Centric Health Divests MEDIchair and Motion Specialties Retail Home Medical Operations to Birch Hill Equity Partners for $50 Million Canada NewsWire
- Centric Health sharpens focus on high margin healthcare services
businesses, driving sustainable long-term value and growth - TORONTO , June 23, 2014 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX:
CHH) , Canada's leading diversified healthcare company, today announced
that it has entered into a definitive agreement to sell its MEDIchair
and Motion Specialties retail home medical operations to Canadian-based
Birch Hill Equity Partners ("Birch Hill") for $50 million .
Centric Health Completes Sale of MEDIchair and Motion Specialties Retail Home Medical Operations Canada NewsWire
"The net proceeds from the sale of MEDIchair and Motion Specialties, combined with the previously completed sale of DNPI Group methadone pharmacy operations, will allow us to further reduce our debt level as part of our strategic priority to strengthen our balance sheet," said David Cutler , President and Chief Executive Officer, Centric Health Corporation.
The Wet Seal, Inc. (Nasdaq: WTSL), a leading specialty retailer to young
women, today announced that Christine Lee has been appointed Executive
Vice President and Chief Merchandising Officer, starting on September 3,
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