Centric Health Appoints Chris Dennis Interim President of Retail/Home Medical Equipment Segment

- Mr. Dennis to Continue in Role as Chief Operating Officer of Centric Health -

TORONTO, Jan. 13, 2014 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), today announced that, effectively immediately, Mr. Chris Dennis has been appointed interim president of the Company's Retail and Home Medical Equipment segment, which includes its national network of Motion Specialties and MEDIchair retail stores. Mr. Dennis will continue in his current role of Chief Operating Officer of Centric Health. David Fraser, previously president of the Motion Specialties subsidiary, is no longer with Centric Health.

"Our Retail and Home Medical Equipment segment represents a significant opportunity for our Company," said David Cutler, President and Chief Executive Officer, Centric Health Corporation. "Realizing the full potential of Retail/HME is a top priority for the Centric Health management team, and, with these expanded responsibilities, we believe Chris will be able to fully apply his extensive experience and expertise to develop and enhance the value inherent in the business.  Over his impressive career, Chris has demonstrated an ability to maximize operational efficiencies and generate organic growth. His leadership at Motion and MEDIchair will be vital as we continue to integrate our various business units and position the Company to capitalize on the many opportunities that exist within our organization. I'd like to thank David Fraser for his many contributions to the company and wish him the best in his future projects."

Prior to being appointed COO of Centric Health in March, 2013, Mr. Dennis served as president and chief executive officer of Novadent Inc., a dental lab company, and president and chief executive officer of Comcare Healthcare, one of Canada's largest homecare providers, both of which were owned by Birch Hill Equity Partners. Earlier in his career, Mr. Dennis spent 18 years with Johnson & Johnson, culminating in the position of Global President, OrthoNeutrogena, Pharma and Medical Devices.

"I am very excited about the opportunity to continue our focus on driving improved performance at our Motion Specialties stores, while continuing to foster growth and enhance support for our MEDIchair franchisees," said Mr. Dennis.

Centric Health currently operates 94 retail and home medical locations across Canada through Motion Specialties (24 locations) and MEDIchair (8 corporate stores and 62 franchise locations).

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.

SOURCE: Centric Health Corporation

Daniel Gagnon
Chief Financial Officer
Centric Health
416-619-9417
[email protected]

Lawrence Chamberlain
Investor Relations
TMX Equicom
416-815-0700 ext. 257
[email protected]