Business and Finance Business and Finance
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Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth

Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth


Published on 2024-12-03 05:00:48 - Bill Williamson, WOPRAI
  Print publication without navigation

  • Jack Nathan Medical Corp. (TSXV: "JNH"; OTCQB: "JNHMF") (the "Company") is pleased to announce, further to the Company's November 4, 2024 press release, the successful completion of the sale (the "Asset Sale" or the "Transaction") of its Canadian business,

Jack Nathan Health, a Canadian company focused on providing medical services in retail environments, has completed the sale of its 50% interest in its U.S. joint venture, Jack Nathan Medical Corp. (JNMC), to its partner, Comprehensive Healthcare Management Services, LLC (CHMS). The transaction was settled for $1,000,000, with $500,000 paid in cash at closing and the remaining $500,000 to be paid in two equal installments over the next six months. This move allows Jack Nathan Health to concentrate on expanding its operations within Canada, particularly through its partnership with Loblaw Companies Limited, where it operates medical clinics in various retail locations. The sale also signifies a strategic shift for Jack Nathan Health, aiming to leverage its established presence in Canada for further growth and development in the healthcare sector.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/jack-nathan-health-closes-sale-141800636.html ]
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