Mainstreet Health Investments Inc. Announces CEO Intends to Resign for Personal Reasons

TORONTO, Jan. 5, 2017 /CNW/ - Mainstreet Health Investments Inc. (TSX:HLP.U) (the "Company") regretfully announces that Mr. Adlai Chester has advised the Company that he intends to resign as Chief Executive Officer of the Company for personal reasons.  Mr. Chester has indicated his willingness to remain with the Company in an advisory capacity.  The terms of his continued advisory role have yet to be agreed.

"We are truly grateful for all Adlai has done to help build the Company," said Zeke Turner, chairman of the Board.  "He has been a great leader, partner and friend, and I sincerely wish him the best.  We are fortunate he has chosen to stay on with us as a strategic advisor while he takes a step back from the day-to-day."

The Board of Directors will begin a process immediately to appoint a new CEO. 

"I am sincerely grateful to have worked so closely with Adlai to build a strong foundation for our growth," said Scott White, president and chief operating officer.  "We will continue to move forward and build on this great foundation."

"I have really enjoyed my time with Mainstreet companies over the last 8 years and, most recently, in this current role as CEO," said Adlai Chester.  "Working with Zeke and Scott and the rest of the team, we have put the company in a fantastic position to grow.  The investment thesis, the opportunity and the platform are exceptionally strong.  I am committed to working with Zeke and Scott as a strategic advisor to continue to build a great company and to make certain the company is well positioned for the future."

About Mainstreet Health Investments Inc.

Mainstreet Health Investments Inc. is a North American health care real estate company with a growing portfolio of high quality properties located in the United States and Canada. Our properties are operated by best-in-class health care providers under long-term, triple net leases. Our mission is to create long-term shareholder value while providing an investment opportunity that matters. For more information, visit www.mainstreethealthinvestments.com.

 

SOURCE Mainstreet Health Investments Inc.

For further information: Scott White, President and Chief Operating Officer, (201) 927-4758, swhite@maininvest.com; Randy Henry, Director of Investor Relations, (317) 582-6971, rhenry@maininvest.com


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