Agility Health Inc.
TSX VENTURE : AHI

June 20, 2016 17:27 ET

Agility Health Announces the Appointment of a New Chief Financial Officer

GRAND RAPIDS, MICHIGAN--(Marketwired - June 20, 2016) - Agility Health, Inc. ("Agility Health" or "the Company") (TSX VENTURE:AHI), a leading provider of rehabilitation and software services that benefit patients, healthcare providers and employers, announced today the appointment of Mr. Kevin Ma, CPA, CA as the Company's Chief Financial Officer (interim) effective July 1, 2016. Mr. Ma brings extensive public capital market experience to the Company.

"We are pleased that Kevin can step in and support Agility at this exciting transitional stage," commented Mr. Davidson, Agility Health's Chief Executive Officer. Mr. Ma is a senior financial management executive with +10 years of professional experience in corporate finance, capital markets, financial reporting, due diligence, negotiation, strategic planning and analysis and treasury and systems implementation. Mr. Ma is currently the Principal and Founder of Skanderbeg Financial Advisory Inc., a professional corporation, which provides corporate finance, mergers and acquisitions, and strategic advisory services to public and private enterprises. In addition, Mr. Ma is currently acting as Chief Financial Officer for Carl Data Solutions Inc., Director and Audit Committee Chairman for Taipan Resources Inc., and senior officer and director for several privately held companies. Mr. Ma is a Chartered Accountant certified by the Institute of Chartered Professional Accountants of British Columbia, and holds a Diploma in Accounting and a Bachelor of Arts degree from the University of British Columbia.

Concurrently, Adam Kinder, the Company's current interim Chief Financial Officer resigned from the Company effective June 30, 2016. Mr. Kinder will remain available to the Company to provide a smooth transition of duties. The Company has initiated an external search for a full-time successor as CFO.

"We appreciate Adam's hard work and contributions to the Company," stated Steve Davidson, CEO of Agility Health. "He has been instrumental in the financial improvement Agility Health has experienced during the last two years. We wish him the very best in his new position."

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 31, 2015, Agility Health operates 87 outpatient or onsite rehabilitation locations in 14 states. Agility Health's contract therapy services business provides rehabilitative services to 33 hospitals and inpatient rehabilitation units, 28 nursing homes, long-term care facilities and other service locations in 8 states. For more information, please visit investors.agilityhealth.com.

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, 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 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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