20+ year technology industry and capital
markets veteran, Arinder S. Mahal,
joins Board
TORONTO, May 17, 2022
/CNW/ - CareSpan Health, Inc. (TSXV: CSPN) ("Company" or
"CareSpan"), enables Nurse Practitioners and Mental Health
providers with leading-edge digital technology addressing the
shortage in primary care and mental health shortage in the U.S. is
pleased to announce the appointment of Arinder S. Mahal to the Board of Directors (the
"Board") of the Company.
"We are thrilled to welcome Arinder to the Board of CareSpan.
His deep experience in the technology, finance and capital markets
complements the skills and experience of incumbent Board
members," said John Reardon,
Board Chairman of Carespan. "Arinder's 20-plus year career in the
technology sector has included roles and experience in executive
and operational management, investment banking, mergers and
acquisitions, and strategic advisory and this deep experience and
knowledge will certainly provide benefit to the Company and help
create value for our shareholders".
Mr. Mahal is Founder and CEO of Antera Inc., a
technology-focused merchant bank, and is a board member of, and
advisor to, other reporting issuers in Canada. Previously he led the technology
investment banking teams at Echelon Wealth Partners, Dundee Capital
Markets, and was a Senior Manager at Deloitte Consulting. Arinder
has a Bachelor of Engineering from the University of
Victoria and a MBA from Schulich School of Business, York
University.
"I am excited to be part of the CareSpan Health Board of
Directors," noted Arinder Mahal.
"The Company is at the forefront of transforming the healthcare
industry in the US by leveraging its one-of-a-kind fully integrated
digital healthcare delivery platform and enabling the Nurse
Practitioners and Mental Health professionals to provide care to
the underserved – there are over 80 million people that live in
areas facing huge shortage of primary care practitioners. After
delivering strong validation of its unique business model and
record revenues in 2021, I am looking forward to helping the Board
and Management Team scale the business and take it to the next
level, as it pursues its mission of serving the underserved using
digital technology."
About CareSpan
CareSpan is a healthcare technology company that has developed
and deployed a unique, proprietary integrated digital care
platform, the CareSpan Clinic-in-the Cloud™, that creates
unfettered access to care for the underserved. With a
patient-centric approach focused on improving health outcomes,
CareSpan uses sophisticated digital tools and capabilities to
improve patient outcomes in primary care, chronic care, urgent
care, and mental health.
In addition to the integrated digital care platform, CareSpan
has built and deployed a business support infrastructure for its
professional network partners, American-Advanced Practice Network
and American-MedPsych Network. American-Advanced Practice Network
harnesses the clinical capabilities of Nurse Practitioners to
address the shortage in primary and chronic care in the country.
American-MedPsych brings together providers to tackle shortages in
mental health, as well as primary care.
Clinic-in-the-Cloud is a trademark of CareSpan USA Inc., a subsidiary of CareSpan Health,
Inc.
For more information, visit: www.carespanhealth.com
Forward-Looking Statements
Disclaimer
This news contains "forward-looking statements" within the
meaning of applicable Canadian securities laws (collectively,
"forward-looking statements") which reflect the current
expectations of management of the company's future growth, results
of operations, performance, and business prospects and
opportunities. Forward-looking statements are frequently, but not
always, identified by words such as "may", "would", "could",
"will", "should", "expect", "plan", "anticipate", "believe",
"estimate", "predict", "potential for", "intend" and similar
expressions or the negative of these terms or other comparable
terminology, although these words may not be present in all
forward-looking statements.
Forward-looking statements are based on management's
assumptions as at the date of the forward-looking statements are
provided, including but not limited to the following: the ability
of the Company to execute its growth plans and business strategies;
the ability of the Company to secure new contracts and assignments;
the growth of the NPs within CareSpan's network; and the ability of
the Company to generate meaningful revenue from such assignments
and future engagements. Though management believes that its
assumptions are reasonable in the circumstances, forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the Company's actual results, performance or
achievements to differ materially from all or any of the future
results, performance or achievements expressed or implied by
forward-looking statements. Risk factors that could cause the
Company's actual results, performance, or achievements to differ
from the forward-looking statements in this news release include,
but may not be limited to: general market and economic risk; any
necessary regulatory approvals required (if applicable) for the
Company to deliver the services under the Contract; the ability of
the Company's management to execute its strategy; unexpected or
adverse regulatory changes in the healthcare space; and the ability
of all parties to the Contract to fulfill their obligations under
the Contract. These factors should be considered carefully, and
prospective investors should not place undue reliance on the
forward-looking statements. Although the forward-looking statements
contained in the news release are based upon what management
currently believes to be reasonable assumptions, the Company cannot
assure prospective investors that actual results, performance or
achievements will be consistent with these forward-looking
statements. Except as required by law, the Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
This press release does not constitute an offer to sell or
the solicitation of an offer to buy securities.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE CareSpan Health, Inc.