Empower Clinics Inc. (CSE:CBDT) (FRA:8EC) (OTCQB:EPWCF) has announced that, effective February 8, 2021, it has inked a partnership with Rexall Pharmacy Group to launch the first of multiple integrated healthcare centres within the group's pharmacies commencing in Ontario, Canada.
The integrated healthcare company said it and Rexall have identified numerous initial locations throughout Ontario, spanning from Ottawa to London and around the Greater Toronto Area.
The group said the size of the locations can range from 1,500 to 4,000 square feet. As each new location is agreed upon, key terms are outlined in a letter of intent and in the lease or sub-lease agreements with the first anticipated agreements February 2021.
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"In our first press release of 2021 announcing the closing of our Canadian Clinics acquisition, I stated Empower had a winning business model with immediate expansion plans throughout Greater Toronto, followed by Ontario and then nationwide with at least 30 clinics in rapid succession. Empower is proud to begin delivering on that promise." said Steven McAuley, chairman & CEO in Tuesday's stagtement.
"To say this is the Company's biggest announcement in its history would not be an overstatement. This partnership with Rexall accelerates our nationwide healthcare expansion strategy, I look forward to bringing Six Sigma philosophies and continuous process improvements to our operations to ensure customers and our patients have access to our primary care and para-medical services for years to come. Today marks a major win for Canadian healthcare and the shareholders of Empower Clinics.
Empower said it will be opening primary care, plus para-medical healthcare services in each of the locations, with a target of four to six medical doctors (MD) and four to six paramedical practitioners per location.
Primary care services will include:
- Family physicians
- Walk-in physicians
- Tele-medicine and virtual care
Paramedical services include:
- Chiropractic
- Physiotherapy
- Registered Massage Therapy
- Chiropody
- Acupuncturists
- Osteopaths
- Nutritionists
Given the anticipated expansion and penetration of Empower Clinics into the Canadian market, the company said it intends to continue adding valuable specialized medical services to strengthen the quality of healthcare at each location that can include:
- Dermatology
- Cardiology
The group also said it currently in advanced discussions with potential partners in each of these specialty areas and believes they hold the potential to add significant value to the operations of each healthcare centre.
Empower Clinics is an integrated healthcare company that provides body and mind wellness for patients through its healthcare centres, with digital and telemedicine care, and world-class medical diagnostics laboratories offering extensive coronavirus (COVID-19) testing.
Supported by an experienced leadership team, the company is aggressively growing its clinical and digital presence across North America. Its Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of patients, while simultaneously providing long term value for shareholders.
Contact the author at jon.hopkins@proactiveinvestors.com