TORONTO, Feb. 22, 2013 /CNW/ - Centric Health Corporation ("Centric Health" or
"the Company") (TSX: CHH), Canada's leading diversified healthcare company, is
pleased to announce that Mr. Yazdi J. Bharucha, CA, ICD.D, was appointed today
as an independent member of the Board of Directors of the Company. Mr.
Bharucha has also been named as Chair of the Audit Committee and will be
appointed to selected Board sub-committees.
"We are pleased to welcome Mr. Bharucha to the Board of Directors," said Dr.
Jack Shevel, Chairman, Centric Health Corporation. "With an extensive and
formidable track record in senior leadership and Board positions, including
more than a decade as CFO of one of Canada's most successful REITs, we look
forward to benefitting from his expertise in the areas of corporate governance
and oversight in serving the long-term interests of stakeholders through
ensuring Centric's integrity, transparency and long-term strength. Mr
Bharucha's experience in healthcare organizations will certainly stand Centric
in good stead as it focuses on its strategy of providing solutions centered on
patients and healthcare professionals with the imperative of delivering
quality care and outcomes."
Mr. Bharucha currently serves on the Board of Directors of Genesis Land
Development Corp (TSX: GDC); Rouge Valley Hospital System, one of Ontario's
largest integrated hospital and health systems; Goodwill Industries Inc.; and
on the Board of Trustees of Alosinac Trust, a private realty trust. Mr.
Bharucha enjoyed an accomplished 30-year career during which he held various
senior financial and management positions at both private and public companies
and, during his career, he developed a strong interest in health care issues,
as well as in the health interests of diverse communities. Notably, Mr.
Bharucha was a founder of Canadian Apartment Properties Real Estate Investment
Trust (CAP REIT) (TSX: CAR.UN), now one of Canada's largest apartment
landlords, and served as the Chief Financial Officer and Secretary from 1997
until his retirement in 2009. He was nominated in 2009 for Canada's CFO of the
Year Award by Financial Executives International Canada. Mr. Bharucha is a
Chartered Accountant and is a graduate of the Directors Education Program
(ICD.D.), Rotman School of Management.
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
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
David Cutler President and Chief Executive Officer Centric Health Corporation
Lawrence Chamberlain Investor Relations TMX Equicom 416-815-0700 ext. 257
SOURCE: Centric Health Corporation
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-0- Feb/22/2013 12:00 GMT
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