Centric Health Announces Board Change

Oct 10, 2012

TORONTO, Oct. 10, 2012 /CNW/ - Centric Health Corporation ("Centric Health" or "the Company") (TSX: CHH), Canada's leading diversified healthcare company, today announced Bob Wardell has stepped down from the Company's Board of Directors to focus on his directorships in the resources sector. Mr. Wardell advised the Company that the time commitments of his directorships with four resource companies are not compatible with remaining on the Board of Centric Health.  Mr. Wardell served as a Director of Centric Health since June 2009.

"On behalf of the Centric Board and senior management team, I would like to thank Bob for his three-plus years of dedicated service - a critical period for our organization, during which we established our vision to build Canada's leading healthcare company and successfully completed 19 acquisitions to create a tremendous platform for future growth," said Dr. Jack Shevel, Chairman, Centric Health Corporation. "We are grateful to Bob for his many contributions and wish him well in his future pursuits."

The Company is actively pursuing potential candidates to fill the vacancy created by Mr. Wardell's departure.

About Centric Health

Centric Health's vision is to be Canada's premier healthcare company, providing innovative solutions centered on patients and healthcare professionals. As a diversified healthcare company with investments in several niche service areas, Centric Health currently has operations in medical assessments, disability and rehabilitation management, physiotherapy and surgical centres, homecare, specialty pharmacy and wellness and prevention. With knowledge and experience of healthcare delivery in international markets and extensive and trusted relationships with payers, physicians, and government agencies, Centric Health is pursuing expansion opportunities into other healthcare sectors to create value for all stakeholders with an unwavering commitment to the highest quality of care. Centric Health is listed on the TSX under the symbol CHH. For further information, please visit www.centrichealth.ca and www.lifemark.ca. Centric Health's strategic advisor is Global Healthcare Investments & Solutions, Inc. ("GHIS") (www.ghis.us). GHIS and entities controlled by shareholders of GHIS are currently the largest shareholders of Centric Health.

This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation.  These forward-looking statements include, among others, statements regarding business strategy, plans and other expectations, beliefs, goals, objectives, information and statements about possible future events. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by Centric Health and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits Centric Health will derive there-from.

SOURCE: Centric Health Corporation

For further information:

Peter Walkey
Chief Financial Officer
Centric Health

Lawrence Chamberlain
Investor Relations
The Equicom Group
416-815-0700 ext. 257