Agility Health, Inc. Completes Consolidation of Common Shares


GRAND RAPIDS, MICHIGAN--(Marketwired - Oct. 10, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Agility Health, Inc. (TSX VENTURE:AHI) ("Agility Health"), a healthcare services company with its headquarters in Grand Rapids, Michigan announced today that in connection with the completion of its going public transaction, it has consolidated its common share capital on the basis of one post-consolidation voting common share or restricted voting common share, as applicable, for every two pre-consolidation voting common shares or restricted voting common shares, as applicable, issued and outstanding (the "Consolidation").

As a result of the implementation of the Consolidation, trading of the voting common shares is now expected to commence on the TSX Venture Exchange (the "Exchange") under the symbol AHI on October 11, 2013. Registered holders of voting common shares will receive in due course a letter of transmittal with detailed instructions regarding how to surrender such share certificates for certificates representing post-Consolidation voting common shares.

Currently, the Company has 30,598,763 voting common shares and 114,065,000 restricted voting common shares issued and outstanding. After giving effect to the Consolidation, it expects to have approximately 15,299,376 voting common shares and 57,032,500 restricted voting common shares issued and outstanding. Agility Health received the approval of its shareholders authorizing the Board of Directors to effect the Consolidation at its extraordinary general meeting held on September 26, 2013.

Completion of the Consolidation is subject to approval by the Exchange.

Information Concerning Agility

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 March 31, 2013, Agility Health operated 47 outpatient rehabilitation clinics in eight states. Agility Health's contract therapy services business provided rehabilitative services to 29 hospitals and inpatient rehabilitation units, 47 nursing homes, long-term care facilities and other service locations in 13 states.

Cautionary Statements

The TSX-V has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this press release.

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.

Any securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 and accordingly will not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to applicable exemptions from the registration requirements.

Contact Information:

Agility Health, Inc.
Steven N. Davidson
Chief Executive Officer
(616) 356-5000

Media Contact:
Timothy Sipols
Lambert Edwards & Associates
(616) 233-0500
tsipols@lambert-edwards.com