Agility Health Announces Appointment of New Chief Financial, New Corporate Secretary

03/08/18 04:03 AM EST


Grand Rapids, Michigan / TheNewswire / March 8, 2018 Agility Health, Inc. (TSXV: AHI) (“ Agility Health ” or, the “ Company ”), a leading provider of orthotics, prosthetics and foot care services in Canada, today announced the appointment of Randy Koroll, 53, as Chief Financial Officer.  Mr. Koroll will succeed Patrick Reid, who had been serving as CFO since May 2017.  Mr. Reid resigned from the Company immediately following the previously announced acquisition of Agility Health’s U.S. operations by Alliance Physical Therapy Management, LLC (“Alliance”), a wholly-owned subsidiary of Alliance Physical Therapy Partners, LLC, which is a portfolio company of GPB Capital Holdings, LLC.  


Mr. Koroll has over 30 years of experience in the accounting industry, mainly focusing on the small-to-medium sized business segments.  He has been serving as a CFO to publicly traded companies on both the TSX-V and CSE since 2005 and has served on several board of directors, primarily as Audit Committee Chairman.  He currently serves as the CFO of Star Navigation Systems Group Ltd., a position he’s held since May 2009.


The Company also announced today that Wayne Cockburn, 61, Vice President, Corporate Development, has been appointed as the Company’s Corporate Secretary effective March 5, 2018. Mr. Cockburn replaces Joseph Laurent, who had been the Company's Corporate Secretary since November 21, 2017.  Mr. Laurent also resigned from Agility Health immediately following the Alliance transaction.


Mr. Cockburn has spent a 35-year career in business development and the capital markets, and currently serves as Vice President, Corporate Development at Agility Health.  Prior to joining the Company, Mr. Cockburn was an investment banker with International Capital Management/Gravitas Securities where he focused on emerging companies in the life sciences and technology industries. Mr. Cockburn’s background includes strategic planning, corporate finance, corporate partnering, corporate governance, capital markets and mergers and acquisitions.  Mr. Cockburn has also served on the board of directors of several private and public companies.


About Agility Health

Through its Canadian subsidiary and principal operating entity, Medic Holdings Corp., Agility Health operates twelve (12) foot care clinics in Ontario and Quebec and manufactures orthotics and prosthetics.


Forward-Looking Information


This press release contains forward-looking statements regarding Agility Health and its business.  Such statements are based on the current expectations and views of future events of Agility Health’s management.  In some cases, the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements.  The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company.  No forward-looking statement can be guaranteed.  Forward-looking statements and information by their nature are based on assumption and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information.  Accordingly, readers should not place undue reliance on any forward-looking statements or information.  Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Agility Health undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future events, or otherwise.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For further information, please contact:


Wayne Cockburn

Vice President, Corporate Development

(905) 505-0770


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