ability to serve regional and multi-province long-term care and retirement home customers. With these acquisitions, Centric Health's Pharmacy business now offers a network of 21 pharmacies, 17 of which are specialty pharmacy packaging fulfillment centres with mobile clinical pharmacy teams across four provinces. The three new pharmacy operations complement the Company's six existing operations in Alberta to provide Centric Health access to the vast majority of the province's seniors population and the opportunity to expand outside of Edmonton and Calgary, with a potential of servicing the 12,000 rural seniors community beds in the province. More

Centric Health Announces Intention to Purchase 6.75% October 2017 Convertible Notes by Way of Normal Course Issuer Bid

20 December 2016

TORONTO, Dec. 20, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today announced it intends to purchase through the facilities of the Toronto Stock Exchange ("TSX") for cancellation up to $2.75 million principal amount, representing 10% of the $27.5 million principal amount issued and outstanding at the date hereof of its Unsecured Subordinated Convertible Notes maturing on October 31, 2017 bearing interest at 6.75% (the "October 2017 Notes") (TSX:CHH.NT) by way of normal course issuer bid ("NCIB"). The NCIB has received TSX approval and will commence on December 23, 2016 and expire on October 30, 2017 unless terminated earlier by the Company. The Company intends to carry out the NCIB pursuant to an automatic purchase plan. More

Centric Health Provides Update on Progress on Balance Sheet Strategy

15 December 2016

TORONTO, Dec. 15, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today announced that it continues to make meaningful positive progress with respect to the next definitive steps on its strategy to simplify its balance sheet and reduce its cost of finance through refinancing, redemption and/or extending debt maturities to longer term debt financing in the context of the Company's organic and acquisitive growth plan. More

Centric Health Makes Permanent the Appointment of Leslie Cho as Chief Financial Officer

14 December 2016

TORONTO, Dec. 14, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today announced the appointment of Mr. Leslie Cho as Chief Financial Officer ("CFO"), effective immediately. Mr. Cho has served as the Company's interim CFO since June 17, 2016, and that appointment has now been made permanent. More

Centric Health Reports Continued Strong Financial Results for Third Quarter of 2016

08 November 2016

TORONTO, Nov. 8, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today reported its financial results for the third quarter ended September 30, 2016. More

Centric Health to Host Third Quarter 2016 Financial Results Conference Call/Corporate Presentation on Wednesday, November 9, 2016 at 8:30 a.m. (ET)

26 October 2016

TORONTO, Oct. 26, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it will host a conference call, including a slide presentation, to discuss its third quarter 2016 financial results on Wednesday, November 9, 2016 at 8:30 a.m. (ET). The Company expects to report its third quarter 2016 financial results via news release after markets close on Tuesday, November 8, 2016. More

Centric Health Completes Acquisition of British Columbia-Based CareRx Specialty Pharmacies

07 October 2016

TORONTO, Oct. 7, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or the "Company") (TSX:CHH) today announced that it has completed its previously announced acquisition of 100% of the equity interests of CareRx Enterprises Ltd. ("CareRx"), a leading provider of pharmacy services to seniors communities in British Columbia. CareRx serves approximately 1,500 beds at 26 long-term care and assisted living communities through its three fulfilment centres located in Vancouver, Victoria and Nanaimo. More

Centric Health To Acquire British Columbia-Based CareRx Specialty Pharmacies

22 September 2016

TORONTO, Sept. 22, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or the "Company") (TSX:CHH) today announced that it has entered into a definitive agreement to acquire 100% of the equity interests of CareRx Enterprises Ltd. ("CareRx"), a leading provider of pharmacy services to seniors communities in British Columbia. CareRx currently serves approximately 1,500 beds at 26 long-term care and assisted living communities through its three fulfilment centres located in Vancouver, Victoria and Nanaimo. These three centres will complement the Company's recently announced opening of a fulfilment centre in Kelowna. More

Centric Health Announces Redemption of its 6.00% Convertible Notes Maturing December 22, 2016

19 September 2016

TORONTO, Sept. 19, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it is providing holders of its 6.00% Unsecured Subordinated Notes (the "Notes") a notice of redemption pursuant to which the Company will redeem the entire outstanding principal amount of the Notes on November 8, 2016 (the "Redemption Date"). As of the date hereof, $10,808,000 aggregate principal amount of the Notes remains outstanding, scheduled to mature on December 22, 2016. More

Centric Health Announces Multi-Province Specialty Pharmacy Contract for More Than 2,400 Beds with Good Samaritan Society

