What You Should Know:
– Jack Nathan Medical Corp. (TSXV: JNH; OTCQB: JNHMF), operating as Jack Nathan Health®, a leading Canadian healthcare network has entered into a non-binding letter of intent (LOI) for a proposed transaction. This development follows the company’s recent announcements regarding the exploration of strategic alternatives.
– A 30-day exclusivity period has been agreed upon with the other party involved in the LOI. Jack Nathan Medical Corp. has also secured conditional funding to manage its cash flow during negotiations. There’s no assurance that a definitive agreement will be reached or that the transaction will proceed.
– Jack Nathan Health® is recognized as one of Canada’s largest healthcare networks. The company focuses on improving healthcare access for millions of patients by strategically co-locating physician and ancillary medical services within Walmart® stores.
– The company will provide further details if and when a definitive agreement is signed.
