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Toronto, Ontario--(Newsfile Corp. - June 13, 2025) - LevelJump Healthcare Corp. (TSXV: JUMP) ("LevelJump" or the "Company"), is pleased to announce that its subsidiary, Canadian Teleradiology Services ("CTS"), has signed a definitive agreement to acquire two diagnostic imaging clinics, also known as independent healthcare facilities ("IHFs"), from private Alberta vendors.
The purchase price is $1.92 million cash which includes a $20,000 deposit.
The transaction is targeted to close in July 2025 and is subject to several conditions, including but not limited to, required regulatory approval, satisfactory due diligence and securing an institutional credit facility to fund the balance of the cash portion of the purchase price.
These IHFs offer medical imaging including x-ray, ultrasound, and mammography scans. The IHFs are in Calgary, Alberta.
Combined, the two IHF's are currently reporting revenue of approximately $2.2 million with EBITDA of approximately $500,000.
"This acquisition marks another important milestone for LevelJump," said Mitch Geisler, CEO of LevelJump. "The transaction will be accretive and support the continued expansion of our diagnostic services. We remain focused on growing our ADC brand and enhancing our footprint in the Alberta healthcare sector."
Update on Year End Reporting Documents
Further to its news release of April 30, 2025, the Company wishes to advise that completion and filing of its 2024 year end reporting documents has been delayed slightly and now anticipates completing and filing them in the next 7 to 10 days. Once the filings are made and the current cease trade order is revoked, the Company will be proceeding with an application to reinstate trading of its common shares on the TSX Venture Exchange.
About LevelJump Healthcare
LevelJump Healthcare Corp., (TSXV: JUMP) provides telehealth solutions to client hospitals and imaging centers through its Teleradiology division, as well as in person radiology services through its Diagnostic Centres. JUMP focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities we serve.
ON BEHALF OF THE BOARD OF DIRECTORS OF
LEVELJUMP HEALTHCARE CORP.
Mitchell Geisler, Chief Executive Officer
[email protected]
(833) 840-2020
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, Canadian Teleradiology Services, Inc., their securities, or their respective financial or operating results (as applicable).
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255450
