- Company Further Strengthens Board with Election of New Independent Director -
TORONTO, May 10, 2013 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare company, today announced that the nominees listed in the Management Proxy Circular for the 2013 Annual and Special Meeting of Shareholders (the "Meeting"), which was held yesterday in Toronto, were elected as Directors of the Company. In addition, all resolutions put to vote at the Meeting were passed. The results of the vote for the election of Directors at the Meeting are as follows:
|Votes For||Votes Withheld|
|Camillo di Prata||48,336,522||99.861||67,221||0.14%|
|Dr. Jack Shevel||47,270,544||97.659||1,133,199||2.34%|
Mr. Camillo (Cam) di Prata was elected as a new independent member of the Board of Directors of the Company, resulting from the vacancy from Dr. Paul Gamble not standing for re-election. Mr. di Prata has been appointed to the Board's Human Resources and Compensation Committee and Audit Committee.
"We are pleased to welcome Mr. di Prata as a Director of Centric Health," said Dr. Jack Shevel, Executive Chairman, Centric Health Corporation. "His extensive capital markets, financial and M&A experience further strengthen our Board as Centric continues to focus on realizing value through the integration of the acquired businesses and generating long-term, sustainable growth from our one-of-a-kind healthcare services platform. We look forward to benefitting from Mr. di Prata's broad expertise, proven leadership capabilities and strategic insight."
Mr. di Prata is a seasoned financial services industry executive with more than 25 years of experience in the capital markets. Currently, he is an independent advisor to various corporations and not-for-profit organizations. Previously, he held senior executive roles with National Bank of Canada where he served as Executive Vice President and Head of the Corporate and Investment Banking and prior thereto Vice Chairman, Quebec. In both roles, he was responsible for significantly expanding the firm's presence outside Quebec and, in 2010, was awarded the Brendan Woods Top Gun Team Leadership Award for mid-market investment banking in Canada. Prior to his tenure at National Bank, he held the roles of Deputy Head of Mergers and Acquisitions and Group Head of Telecom, Media & Technology Investment Banking at Scotia Capital. He also worked in investment banking and mergers and acquisitions at CitiGroup and Nesbitt Burns. Mr. di Prata holds a Bachelors Degree in Commerce (Accounting) from Concordia University and an MBA from the University of Western Ontario's Richard Ivey School of Business.
"On behalf of the entire Centric Board, I would like to thank Paul for his significant contributions to the Company," said Dr. Shevel. "His guidance and counsel have served the Company well during a very important time in our evolution. We wish him well in his future endeavours."
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.
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:
Chief Financial Officer
416-815-0700 ext. 257