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NeuPath (TSXV:NPTH) shares new growth plan

Health Care
TSXV:NPTH
25 July 2022 14:30 (EDT)
NeuPath Health Inc. - Executive Chair, Dianne Carmichael

Source: Dianne Carmichael

NeuPath Health (NPTH) has announced a strategic growth plan to accelerate its platform for Canadian patients with musculoskeletal conditions.

NeuPath is a vertically integrated health care provider helping restore function for patients impacted by chronic pain, spinal injuries, sports-related injuries, and concussions.

With equity ownership in seventeen clinics in Ontario and Alberta, NeuPath is building out a large-scale network to better serve patients across Canada as it sees its 14th consecutive positive adjusted EBITA next month.

NeuPath believes recently identified opportunities will provide a broader field of care and could be done across Canada to start with.

The company stated its patients and stakeholders should expect to see new tools and solutions that help ease the navigation of a coordinated patient journey towards even further improved patient outcomes. New tools are allegedly being deployed in the near term and include digital tools, navigation, and fluoroscopy suites.

As a part of the new growth plan, Dianne Carmichael has accepted the newly created role of Executive Chair and will be supported by Joseph Walewicz in the new role of Chief Business Officer.

“We all know how important healthcare is, yet so many people find the treatment journey to be complex and riddled with delays… we have a solid base to further broaden our offering in scope and geography, ultimately delivering the best care to more patients,” Carmichael said.

NeuPath Health Inc. (NPTH) is up 20.00 per cent and is trading at $0.30 per share as of 2:25 p.m. ET.


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