TORONTO--(BUSINESS WIRE)--Medworxx Solutions Inc. (TSXV: “MWX”) (“Medworxx” or the “Corporation”) announced today that after the completion of a formal selection process by the special committee formed to examine and consider strategic and financial alternatives available to the Corporation (the “Special Committee”), the Corporation has retained the services of New-York based Berkery, Noyes & Co., LLC (“BNC”) as its advisor as it explores strategic alternatives to maximize shareholder value.
“The BNC healthcare advisory team has extensive experience in the Healthcare IT sector on an international basis that will be valuable as we explore alternatives to maximize shareholder value”, said George Elliott, a director and Chairman of the Corporation’s Special Committee.
Strategic and financial alternatives pursued with BNC may include, but are not limited to, the sale of the Corporation, acquisitions by the Corporation, merger or other business combination, recapitalization, sale of all or a portion of the Corporation’s assets, or any combination thereof, as well as continued execution of its business plan, among all other alternatives.
It is the Corporation’s current intention not to disclose developments with respect to the strategic review process until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. Medworxx cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction.
About Medworxx
Medworxx delivers
health information solutions to over 350 hospitals internationally;
including Canada, United States and United Kingdom. Medworxx helps
hospitals meet patient flow challenges and requirements in compliance
and education. Medworxx Clinical Criteria– flagship of Medworxx Patient
Flow that includes electronic bed board and independent assessment
components – currently serves over 34% of the acute care beds in Canada.
Founded in 2004, Medworxx is based in Toronto, Ontario and publicly
traded on the TSX Venture Exchange: MWX. Visit: www.medworxx.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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factors, such as competition, technological changes, the changing needs
of hospitals, the financial condition of the Company’s current and
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achievements of the Corporation and Medworxx to be materially different
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