Evergreen Pacific Insurance Corporation Closes Acquisition of Majority Interest in Synergy Health Services

TORONTO, Oct. 22, 2018 /CNW/ - Evergreen Pacific Insurance Corporation ("Evergreen Pacific") is pleased to announce that it has closed its previously announced acquisition of a majority interest in Synergy Health Services Inc. ("Synergy"). As a result of this strategic purchase, Evergreen Pacific has added Synergy's network of multi-disciplinary wellness centres, combining traditional medical pain management with allied health services, to the Evergreen Pacific group of companies, aligned with Evergreen Pacific's focus on improved patient outcomes.

Dr. Ira Price, MD, FRCPC, and founder of Synergy Health Services, will serve as Medical Director of Evergreen Pacific's Clinical Division. Dr. Price is a recognized leader in the clinical application of natural pain solutions and cannabinoid therapeutics.  

Dr. Price commented, "Evergreen Pacific's Buywell.com ecosystem serves a large and growing market of highly engaged health and wellness consumers and medical professionals across Canada. The integration of Synergy within the Buywell.com ecosystem is not only consistent with our shared passion for supporting access to clinical care, it enables us to focus on optimal patient outcomes and improved patient experiences. Synergy's participation and leadership within Evergreen Pacific's Clinical Division will benefit our patients in so many ways - from reducing clinical dependence on opioids, to providing a wider range of clinical solutions for the management of chronic pain."

Heather Gray, co-founder of "Our Clinic", a cutting-edge medical clinic focused on delivering tailored treatment plans combining traditional and alternative treatments and located in London, Ontario, has been appointed Director of Operations of Evergreen Pacific's Clinical Division and will be responsible for overseeing its expansion across Canada.   Ms. Gray added, "Patients and medical practitioners can now finally find affordable educational resources, treatment options and payment alternatives in one integrative care setting."

Robert Wilson, CEO of Evergreen Pacific, added, "Today, consumers seek to make informed decisions regarding their medical practitioners, and treatment options. Canadians want access to the leading standards of clinical care. They also seek alternatives giving them more ways to afford treatment. That is why Evergreen Pacific has introduced the first guaranteed-issue extended healthcare coverage for individuals which includes cannabinoid therapeutic treatments."  

About Evergreen Pacific Insurance Corporation

Evergreen Pacific Insurance Corporation is a financial-services holding company. Evergreen Pacific owns, operates, and invests in businesses involved in designing, developing and distributing highly innovative insurance products and risk management solutions.   www.evergreenpacific.ca

About Synergy Health Services

Synergy Health Services owns and operates multidisciplinary wellness centres which provide evidence-based natural healthcare to clients seeking to change or to improve their lives.  Synergy combines traditional medical pain management with chiropractics, yoga, physiotherapy, acupuncture and massage in the care of patients.

About BuyWell.com

BuyWell.com launched in September 2018 and has already asserted itself as the preeminent Canadian e-commerce marketplace for health and wellness products and services.  www.BuyWell.com.

The information contained in this news release is provided for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Evergreen Pacific Insurance Corporation ("Evergreen Pacific") or other related entities. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this news release are provided for information purposes only. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this news release. Except for statements of historical fact, this news release may contain certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. This news release does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person as defined in Regulation S under the United States Securities Act of 1933 (as amended the "Securities Act"), or in any other jurisdiction in which such an offer would be illegal. Evergreen Pacific's shares have not been and will not be registered under the Securities Act.

SOURCE Evergreen Pacific Insurance Corporation

Gordon Forstner, Forstner Group Inc., 416-560-8056, [email protected]