18 August 2016

TORONTO, Aug. 18, 2016 /CNW/ - Centric Health Corporation ("Centric Health") (TSX:CHH) announced today that its Specialty Pharmacy division has formed a strategic alliance with The Good Samaritan Society ("GSS") to deliver pharmacy services (medications and related specialty clinical care services) to more than 2,400 long-term care and assisted living residents at all 28 care homes and several specialized programs in British Columbia and Alberta. This strategic alliance will lead to enhanced safety and care for residents, and the transition and rollout is expected to be completed by the first quarter of 2017. More

Centric Health Reports Continued Strong Growth and Record Adjusted EBITDA(1) from Continuing Operations for Second Quarter of 2016

09 August 2016

TORONTO, Aug. 9, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today reported its financial results for the second quarter ended June 30, 2016. More

Centric Health Announces Long-Term Agreements with Guardian and IDA Pharmacies

08 August 2016

TORONTO, Aug. 8, 2016 /CNW/ - Centric Health Corporation ("Centric Health") (TSX:CHH) today announced that it has entered into 10-year Business Development, Technology and Supply Agreements with Guardian and IDA Pharmacies. More

Centric Health to Host Second Quarter 2016 Financial Results Conference Call/Corporate Presentation on Wednesday, August 10, 2016 at 8:30 a.m. (ET)

27 July 2016

TORONTO, July 27, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it will host a conference call, including a slide presentation, to discuss its second quarter 2016 financial results on Wednesday, August 10, 2016 at 8:30 a.m. (ET). The Company expects to report its second quarter 2016 financial results via news release after markets close on Tuesday, August 9, 2016. More

Centric Health Corporation to Present at the LD Micro Invitational in Los Angeles

31 May 2016

LOS ANGELES / ACCESSWIRE, May 31, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today announced that it will be participating in the 6th annual LD Micro Invitational on Tuesday, June 7, 2016 at 3:00 PM PST / 6:00 PM EST. David Cutler, President and Chief Executive Officer of Centric Health, will be presenting and available to meet with investors on June 7th and 8th. More

Centric Health Announces Management Change

18 May 2016

TORONTO, May 18, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today announced that, effective June 17, 2016, Mr. Daniel Gagnon, Chief Financial Officer, will be leaving the Company to pursue another business opportunity. More

Centric Health Reports Continued Strong Growth for First Quarter of 2016 and Significantly Strengthened Balance Sheet

TORONTO, May 16, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today reported its financial results for the first quarter and year ended March 31, 2016. More

Centric Health Reports Voting Results from Annual General Meeting / Management Presentation Available on the Company's Website

06 May 2016

TORONTO, May 6, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today announced that the nominees listed in the Management Proxy Circular for the Annual Meeting of Shareholders (the "Meeting"), which was held in Toronto on May 5, 2016, were elected as Directors of the Company. In addition, all resolutions put to vote at the Meeting were passed. The results of the vote for the election of Directors at the Meeting are as follows: More

Centric Health Announces Details of First Quarter 2016 Financial Results Conference Call and Webcast of Annual Meeting of Shareholders

02 May 2016

TORONTO, May 2, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it will host a conference call, including a slide presentation, to discuss its first quarter 2016 financial results on Monday, May 16, 2016 at 8:30 a.m. ET. The Company expects to report its first quarter 2016 financial results via news release before markets open on Monday, May 16, 2016. More

Centric Health Announces Successful Refinancing and Reduction of April 2016 Convertible Notes

11 April 2016

TORONTO, April 11, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or the "Company") (TSX: CHH) today announced that holders of $9,080,000 principal amount of the Company's $15,000,000 subordinated, unsecured 5.5% convertible notes (the "Noteholders") maturing April 30, 2016 ("Convertible Notes") have agreed to extend the maturity date of their Convertible Notes to July 31, 2017 in accordance with the terms and conditions of a previously announced extension offer (the "Extension Offer"). This represents approximately 61% of the principal outstanding Convertible Notes with the remaining approximately 39% to be redeemed in cash at 100% of par value. An aggregate of approximately 75% of the Noteholders that agreed to the Extension Offer are insiders of the Company. More

Centric Health Extends Revolving Credit Facility, Repays $8.4 Million Alaris Promissory Note and Announces Offer to Extend 5.5% April 2016 Convertible Notes

23 March 2016

TORONTO, March 23, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that, following the previously announced purchase and cancellation of $163.4 million of the Company's Second Lien Senior Secured Notes and the redemption of all Preferred Partnership Units1 held by the Alaris Income Growth Fund Partnership ("Alaris") for a redemption price of $38.4 million with a take-back loan made by Alaris to the Company of $8.4 million evidenced by a promissory note, the Company has taken the following additional actions in the context of its strategy to reduce its outstanding debt and strengthen and simplify its balance sheet. More

Centric Health Reports Strong Growth From Continuing Operations for the Fourth Quarter and Full Year 2015

8 March 2016

TORONTO, March 8, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today reported its financial results for the fourth quarter and year ended December 31, 2015. More

