Mr. Paul Haber reports
DATAMETREX SIGNS LOI TO ACQUIRE ARBUTUS HEALTH AND WELLNESS INC.
Datametrex AI Ltd. has signed a non-binding letter of intent (LOI) to acquire Arbutus Health and Wellness Inc., a multidisciplinary medical clinic in Vancouver, Canada, on March 20, 2025.
Datametrex has agreed to acquire Arbutus Health for the purchase price of up to $1.1-million, which will be satisfied through the issuance of an aggregate of common shares in the capital of Datametrex at 10 cents per share.
Arbutus Health provides walk-in services, family medicine, skin laser treatments and other specialty health care services in a single location.
The transaction is not a non-arm's-length transaction, and no finders' fees will be paid. Completion of the acquisition is subject to customary closing conditions, definitive agreements and regulatory approvals. The company will provide an update through a subsequent press release once a definitive agreement has been reached.
Paul Haber, chief executive officer of Datametrex, commented: "We are pleased to take this strategic step in expanding our health care business. This acquisition strengthens our presence in the sector and aligns with our long-term growth strategy, allowing us on scale our operations and enhance service offerings."
Additionally, Datametrex announces that Richard Yoon has resigned from the board of directors, effective March 28, 2025. The company thanks Mr. Yoon for his contributions and leadership and wishes him the best in his future endeavours. The board will begin the process of identifying a suitable replacement in due course and further updates will be announced in the future release.
About Arbutus Health and Wellness Inc.
Arbutus Health is a multidisciplinary medical clinic designed to address wait times and fragmented care in Canada's health system. Walk-in services, family doctors, skin laser treatments and other specialties are integrated under one roof to provide timely and comprehensive care without requiring multiple referrals. Staffed by licensed health care professionals, patient satisfaction will be enhanced through innovative, efficient and high-quality health care solutions.
About Datametrex AI Ltd.
Datametrex is an innovative leader in technology solutions, artificial intelligence, health care and mobile gaming. The company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.
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