Centric Health Announces Termination of Proposed Shouldice Acquisition

Centric Health Announces Termination of Proposed Shouldice Acquisition 
TORONTO, Nov. 2, 2012 /CNW/ - Centric Health Corporation ("Centric Health" or 
"the Company") (TSX: CHH), Canada's leading diversified healthcare company, 
today announced that, further to the news release of September 7, 2012, the 
asset purchase agreement to acquire certain assets of Shouldice Hospital 
Limited ("Shouldice"), which was subject to closing conditions and regulatory 
approvals, has expired. Given the recent political developments in Ontario and 
uncertainty regarding timing relating thereto, the parties have agreed not to 
continue with the currently contemplated transaction. 
"We are disappointed not to move forward at this stage," said Dr. Jack Shevel, 
Executive Chairman, Centric Health Corporation. "Shouldice has clearly 
demonstrated that the independent sector can play a meaningful role in 
delivering clinical services of high quality with excellent outcomes. We are 
well positioned with our platform of seven national Surgical Centres 
comprising 19 operating rooms and 86 beds across four provinces to establish 
Centres of Excellence in partnership with Canada's leading healthcare 
professionals." 
About Centric Health's Surgical Centres 
Centric Health has seven Surgical Centres across Canada with a total of 19 
operating rooms and 86 beds. They are composed of Don Mills Surgical Unit in 
Toronto, Ontario, Blue Water's three locations in Sarnia, Windsor and London, 
Ontario, London Scoping Centre in London, Ontario, False Creek Health Centre 
in Vancouver, British Columbia, Canadian Surgical Solutions in Calgary, 
Alberta and Maples Surgical Centre in Winnipeg, Manitoba. The Company plans to 
establish premier Centres of Excellence across Canada focusing on the 
provision of specialty niche healthcare services that offer the highest 
standards of care with cutting edge technology. 
About Centric Health 
Centric Health's vision is to be Canada's premier healthcare company, 
providing innovative solutions centered on patients and healthcare 
professionals. As a diversified healthcare company with investments in several 
niche service areas, Centric Health currently has operations in medical 
assessments, disability and rehabilitation management, physiotherapy and 
surgical centres, homecare, specialty pharmacy and wellness and prevention. 
With knowledge and experience of healthcare delivery in international markets 
and extensive and trusted relationships with payers, physicians, and 
government agencies, Centric Health is pursuing expansion opportunities into 
other healthcare sectors to create value for all stakeholders with an 
unwavering commitment to the highest quality of care. Centric Health is listed 
on the TSX under the symbol CHH. For further information, please visit 
www.centrichealth.ca. 
This press release contains statements that may constitute "forward-looking 
statements" within the meaning of applicable Canadian securities 
legislation. These forward-looking statements include, among others, 
statements regarding business strategy, plans and other expectations, beliefs, 
goals, objectives, information and statements about possible future events. 
Readers are cautioned not to place undue reliance on such forward-looking 
statements. Forward-looking statements are based on current expectations, 
estimates and assumptions that involve a number of risks, which could cause 
actual results to vary and in some instances to differ materially from those 
anticipated by Centric Health and described in the forward-looking statements 
contained in this press release. No assurance can be given that any of the 
events anticipated by the forward-looking statements will transpire or occur 
or, if any of them do so, what benefits Centric Health will derive there-from. 
Peter Walkey Chief Financial Officer Centric Health 416-619-9417 
peter.walkey@centrichealth.ca  Lawrence Chamberlain Investor Relations The 
Equicom Group 416-815-0700 ext. 257 lchamberlain@equicomgroup.com 
SOURCE: Centric Health Corporation 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/November2012/02/c4390.html 
CO: Centric Health Corporation
ST: Ontario
NI: HEA ORDER  
-0- Nov/02/2012 11:00 GMT
 
 
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