Empower Clinics Announces Partnership with Specialty Networks of North America to Serve Underserved Communities Across U.S.

The partnership aims to bring access to quality and affordable healthcare to patients in need.

VANCOUVER, BC / ACCESSWIRE / December 7, 2022 / EMPOWER CLINICS INC (CSE:EPW)(OTCQB:EPWCF) (“Strengthen“or”Company“) an integrated healthcare company – serving patients through medical centers, a medical equipment company and a complex medical testing laboratory – today announced that it has signed a Letter of Intent (LOI) with Specialty Network of North America Inc. (SNNA) to launch a health care network whose mission is to bring access to health and affordable services to underserved communities throughout the US.

Tens of millions of people live in areas of the US that have inadequate health care. 65 million people live in areas without adequate primary care designated by the US federal government. According to the US Census Bureau in 2021, 8.3 percent of people, or 27.2 million, did not have health insurance at any time during the year. Research also shows that more than two out of five or 43% of US adults of working age do not have enough insurance. About 70 million Americans are uninsured or underinsured.

Alexis Wukich, CEO of SNNA said, “The partnership between SNNA and Empower Clinics will enable us to provide quality, specialized care services to underserved communities across the United States. Our model will enable us to measure our processes and protocols so that we can expand our programs rapidly, from a geographic and service perspective.” Ms. Wukich continues, “We recognize Empower is a leader in integrated healthcare and diagnostic solutions in the United States and Canada, and we look forward to leveraging the Empower brand and assets to accelerate our business and example of growth.”

SNNA aims to:

  • Launch the first pilot to provide specialized heart disease screening services to an underserved community expected to be in Pittsburgh, PA for Q1 2023.
  • Use Empower’s diagnostics division Medisure Laboratory to complete diagnostic testing services and perform laboratory panels and tests.
  • Start a second trial of specialized heart disease screening services in an underserved community expected in Dallas, TX for the first half of 2023.
  • Check out the addition of other specialized diagnostic services for its pilots such as skin examination using advanced dermatology scanners, virtual care and telemedicine services.
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“High-quality and affordable healthcare is one of the biggest challenges facing the US and is where Empower Clinics’ integrated healthcare solutions can make a big difference,” said Steven McAuley, Chairman and CEO of Empower Clinics “Combining our clinical, diagnostic and home testing expertise with the expertise and talent of SNNA in the US will create exciting solutions for patients unemployed across the US Working together, Energy and SSNA can help make health services more accessible and cost-effective while improving patient care. innovation is the primary focus of Strengthening Clinics. We will continue to create such partnerships that can transform patients and are immediately welcomed into our business.”

The details of the partnership and its investment structure will be finalized with a definitive agreement to be completed in early 2023. It is expected that up to two other strategic investors may participate in the investment of this project.

The Company also announces that it has issued a total of 1,450,000 options (“Options”) to directors, officers and consultants. Each option may acquire one common share of the Company at a price of $0.04 for a period of 5 years from the grant. Certain Options are fully vested in connection with the grant and Certain Options subject to vesting periods during the term of the Option.

ABOUT THE SPECIAL NETWORK FOR NORTH AMERICA

https://specnethealth.com/

We are a health care network whose mission is to bring access to quality and exceptional health services to underserved communities across the US.

We aim to facilitate the delivery of that care in an efficient and timely manner by creating and deploying an integrated network of strategic partnerships including: clinics, telemedicine and insurance providers.

ABOUT POWER:

Empower is an integrated health care company that provides physical and mental health for patients through its clinics, through digital care and telemedicine, a medical device company and world-class laboratories It is for medical examination. Backed by an experienced leadership team, Empower is expanding its clinical and digital presence across North America. Our Healthcare & Research & Technology business centers are positioned to impact the collective health of our patients, while at the same time delivering long-term value for our shareholders of shares.

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IN THE WORLD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

NAMES:

Media:
Steven McAuley CEO
[email protected]
+1 855-855-9058

Investors:
Tamara Mason
Business Development and Communications
[email protected]
+1 855-855-9058

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This news release contains “other information” or “forward-looking information” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and assumptions as of the date of this news release. Forward-looking statements can often be identified by words such as “plans”, “progress”, “anticipate”, “plans”, “plans”, “believe”, “anticipate”, “estimate”, “probably”, ” will”, “likely”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include statements regarding: that the Company will sign a definitive agreement with SNNA; that the Company and SNNA will be able to launch the first pilot to provide specialized heart disease screening services to an underserved community in the Philadelphia, PA area; that SNNA will use Empower’s divisions diagnostics laboratory of Medisure to complete diagnostic services and process laboratory panels and tests; that the Company and SNNA will launch a second pilot to provide specialized heart disease screening services to underserved communities in the Dallas, TX area; that the Company may retain the investment of two other strategic investors; and that the Company and SNNA may add other specialty diagnostic services such as skin testing, virtual care and telemedicine services. Such forward-looking statements are based on assumptions currently known to management, and are subject to risks and uncertainties that could cause actual results, performance or developments to differ from those contained in the forward-looking statements, including and: that the Company. may not be able to enter into definitive agreements at all or in the foreseeable future; the timing and ability of the Company to close transactions regarding future clinic opening opportunities; that due diligence regarding prospective clinic opening opportunities and acquisitions is not satisfactory to the Company; risks related to delays in permitting or construction; risks related to supply chains and labor access; SNNA’s time and ability to use Empower’s Medisure Laboratory to complete diagnostic testing services and perform laboratory panels and tests; the timing and ability of the Company and SNNA to develop future products and services; that changes in the law may have an adverse effect on the Company’s business and product development; that the Company may not be able to obtain sufficient funds to continue its business plan; that the Company will be able to begin and/or complete renovations and tenant improvements for the new clinics; general uncertainty in business, economics, competition, politics and society; and other factors beyond the Company’s control. No assurance can be given that any events anticipated by the forward-looking statements will occur on the terms or in the time frame anticipated, or at all, or, if they occur, what benefits the Company will receive to them. Readers are cautioned not to place undue reliance on forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company undertakes no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, timely events or future or otherwise, except as expressly required by applicable securities laws.

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SOURCE: Group of Empower Clinics Inc.

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