Mr. Jeff Zygouras reports

NEUPATH ANNOUNCES CLINIC ACQUISITION

Neupath Health Inc. has closed the acquisition of the assets of SIBI Medical Inc., operating as the London Spine Institute, in London, Ont., effective Jan. 12, 2024.

The London Spine Institute has an interdisciplinary group of providers that use evidence-based care to help treat back, neck and other spinal conditions. These physicians have extensive experience in treating and diagnosing spinal conditions, and their affiliate therapists focus on treating the physical and mental aspects of acute and chronic pain using best practice, with an emphasis on functional recovery and return to work. Under the agreement, Neupath has acquired the assets of the London Spine Institute and will initially continue the operations under the same name and will rebrand at a future date. The current roster of physicians will continue to serve patients from the existing location and there will be no changes in operations for the patients, physicians and staff.

"We are thrilled to welcome the London Spine physicians to the Neupath team, expanding our presence and our roster of specialists in our core London market," said Joe Walewicz, Neupath's chief executive officer. "Our improved balance sheet and better cash flows will allow us to continue investing in selected growth opportunities and we are evaluating multiple potential expansion options across the country."

The purchase price will be financed from Neupath's existing cash on hand. This acquisition is not expected to have a significant impact on Neupath's 2024 financial results.

About Neupath Health Inc.

Neupath operates a network of health care clinics and related businesses focused on improved access to care and outcomes for patients by leveraging best-in-class treatments and delivering patient-centred multidisciplinary care. It operates a network of medical clinics in Ontario and Alberta that provide comprehensive assessments and rehabilitation services to clients with chronic pain, musculoskeletal/back injuries, sports related injuries and concussions. In addition, Neupath provides workplace health services and independent medical assessments to employers and disability insurers through a national network of health care providers, as well as contract research services to pharmaceutical and biotechnology companies. Neupath is focused on enabling each individual it treats to live their best life.

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