Centric Health Further Reduces Debt By $30 Million Through Redemption of All Remaining Alaris Preferred Partnership Units and Take-Back Loan of $8.4 Million Loan from Alaris

7 March 2016

TORONTO, March 7, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced a further $30 million reduction of its outstanding debt through the redemption (without penalty) by LifeMark Health Limited Partnership, an affiliate controlled by Centric Health, of all its Preferred Partnership Units (the "Units") issued and outstanding to Alaris Income Growth Fund Partnership ("Alaris") for the full redemption price of approximately $38.4 million. Prior to redemption, the Units had an implied interest rate of 11.2% with the principal and interest rate increasing 4% annually. Immediately upon redemption of the Units, Alaris loaned Centric Health approximately $8.4 million in consideration of a promissory note (the "Alaris Promissory Note") on substantially the same economic terms as applied to the equivalent value of Units. More

Centric Health to Host Fourth Quarter 2015 Financial Results Conference Call/Corporate Presentation on Wednesday, March 9, 2016 at 8:30 a.m. (ET)

2 March 2016

TORONTO, March 2, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it will host a conference call, including a slide presentation, to discuss its fourth quarter 2015 financial results on Wednesday, March 9, 2016 at 8:30 a.m. (ET). The Company expects to report its fourth quarter 2015 financial results via news release after markets close on Tuesday, March 8, 2016. More

Centric Health Completes Purchase and Cancellation of $164 Million of Second Lien Senior Secured Notes

23 February 2016

TORONTO, Feb. 23, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that, further to its news release of February 19, 2016, the Company has issued payment of $169,071,963.57 in respect of its 8.625% Second Lien Senior Secured Notes (the "Notes") that were surrendered under the Company's offer to purchase all of the Notes outstanding as of January 19, 2016 (the "Offer"). The total payment was composed of a principal amount of $164,264,000.00 plus $4,807,963.57 in accrued and unpaid interest up to but excluding the date of purchase. The repurchase of the Notes will result in interest expense savings to the Company of $14.2 million annually. More

Centric Health Announces Results and Terms of Offer to Purchase and Cancel Second Lien Senior Secured Notes and Results of Consent Solicitation

19 February 2016

TORONTO, Feb. 19, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that a principal amount of $164,264,000 in respect of its 8.625% Second Lien Senior Secured Notes (the "Notes") has been surrendered for purchase in accordance with the Company's previously announced offer to purchase all of the Notes outstanding as of January 19, 2016, together with accrued and unpaid interest up to but excluding the date of purchase (the "Offer"). The value of Notes surrendered represents 86.4% of the total value of the Notes outstanding as of January 19, 2016. More

Centric Health Announces Offer to Purchase All Second Lien Senior Secured Notes

19 January 2016

TORONTO, Jan. 19, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it intends to offer to purchase, for par value (the "Offer Price"), all of its remaining 8.625% Second Lien Senior Secured Notes (the "Notes") currently outstanding, together with accrued and unpaid interest up to but excluding the date of purchase (the "Offer to Purchase"). More

Centric Health Closes Sale of Physiotherapy, Rehabilitation and Assessments Operations for Gross Proceeds of Up to CAD$250 Million in Cash

4 January 2016

TORONTO, Jan. 4, 2016 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced it has completed its previously announced sale of substantially all of the businesses within its Physiotherapy, Rehabilitation and Medical Assessments segment1 (the "Sale Transaction") to Audax Private Equity ("Audax") for cash consideration on closing of $245 million, subject to working capital adjustments, plus up to $5 million in contingent consideration2. (All figures are in Canadian dollars.) More

Centric Health Agrees to Divest Physiotherapy, Rehabilitation and Assessments Operations for Gross Proceeds of up to CAD$250 Million in Cash

25 November 2015

TORONTO, Nov. 25, 2015 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced it has entered into a definitive agreement to sell substantially all of the businesses within its Physiotherapy, Rehabilitation and Medical Assessments segment to Audax Private Equity ("Audax"), an Audax Group business, for a cash purchase price at closing of CAD$245 million, subject to certain closing adjustments, plus up to CAD$5 million in contingent consideration based on the divested businesses achieving certain performance thresholds in 2016 and/or other criteria being met during the first half of 2017. The Company intends to use a substantial portion of the net proceeds from the sale, which are expected to be between CAD$230 million and CAD$235 million (excluding the up to CAD$5 million contingent consideration), to pay down debt and significantly reduce the Company's leverage. More

Centric Health Reports Continued Growth for the Third Quarter of 2015

16 November 2015

TORONTO, Nov. 16, 2015 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today reported its financial results for the third quarter ended September 30, 2015. More

Centric Health to Host Third Quarter 2015 Financial Results Conference Call/Corporate Presentation on Tuesday, November 17, 2015 at 8:30 a.m. (ET)

