TORONTO, March 6,
2023 /CNW/ - LevelJump Healthcare Corp. (TSXV:
JUMP) (OTCQB: JMPHF) (FSE: 75J) ("LevelJump" or the "Company"), a
Canadian leader in B2B telehealth solutions, is pleased to announce
that it has completed its preliminary due diligence and agreed to
amending agreements with the sellers for the proposed Alberta IHF
acquisition as announced on November 21,
2022.
The purchase price has been reduced to $5.76 million of which a $100,000 deposit has already been paid. The
balance of the purchase prices will be paid as $4.63 million in cash, and the issuance of
1,130,000 Units of the Preferred Share financing as announced by
the Company in its press release dated February 28, 2023.
Combined, the IHF's are currently reporting revenue of
approximately $4.75 million with
EBITDA of approximately $873,000.
The transaction is now targeted to close in May and is subject
to several conditions, including but not limited to, required
regulatory approval, satisfactory due diligence and securing an
institutional credit facility to fund the balance of the purchase
price.
These IHF's offer medical imaging including x-ray, ultrasound,
fluoroscopy, and bone mineral density scans. The IHF's are all
located in Calgary, Alberta, and
its surrounding areas.
About LevelJump Healthcare
LevelJump Healthcare Corp.,
(TSXV: JUMP) provides telehealth solutions to client hospitals and
imaging centers through its Teleradiology division, as well as in
person radiology services through its IHF's (Independent Healthcare
Facilities). JUMP focuses primarily on critical care for urgent and
emergency patients, establishing integral relationships in the
communities we serve.
ON BEHALF OF THE BOARD OF DIRECTORS OF
LEVELJUMP
HEALTHCARE CORP.
Mitchell Geisler
Chief Executive Officer
Caitlin-Robyn Densmore
Investor Relations Manager
Caitlin.Densmore@leveljumphealthcare.com
(437) 214-1568
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release contains "forward-looking
information" within the meaning of applicable securities laws
relating to the Company's business plans and the outlook of the
Company's industry. Although the Company believes, in light of the
experience of its officers and directors, current conditions and
expected future developments and other factors that have been
considered appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because the Company can give no assurance
that they will prove to be correct. Actual results and developments
may differ materially from those contemplated by these statements.
The statements in this press release are made as of the date of
this release and the Company assumes no responsibility to update
them or revise them to reflect new events or circumstances other
than as required by applicable securities laws. The Company
undertakes no obligation to comment on analyses, expectations or
statements made by third-parties in respect of the Company,
Canadian Teleradiology Services, Inc., their securities, or their
respective financial or operating results (as applicable).
Neither the Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
The securities being offered have not been, and will not
be, registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any U.S. state securities
laws, and may not be offered or sold in the United States or to, or for the account or
benefit of, United States persons
absent registration or an applicable exemption from the
registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws. This press release does not constitute
an offer to sell or the solicitation of an offer to buy securities
in the United States, nor in any
other jurisdiction.
SOURCE LevelJump Healthcare Corp.
