20:14:12 EDT Sat 14 Jun 2025
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Leveljump to acquire two diagnostic imaging clinics

2025-06-13 16:14 ET - News Release

Mr. Mitchell Geisler reports

LEVELJUMP TO ACQUIRE TWO ALBERTA DIAGNOSTIC IMAGING CLINICS; UPDATE ON YEAR-END REPORTING DOCUMENTS

Leveljump Healthcare Corp.'s subsidiary, Canadian Teleradiology Services, has signed a definitive agreement to acquire two diagnostic imaging clinics, also known as independent health care facilities, from private Alberta vendors.

The purchase price is $1.92-million in cash, which includes a $20,000 deposit.

The transaction is targeted to close in July, 2025, and is subject to several conditions, including, but not limited to, required regulatory approval, satisfactory due diligence and securing an institutional credit facility to finance the balance of the cash portion of the purchase price.

These IHFs offer medical imaging, including X-ray, ultrasound and mammography scans. The IHFs are in Calgary, Alta.

Combined, the two IHFs are currently reporting revenue of approximately $2.2-million with earnings before interest, taxes, depreciation and amortization of approximately $500,000.

"This acquisition marks another important milestone for Leveljump," said Mitch Geisler, chief executive officer of Leveljump. "The transaction will be accretive and support the continued expansion of our diagnostic services. We remain focused on growing our ADC brand and enhancing our footprint in the Alberta health care sector."

Update on year-end reporting documents

Further to its news release of April 30, 2025, the company wishes to advise that completion and filing of its 2024 year-end reporting documents have been delayed slightly and anticipates completing and filing them in the next seven to 10 days. Once the filings are made and the current cease trade order is revoked, the company will be proceeding with an application to reinstate trading of its common shares on the TSX Venture Exchange.

About Leveljump Healthcare Corp.

Leveljump provides telehealth solutions to client hospitals and imaging centres through its teleradiology division, as well as in-person radiology services through its diagnostic centres. Leveljump focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities it serves.

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