Centric Health Announces Appointment of Independent Director

TORONTO, July 29, 2015 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), 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.

"We are very pleased to welcome Mr. Ganderton to the Board of Directors," said Dr. Jack Shevel, Chairman, Centric Health Corporation.  "His impressive track record over the past 40 years in senior leadership primarily in healthcare operations and consulting bring considerable value to our Board. Mr. Ganderton, as a seasoned healthcare industry veteran, will certainly stand us in good stead as Centric Health continues to pursue its strategy of becoming Canada's most respected brand in the independent healthcare sector, world-renowned for quality, innovation, and delivering sustainable value to patients, clients, and stakeholders."

Mr. Ganderton retired in May 2015 as the President and Chief Executive Officer  of the Rouge Valley Health System (RVHS), a multi-site hospital system with 2,800 employees and more than $350 million in annual revenues, holding this position since 2007. During his time there, he successfully led a financial turnaround of the organization, substantially reducing the cost structure of RVHS using Lean Management techniques while simultaneously increasing revenues. Among his previous and varied roles in healthcare, pharmacy, and life sciences, his experience includes Health Care Systems, Payors, Suppliers, and other healthcare entities, and he has held several interim positions as a Chief Financial Officer and Chief Operating Officer. He built and led the Healthcare Industry Consulting business for Cooper's & Lybrand from 1990 to 1998, and practiced as a Public Accountant and public and private company auditor from 1975 to 2002 with Cooper's & Lybrand and PwC. Mr. Ganderton is a Chartered Accountant of England and Wales, and Ontario.

About Centric Health

Centric Health is Canada's largest and most comprehensive independent provider of healthcare services focused on producing leading patient outcomes and delivering quality, innovation and sustainable value to patients, clients and stakeholders. With more than 3,000 dedicated healthcare professionals, consultants and support staff serving patients and clients through an extensive platform of 500 locations across the country, Centric Health is uniquely positioned to meet growing healthcare needs in key markets. Centric Health is listed on the TSX under the symbol CHH. For further information, please visit www.centrichealth.ca.

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, strategies, alternatives, 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 therefrom.

SOURCE Centric Health Corporation

For further information: Daniel Gagnon, Chief Financial Officer, Centric Health, 416-619-9417, daniel.gagnon@centrichealth.ca; Lawrence Chamberlain, Investor Relations, TMX Equicom, 416-815-0700 ext. 257, lchamberlain@tmxequicom.com


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