Centric Health announces board changes

TORONTO, June 25 /CNW/ - Centric Health Corporation ("Centric Health") (TSX: CHH), a diversified healthcare company with a vision to become Canada's premier healthcare company providing innovative solutions centered around patients and healthcare professionals, today announced changes to the Board of Directors following the Company's annual meeting, held on Tuesday, June 22 at Centric Health's offices in Toronto. Dr. Martin Barkin is stepping down as the Chairman of the Company and Dr. Jack Shevel, current director and Interim President and Chief Executive Officer of Centric Health, will take over as Chairman.

Centric Health is currently interviewing prospective non-executive directors in an effort to further strengthen the boards' composition. The Board of Directors at Centric Health is currently comprised of Dr. Jack Shevel, Darren Youngleson, Ingrid Davis, Bob Wardell and Dr. Tom Magyarody.

About Centric Health

Centric Health's vision is to be Canada's premier healthcare company, providing innovative solutions centered around 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, hospital services 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. Centric Health's strategic advisor is Global Healthcare Investments & Solutions, Inc. (www.ghis.us).

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.

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For further information: Peter Walkey, Chief Financial Officer, Centric Health, 416-481-0834 ext. 309, [email protected]; Michael Moore, Investor Relations, Equicom Group, 416-815-0700 ext. 241, [email protected]