- Datametrex AI (DM) has acquired Imagine Health Medical Clinics Ltd., Imagine Health Pharmacies & Research Ltd. and Imagine Health Physio Ltd.
- Datametrex acquired all of the issued and outstanding shares of Imagine Health corporate entities for two sites in Alberta
- The Imagine Health entities are now wholly-owned subsidiaries of Datametrex
- This acquisition provides Datametrex with a turnkey opportunity for a fully operational health clinic business
- CEO, Marshall Gunter, sat down with Sabrina Cuthbert to discuss the acquisition
- Imagine Health Centres is a medical centre staffed by medical doctors, nurses, and other licensed healthcare practitioners
- Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, machine learning, and telehealth
- Datametrex AI Ltd. (DM) opened trading at C$0.08
Datametrex AI (DM) has acquired Imagine Health Medical Clinics Ltd., Imagine Health Pharmacies & Research Ltd. and Imagine Health Physio Ltd.
The acquisition of Imagine Health was completed by way of a share purchase agreement dated November 29, 2022, between Datametrex, Imagine Health, and the shareholders of Imagine Health.
Datametrex acquired all of the issued and outstanding shares of Imagine Health corporate entities for two sites in Alberta (one in Calgary and one in Edmonton) for a purchase price of $2,600,000, satisfied by $1,300,000 in cash, 5,000,000 common shares of Datametrex, and a secured vendor take-back note with a principal amount of $800,000 payable in installments of 6, 12 and 18 months. The note is secured by the assets of Imagine Health. Datametrex has committed to expanding Imagine Health by way of working and growth capital contribution of up to $1,000,000 to Imagine Health over a period of twelve months from the date of the acquisition.
The Imagine Health entities are now wholly-owned subsidiaries of Datametrex. Imagine Health co-founder Dr. Jonathan Chan will act as Chief Operating Officer of Imagine Health Medical Clinics Ltd. and Imagine Health Physio Ltd. Imagine Health co-founder Mr. Ray Yue will act as Chief Operating Officer of Imagine Health Pharmacies & Research Ltd., ensuring the continuity of growth and leadership of Imagine Health.
Imagine Health Centres have been operating for over five years in Calgary and Edmonton. The centres had a strong client base with gross revenue from operations last year of approximately $5 million.
This acquisition provides Datametrex with a turnkey opportunity for a fully operational health clinic business, which integrates with the company’s other medical initiatives in telehealth, Medi-Call Inc. The Company has plans to expand additional Imagine Health Centres across Canada with an immediate focus on B.C. and Ontario.
Datametrex paid a cash consulting fee of $104,000 to 1912166 Alberta Ltd.
Marshall Gunter, CEO of Datametrex, sat down with Sabrina Cuthbert to discuss the acquisition.
“What’s great about this deal is that Imagine Health is an already established business with a patient roster, doctors and medical staff that have been helping Canadians improve their health. This aligns with our telehealth business, Medi-Call, which we will adapt into this new partnership. With plans to expand Imagine Health to Vancouver and Toronto, Datametrex is excited to advance deeper into the medical and health industry and can expect fantastic returns.”
Imagine Health Centres is a medical centre staffed by medical doctors, nurses, and other licensed healthcare practitioners. Their multidisciplinary approach to healthcare incorporates the expertise of a range of specialists all in one clinic. Imagine Health Centres prides itself on being at the forefront of the medical clinic industry by being an innovator and provider of a wide range of high-quality healthcare services.
Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, machine learning, and telehealth and has recently entered the electric vehicle (EV) market.
Datametrex AI Ltd. (DM) opened trading at C$0.08.
