Agility Health, Inc.
TSX VENTURE : AHI

Agility Health, Inc.

December 09, 2014 09:21 ET

Agility Health Announces Appointment of Chief Corporate Development Officer

GRAND RAPIDS, MICHIGAN--(Marketwired - Dec. 9, 2014) - Agility Health, Inc. (TSX VENTURE:AHI) ("Agility Health"), a leading provider of physical rehabilitation and software services that benefit patients, healthcare providers and employers, is pleased to announce the appointment of Mr. Terry Vanderkruyk as Chief Corporate Development Officer of Agility Health.

"We are delighted to have Terry join the Agility team," stated Steve Davidson, CEO of Agility Health. "His experience in the life sciences sector with a focus on business development, acquisitions, finance and investor relations is a great fit with the next phase of growth at Agility."

Mr. Vanderkruyk began his career with the Medical Products Group of Johnson and Johnson Inc. and has held a variety of senior management positions in the healthcare arena. For the past eight years, he was Chief Corporate Development Officer with Coastal Contacts Inc. with responsibility for acquisitions, business development and investor relations. Coastal Contacts, the leading global direct to consumer retailer of eyewear, was acquired in early 2014 for approximately $430 million by Essilor International. Coastal was co-listed on the TSX and NASDAQ at the time of the purchase.

Grant of Stock Options

Agility Health has granted 450,000 stock options to Mr. Vanderkruyk in connection with his appointment. The stock options are exercisable at a price of CDN$0.24/share and expire five years from the date of the grant. The stock options vest in three equal installments of 150,000 options each on July 1, 2015, January 1, 2016, and January 1, 2017.

About Agility Health

Through its subsidiary and principal operating entity, Agility Health, LLC, Agility Health operates a multi-state network of outpatient rehabilitation clinics and provides contracted services to hospitals, nursing homes and other institutional clients, providing care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and a variety of other injuries and conditions. In addition, Agility Health provides a number of ancillary services related to physical rehabilitation, including practice management software systems and custom orthotics. As of December 9, 2014, Agility Health operates 74 outpatient or onsite rehabilitation locations in 17 states. Agility Health's contract therapy services business provides rehabilitative services to 42 hospitals and inpatient rehabilitation units, 35 nursing homes, long-term care facilities and other service locations in 9 states. For more information, please visit investors.agilityhealth.com.

Cautionary Statements

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

This release includes 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, including the anticipated future growth of Agility Health, 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 assumptions 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 revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contact Information

  • Steven N. Davidson
    Chairman and Chief Executive Officer
    (616) 356-5000

    Terry Vanderkruyk
    Chief Corporate Development Officer
    (604) 961-3844
    terry@agilityhealth.com