TORONTO, March 1, 2022 /CNW/ - Think Research Corporation (TSXV: THNK) ("Think" or the "Company"), a company focused on transforming healthcare through digital health software solutions, is pleased to announce its subsidiary Clinic 360 Inc. ("Clinic 360") has entered into a patient-sharing arrangement with Peel Weight Loss Clinic to better meet the needs of its gastric sleeve patients.
Clinic 360, already a Canadian leader in bariatric surgeries, will expand with a new office in Brampton, Ontario. Peel Weight Loss Clinic has entered into a patient-sharing agreement with Clinic 360, under which it will transfer existing and future patients to Clinic 360. Surgeon and Peel Weight Loss Clinic owner Dr. Pavi Kundhal will join the team of 360 Sleeve bariatric surgeons at Clinic 360 and perform surgeries, manage patient consultations and after-surgery care.
Sachin Aggarwal, Think Research CEO said, "This partnership further cements Clinic 360 as a Canadian leader for important gastric sleeve weight loss surgery in Ontario. We are excited for the surgical team and staff to support more patients in their weight loss journey through gastric sleeve surgery. This comes at a critical time with significant backlogs in the Canadian public healthcare system leading to high demand for the services offered by Clinic 360."
Think acquired Toronto-based Clinic 360 in 2021 and it is a key brand in the Company's consumer health portfolio. Clinic 360 provides bariatric and elective surgery and operates two world class surgical suites.
"I have long had an outstanding working relationship with the staff and surgeons at Clinic 360, and this new partnership builds on that while ensuring our patients receive the best possible care and continue to live a healthy life through weight loss," said Dr. Pavi Kundhal.
The patient-sharing arrangement between Peel Weight Loss Clinic and Clinic 360 is expected to increase bariatric patient volumes at Clinic 360 by up to 25%, over Clinic 360's 2021 patient volumes.
About Think Research Corporation
Think Research is an industry leader in delivering knowledge-based digital healthcare software solutions. The Company's focused mission is to organize the world's health knowledge so everyone gets the best care. Its evidence-based healthcare technology solutions support the clinical decision-making process, standardize care, and improve patient outcomes. For over a decade, Think's cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care – including primary physician care, acute care hospitals and surgical suites as well as community and seniors' care. Think is proud to serve as a trusted health system partner to a rapidly growing, global client base that spans five continents across more than 13,000 healthcare facilities, with a clinical audience of over 300,000 doctors, nurses and pharmacists.
Caution Regarding Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may be identified by statements including words such as: "anticipate," "intend," "plan," "budget," "believe," "project," "estimate," "expect," "scheduled," "forecast," "strategy," "future," "likely," "may," "to be," "could,", "would," "should," "will" and similar references to future periods or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Statements including forward-looking information may include, without limitation, statements regarding the opening of a Clinic 360 office in Brampton, Ontario; the transfer of existing and future Peel Weight Loss Clinic patients to Clinic 360; Dr. Kundhal joining Clinic 360; the increase in the number of patients of Clinic 360 and the services anticipated to be provided to such patients; the future demand for Clinic 360's services; and the expected increase in bariatric patient volumes at Clinic 360.
Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to the Company's business objectives and strategies, results of operations, and financial results. The Company considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. By its nature, forward-looking information involves known and unknown risks, uncertainties, changes in circumstances and other factors that are difficult to predict and many of which are outside of the Company's control which may cause the Company's actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The Company's actual results may differ materially from those indicated in the forward-looking information. Important factors that could cause actual results to differ materially from those indicated in the forward-looking information include, among others, the risk factors described under the heading "Caution Regarding Forward Looking Information" in the Company's Management's Discussion & Analysis for the three and nine months ended September 30, 2021, which is available on the Company's profile at www.sedar.com. The Company has assumed that the risk factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events. The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements.
Other than as specifically required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, whether as a result of new information, future events or results, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.
For more information: https://www.thinkresearch.com/ca/investors/
SOURCE Think Research Corporation
Mark Sakamoto, EVP, Think Research, Direct: 416.388.7119 , [email protected]
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