Business
Centric Health Announces Management Change
Centric Health Announces Management Change Centric Health Announces Management Cha...
About this update from Carerx Corporation
[{"type":"text","content":"\n\n\n\nCentric Health Announces Management Change\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCentric Health Announces Management Change\nCanada NewsWire\nTORONTO, May 18, 2016\n\n\n\nTORONTO, May 18, 2016 /CNW/ - Centric Health Corporation (\"Centric Health\" or \"the Company\") (TSX: CHH), Canada's leading diversified healthcare services company, today announced that, effective June 17, 2016, Mr. Daniel Gagnon, Chief Financial Officer, will be leaving the Company to pursue another business opportunity. \n\n\"Since joining Centric Health in 2013, Daniel has been instrumental in the achievement of our top corporate priorities, most notably, the right-sizing of our debt through the divestitures of several non-core business units at very attractive multiples and lender re-financings,\" said David Cutler, Chief Executive Officer. \"On behalf of the Board of Directors, I would like to thank Daniel for his tireless efforts and significant contributions during a transformational period for our Company.  He leaves the Company in a much improved financial position, with a strengthened balance sheet and the financial flexibility to invest in the growth opportunities in our business and an enhanced ability to generate free cash flow.  We wish Daniel every success as pursues his new opportunity.\"\n\nThe Company, in coordination with the Board of Directors, has initiated a search for Mr. Gagnon's successor. Until the appointment of the new CFO, the CEO will assume responsibility for coordinating the functions of the finance team.\n\nMr. Cutler added, \"We have a solid finance team in place and I have the utmost confidence in their experience and expertise to support our business through the transition period to the appointment of Mr. Gagnon's replacement.\"\n\nAbout Centric Health\n\nCentric Health's vision is to be Canada's most respected provider and brand in the independent healthcare sectors in which it operates, world renowned for delivering the highest levels of quality care and outcomes, innovative solutions and value to patients, clients and stakeho...