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  • Jack Nathan Medical Corp. (JNH) has acquired a 1,394 square foot medical clinic in Campbell River, becoming the company’s sixth corporate-owned clinic
  • In-clinic and virtual consultations will be available at this location, along with a range of other services
  • As with all Jack Nathan Health clinics located inside Walmart stores, patients will have access to parking, grocery shopping and an on-site pharmacy
  • Jack Nathan Health is one of Canada’s largest healthcare networks
  • Jack Nathan Medical Corp. (JNH) opened trading at C$0.50 per share

Jack Nathan Medical Corp. (JNH) has acquired a 1,394 square foot medical clinic in Campbell River, British Columbia.

Once the clinic in Campbell River becomes fully integrated with Jack Nathan Health’s standardized medical care services, it will become the company’s sixth corporate-owned clinic, resulting in a significant increase in revenue potential.

Jack Nathan Health expects to add high-margin additional service offerings at this location in the future, enabling additional income streams.

“This announcement is another reflection of our ability to execute on our growth strategy and expand our presence into all regions of Canada,” said Mike Marchelletta, Co-founder and Interim Chief Executive Officer of Jack Nathan Health.

“Our goal is to continue converting all of our remaining licensed clinics in this country into corporate-owned medical centres for which we will be able to capture topline revenue and provide Canadians with access to standardized, high quality healthcare services.”

The acquisition supports Jack Nathan Health’s strategic growth initiative in practice management and clinic operations.

As with all Jack Nathan Health clinics located inside Walmart stores, patients visiting this clinic will have access to ample parking, on-site pharmacy, grocery, and other retail services.

Jack Nathan Health is one of Canada’s largest healthcare networks. Jack Nathan Health is an innovative healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services inside Walmart® stores.

Jack Nathan Medical Corp. (JNH) opened trading at C$0.50 per share.

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