4 November 2015

TORONTO, Nov. 4, 2015 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH) today announced that it will host a conference call, including a slide presentation, to discuss its third quarter 2015 financial results on Tuesday, November 17, 2015 at 8:30 a.m. (ET). The Company expects to report its third quarter 2015 financial results via news release after markets close on Monday, November 16, 2015. More

SmartShape Weight Loss Clinic Division Gains International Recognition

14 October 2015

TORONTO, Oct. 13, 2015 - Centric Healthcare announced today that its SmartShape Weight Loss Clinic division has been recognized as Canada's first Centre of Excellence in Metabolic and Bariatric Surgery by the Surgical Review Corporation (SRC) an internationally recognized healthcare leader committed to advancing the safety, efficacy, and efficiency of surgical care worldwide More

Centric Health Reports Continued Growth for the Second Quarter of 2015

5 August 2015

TORONTO, Aug. 4, 2015 /CNW/ - Centric Health Corporation, Canada's leading diversified healthcare services company, today reported its financial results for the second quarter ended June 30, 2015. "The second quarter was again indicative of the continuing underlying strength and momentum in our business, marking our fifth consecutive period of year-over-year increases in both revenue and adjusted EBITDA, and our thirteenth consecutive quarter of positive cash flow from operations," said David Cutler, President and Chief Executive Officer. More

Centric Health Announces Appointment of Independent Director

29 July 2015

TORONTO, July 29, 2015 /CNW/ - Centric Health Corporation, Canada's leading diversified healthcare services company, announced today that A. Rik Ganderton will be appointed as an independent member of the Board of Directors of the Company, effective August 5, 2015. Mr. Ganderton will participate on the Audit, Human Resources and Compensation, and Nomination and Governance committees. He fills the vacancy left by Tom Magyarody's departure which was previously announced. More

Centric Health to Host Second Quarter 2015 Financial Results Conference Call/Corporate Presentation on Wednesday, August 5, 2015 at 8:30 A.M. (ET)

22 July 2015

TORONTO, July 22, 2015 /CNW/ - Centric Health will host a conference call, including a slide presentation, to discuss its second quarter 2015 financial results on Wednesday, August 5, 2015 at 8:30 a.m. (ET). Centric expects to report its second quarter 2015 financial results via news release after markets close on Tuesday, August 4, 2015. More

Centric Health Announces Tom Magyarody to Step Down from Board Following Appointment to Ontario Medical Association

30 June 2015

TORONTO, June 30, 2015 /CNW/ - Centric Health Corporation, Canada's leading diversified healthcare company, today announced that in light of his new appointment as Chief Executive Officer of the Ontario Medical Association (OMA), and its corresponding duties, Tom Magyarody will step down from the Board of Directors of Centric Health, effective August 5, 2015. More

Centric Health Announces Terms of its Offer to Purchase Second Lien Senior Secured Notes

24 June 2015

TORONTO, June 24, 2015 /CNW/ - Centric Health Corporation today announced that $192,251,000 in respect of its 8.625% Second Lien Senior Secured Notes has been surrendered for purchase in accordance with the Company's previously announced offer to purchase up to $10,000,001 of Notes, the Offer amount being comprised of principal, together with accrued and unpaid interest up to but excluding the date of purchase. More

Centric Health Announces Offer to Purchase Second Lien Senior Secured Notes

20 May 2015

TORONTO, May 20, 2015 /CNW/ - Centric Health Corporation today announced that it intends to offer to purchase, for par value (the "Offer Price"), up to $10,000,001 in respect of its 8.625% Second Lien Senior Secured Notes (the "Notes"), such amount being comprised of principal, together with accrued and unpaid interest up to but excluding the date of purchase. More

Edmonton's Pharmacare team wins W.L. Boddy Award from Alberta Pharmacist's Association

5 May 2015

Centric's newest colleagues, the Pharmacare team in Edmonton, recently won the W.L. Boddy Pharmacy Team Award at the APEX awards celebration held on April 21st 2015. Each year, this prestigious award is presented to an Alberta healthcare team who, by virtue of their collaboration skills and use of the pharmacist’s full scope of practice, positively impact the health of individuals in their community. More

Centric Health Reports Strong Fourth Quarter and Full Year 2014 Financial Results

4 March 2015

"Our fourth quarter results were further confirmation of the underlying strength and momentum in our business as we delivered revenue and adjusted EBITDA growth from continuing operations in each of our segments for the third consecutive quarter," said David Cutler, President and Chief Executive Officer, Centric Health Corporation. More

Centric Health Acquires Leading Alberta-Based Specialty Pharmacy Business

2 March 2015

Acquisition of Care Plus Group Enhances Ability to Serve National Customers While Significantly Strengthening Clinical Intervention Capabilities. More