- Jack Nathan Health (JNH) subsidiary JNH Medico Mexico S.A. DE C.V has signed an addendum to its ongoing Master Service Agreement
- The MSA opens the door to Jack Nathan’s rapid expansion in Mexico
- The planning and opening of new clinics will begin immediately and build on the company’s 18 existing clinics
- The new JNH clinics in Mexico will reach a wide range of people and will provide access to healthcare for those living in rural areas, mid-sized and large cities
- Jack Nathan Medical Corp., operating as Jack Nathan Health, is one of Canada’s largest health care networks
- Jack Nathan Health (JNH) opened trading at C$0.80 per share
Jack Nathan Medical (JNH) subsidiary JNH Medico Mexico S.A. DE C.V has signed an addendum to its ongoing Master Service Agreement (“MSA”).
The MSA gives Jack Nathan Health an additional 153 new locations for medical clinic expansion, increasing the total number of future clinics to 203, all corporately owned and operated.
This represents the most significant growth expansion in the company’s history and positions Jack Nathan Health to have a significant presence as a provider of accessible healthcare services in Mexico. The planning and opening of new clinics will begin immediately and build on the company’s 18 existing clinics.
Jack Nathan Health provides a wide range of health care services at its Mexican locations, all located within Walmart stores. These in-store locations include access to ample parking, on-site pharmacy, grocery, and retail.
Clinics provide communities with increased access to consistent, quality, affordable healthcare, including primary and family healthcare.
The new JNH clinics in Mexico will reach a wide range of people and will provide access to quality healthcare for those living in rural areas, tourist destinations, small, mid, and large-sized cities. This expansion will be the first step towards the creation of a new ecosystem in Mexico based on a patient-centered model.
“This landmark expansion is a giant leap forward to revolutionizing health care in Mexico. It is tremendous news for both citizens and visitors to Mexico. Jack Nathan Health, in partnership with Walmart, is now positioning itself to become the largest physician serviced health care network in Mexico. Walmart Mexico services communities in which we operate. The addition of a country wide Telemedicine operation onboarding to all Walmart Mexico online brands, further extends our reach by providing convenience and care to underserviced communities, aging demographics and taking care of loved ones. All by providing instant access. Providing expanded access to quality healthcare services is critical to preventative health and wellness,” said Chairman and Chief Executive Officer George Barakat.
“This expansion more than 10 folds our footprint both physically and digitally within a vast region where there is incredible demand, amidst significant shortages for quality healthcare. This surging demand, coupled with our ability to quickly open new clinics, is expected to result in sustainable revenue and a noticeably short time to achieve accretive clinic operations. We are proud to move this initiative forward as it positively impacts the communities it serves and the physician opportunities it represents. This massive expansion also represents significant employment opportunities for citizens in Mexico. At Jack Nathan Health, we believe that we are going to ‘Revolutionize Health Care’ as we embark on this historic growth phase.”
“Our state-of-the-art clinics, along with Telemedicine services, bring significant access and growth to innovative healthcare solutions,” said Laura Camacho, Country Manager of Jack Nathan Health Mexico. “Coupled with the convenience of being located inside Walmart, ample access to parking, and other amenities, this expansion is fulfilling Jack Nathan Health’s mission to provide a full circle of care that enables people to live their best lives.”
Jack Nathan Medical Corp., operating as Jack Nathan Health, is a Canadian healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services inside Walmart stores.
Jack Nathan Health (JNH) opened trading at C$0.80 per share.