TORONTO, Dec. 20, 2017 /CNW/ - Syncordia Technologies
and Healthcare Solutions, Corp. (TSXV: SYN) ("Syncordia") is
pleased to provide an update that it has agreed in principal to the
basic deal terms for a refinancing of its existing debt. Under this
refinancing plan the existing debt holders would be paid in full in
exchange for new debt with a 4-year term. Completion of the new
debt structure will be subject to customary approvals including
lender approval, diligence, final documentation and TSX Venture
approval, but represents a significant milestone in Syncordia's
growth plans as a software, information technology diversified
healthcare company.
About Syncordia Technologies and Healthcare Solutions,
Corp.
We are a software and information technology services
company with a focus on healthcare, and with an initial focus on
technology enhanced revenue cycle management medical claim
processing for healthcare practitioners. We are focused on using
our proprietary software suite as an accelerator for growth. Our
growth strategy is to acquire healthcare oriented software and
information technology service companies and improve their
profitability by increasing revenues and improving operating
efficiencies with the local management teams. Syncordia will
leverage proprietary software to manage scale, drive better
customer experiences and enhance margins while driving a
competitive sustainable profile.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
Certain statements herein may be "forward looking" statements
that involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of Syncordia or the industry to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Forward
looking statements involve significant risks and uncertainties,
should not be read as guarantees of future performance or results,
and will not necessarily be accurate indications of whether or not
such results will be achieved. A number of factors could cause
actual results to vary significantly from the results discussed in
the forward looking statements. These forward-looking statements
reflect current assumptions and expectations regarding future
events and operating performance and are made as of the date hereof
and we assume no obligation, except as required by law, to update
any forward looking statements to reflect new events or
circumstances.
SOURCE Syncordia Technologies and Healthcare Solutions,
Corp.
