Centric Health Corporation Completes Acquisition of Surgical Spaces Inc.

TORONTO, Jan. 20 /CNW/ - With reference to the press release dated December 9, 2010, Centric Health Corporation ("Centric Health") (TSX: CHH), Canada's leading diversified healthcare company, today announced that it has completed the acquisition of Surgical Spaces Inc. ("Surgical Spaces") which includes two of Canada's leading ambulatory healthcare facilities, False Creek Surgical Centre in Vancouver ("FCSC") and Maples Surgical Centre in Winnipeg ("MSC") (collectively the "Centres").

"The closing of this acquisition expands the Centric Health surgical division to a national level through a network of healthcare centres across Canada," said Dr. Jack Shevel, Chairman of Centric Health. "We look forward to providing improved access and expanded services in partnership with doctors and staff."

About Surgical Spaces
Surgical Spaces established its first surgical centre in the city of Vancouver, BC (False Creek Surgical Centre) in April, 1999. The Company's second facility, located in Winnipeg, MB, (Maples Surgical Centre) opened in 2001. In 2006, the Company expanded its Vancouver facility to include a full primary care infrastructure including a fully equipped emergency room and a state of the art advanced diagnostic imaging department to create a vertically integrated health centre for its patients. The Company and its subsidiaries operate and manage both False Creek Surgical Centre and the Maples Surgical Centre as surgical facilities. The Centres offer same day surgery and overnight procedures. The Medical Departments include cosmetic, plastic, reconstructive, orthopedic, gynecology, general surgery, urology, neurosurgery and ear, nose and throat ("ENT"). Advanced interventional pain management programs are offered as well as minimally invasive medical/surgical procedures that cover many medical specialties. Surgical Spaces also offers primary care, emergency and diagnostic services and executive health and wellness programs. Customers include non-residents, Regional Health Authorities, Workers' Compensation Boards, the Royal Canadian Mounted Police, and Canadian Department of Defence ("D&D"). For further information, please visit www.surgicalspaces.com and www.nationalsurgery.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 majority 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
416-481-0834 ext. 309
pwalkey@centrichealth.ca
          Catherine Love
Investor Relations
Equicom Group
416-815-0700 x266
clove@equicomgroup.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890