Agility Health, Inc.
TSX VENTURE : AHI

Agility Health, Inc.

May 16, 2016 08:00 ET

Agility Health Expands Partnership With Boeing and Starts a New Clinic at Border Therapy Services, LLC

GRAND RAPIDS, MICHIGAN--(Marketwired - May 16, 2016) - Agility Health, Inc. (TSX VENTURE:AHI) ("Agility Health" or "the Company"), a leading provider of rehabilitation and software services that benefit patients, healthcare providers and employers, announced today the expansion of its service relationship with The Boeing Company and the opening of a new clinic.

Work-Fit, a subsidiary of Agility Health, is expanding its injury prevention services within the Fabrication Division of Boeing. Work-Fit anticipates an increase in its services of more than 70 percent at three current Boeing locations within the Puget Sound area of Washington. In addition, Work-Fit will provide services to two new Boeing locations: Portland, Oregon and Salt Lake City, Utah. This expansion complements existing services provided by Work-Fit at other Boeing locations across the country, and comes on the heels of a previously announced expansion of services in October 2015. The services Work-Fit provides are a key component of Boeing's innovative Industrial Athlete program.

"We are delighted to continue to expand our relationship with The Boeing Company," stated Steve Davidson, CEO of Agility Health. "This latest expansion is evidence of continued support for on-site athletic training services that are focused on injury prevention. We are pleased to be able to assist our corporate clients, like The Boeing Company, in managing healthcare costs while also working to create a positive and healthy environment for their employees."

Border Therapy Services, LLC, one of the Company's subsidiaries, has opened a new 2,400-square foot outpatient rehabilitation clinic in Horizon City, Texas, a suburb of El Paso. This is the second clinic that Border Therapy has opened in the greater El Paso area in the last 24 months, and brings the total number of Border Therapy clinics to five.

"We are excited to continue the expansion of Border Therapy's services in the greater El Paso market," stated Mr. Davison. "The new clinic is a reflection of the tremendous growth that Border Therapy has experienced over the last several years and extends our strategy of identifying "greenfield" expansion opportunities within our existing footprints."

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.

Neither the 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.

Contact Information

  • Ray Matthews and Associates
    Ray Matthews
    (604) 818-7778
    ray@raymatthews.ca

    Agility Health, Inc.
    Steve Davidson
    (616) 356-5000