Centric Health Corporation Files Preliminary Short Form Base Shelf Prospectus for up to $265.5 Million of Common Shares, Debt Securities and Warrants to Purchase Common Shares

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWS WIRE SERVICES./

TORONTO, Sept. 16, 2011 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare company, today announced that it has filed with the securities regulators in each of the provinces of Canada, a preliminary short form base shelf prospectus for the issuance of up to $265.5 million of common shares, debt securities and warrants to purchase common shares and units comprising any combination of the foregoing (collectively, the "Securities"). These securities may be offered from time to time, during a twenty-five-month period for which the short form base shelf prospectus remains valid. The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement.

"The strategic rationale for the base shelf prospectus is to put in place an efficient mechanism and process which can be utilized if and when required, and subject to appropriate market conditions, to raise funds through common shares, debt or warrants, or a combination thereof," said Peter Walkey, Chief Financial Officer of Centric Health. "Proceeds from any of the supplemental tranches would be used primarily for growth and efficient capital and debt restructuring."

"One of the fundamental philosophies in delivering a unique brand of care is to align healthcare providers to ensure that patient's expectations are exceeded," said Dr. Jack Shevel, Executive Chairman of Centric Health. "This public offering affords the Company the flexibility to use the various securities to offer its employees and associates an investment opportunity in an industry that they serve, understand, and are passionate about."

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada in which such offer, solicitation or sale would be unlawful prior to qualification under securities laws of any such province or territory. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered, sold or delivered within the United States of America and its territories and possessions except in certain transactions exempt from such registration requirements. The preliminary short form base shelf prospectus is available on SEDAR at www.sedar.com.

About Centric Health
Centric Health's vision is to be Canada's premier healthcare company, providing innovative solutions centered on patients and healthcare professionals. As a diversified healthcare company with investments in several niche service areas, Centric Health currently has operations in medical assessments, disability and rehabilitation management, physiotherapy and surgical centres, homecare, specialty pharmacy and wellness and prevention. With knowledge and experience of healthcare delivery in international markets and extensive and trusted relationships with payers, physicians, and government agencies, Centric Health is pursuing expansion opportunities into other healthcare sectors to create value for all stakeholders with an unwavering commitment to the highest quality of care. Centric Health is listed on the TSX under the symbol CHH. For further information, please visit www.centrichealth.ca. Centric Health's strategic advisor is Global Healthcare Investments & Solutions, Inc. ("GHIS") (www.ghis.us). GHIS and entities controlled by shareholders of GHIS are currently the largest shareholders of Centric Health.

This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements include, among others, statements regarding business strategy, plans and other expectations, beliefs, goals, objectives, information and statements about possible future events. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by Centric Health and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits Centric Health will derive there-from.

SOURCE Centric Health Corporation

For further information:

Peter Walkey
Chief Financial Officer
Centric Health
416-496-6166 ext. 329
peter.walkey@centrichealth.ca

Catherine Love
Investor Relations
TMX Equicom
416-815-0700 ext. 266
clove@equicomgroup.com


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