Move Health and No Fear Counselling Unite for Greater Care
Move Health Holdings Corp and No Fear Counselling Merge Successfully
Move Health Holdings Corp and No Fear Counselling Corp have just completed a significant merger that marks a new era in healthcare. This collaboration is set to combine their strengths and expertise to create a robust healthcare option for Canadians.
Details of the Merger
The merger, which was unanimously approved in a recent Special Shareholders Meeting, signifies a vital step for both organizations. They initially announced plans for the merger in a joint statement earlier this summer. Now, the newly formed entity operates from over 70 locations and employs a team of more than 300 healthcare professionals, including physicians, nurse practitioners, and licensed therapists.
Financial Overview and Services Offered
In terms of financial strength, the combined organization is projected to achieve annual revenues around $10 million with gross margins of approximately 38%. They provide vital healthcare services around the clock, enhanced by their telemedicine platform, which significantly increases accessibility for patients in need. Services offered include:
• Primary care through Lyte Medical's telemedicine platform, available 24/7
• A comprehensive range of allied health services such as physiotherapy, chiropractic, and registered massage therapy
• Mental health support through No Fear Counselling
• Educational resources and prescriptions related to medical cannabis via ReLeave Therapeutics
Leadership's Vision for the Future
Gary Prihar, Chair & CEO of Move Health, expressed his excitement over this merger, stating, "This is a momentous day for shareholders and the healthcare community. We are excited to better serve millions of Canadians with our integrated services." Meanwhile, No Fear Counselling CEO, Harry Parmar, added, "Together, we’re uniquely positioned to push forward our vision for accessible, patient-centric healthcare across Canada. With increased resources and services, we can meet the needs of a larger patient base."
Board Composition and Acknowledgements
Following the merger, the combined organization will have a new board consisting of five directors, including noted leaders from both companies. The leadership expressed tremendous gratitude to the outgoing directors for their support and expertise that steered the organization towards its significant growth over the previous years. Their contributions have paved the way for this new venture.
Committing to Innovative Care
As the newly merged entity embarks on this exciting chapter, it is dedicated to improving healthcare access for all Canadians. By integrating modern technologies with personalized care services, the organization aims to ensure every individual can avail themselves of top-notch health services regardless of their location.
About Move Health Holdings Corp
Founded in 2019, Move Health has emerged as a key provider in national primary and allied healthcare. Their services range from telemedicine options, permitting patients to receive immediate care from home, to in-person treatments at various clinics. Move Health is also invested in corporate wellness and comprehensive medical support.
About No Fear Counselling Corp
No Fear Counselling, established in 2016, is dedicated to transforming mental health support. With locations extending across the nation and a compassionate team of therapists, their mission revolves around ensuring no one faces their difficulties alone.
Frequently Asked Questions
1. What prompted the merger between Move Health and No Fear Counselling?
The merger aims to consolidate resources and expertise to enhance healthcare services for Canadians seeking holistic care.
2. How will patients benefit from the combined services?
Patients will have improved access to a wider range of health services, including 24/7 telemedicine, mental health support, and specialized treatments.
3. What are the projected revenues for the newly merged organization?
They are anticipating annual revenues of around $10 million following the merger.
4. Where can patients receive care from the merged organization?
The organization operates at over 70 locations across Canada, providing a comprehensive array of healthcare services.
5. Who will lead the new organization following the merger?
The new board will consist of experienced leaders from both organizations dedicated to driving growth and improving healthcare access.
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