Centric Health terminates acquisition of DNPI Group

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Mar 5 2011

Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare services company, today announced that in terms of previous announcements dated December 22, 2010 and January 12, 2011, it has terminated discussions for the acquisition of Dedicated National Pharmacies Inc., Methadrug Clinic Limited and Union Medical Pharmacy Inc. ("DNPI Group") from the court-appointed receiver of the DNPI Group.

"Despite numerous extensions, certain material conditions precedent related to the transaction could not be fulfilled. The Company has decided not to continue with the transaction," said Dr. Jack Shevel, Chairman of Centric Health Corporation.

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CENTRIC HEALTH CORPORATION

Posted in: Business / Finance

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