TORONTO, June 9, 2011 /CNW/ - With reference to the press release dated May 6, 2011, Centric Health Corporation ("Centric Health) (TSX: CHH), Canada's leading diversified healthcare company, today announced that all of the required closing conditions have been satisfied and it has completed the acquisition of LifeMark Health.

"This is a transformational acquisition for Centric Health which drives the Group's revenues to over $300 million and provides a platform for delivering care in more than 670 locations across Canada," said Dr. Jack Shevel, Chairman of Centric Health. "The stage is set for the continued strategic expansion with a focus on the core values and philosophies as relates to partnerships with healthcare professionals and quality care and outcomes."

"This is a tribute to our staff and healthcare professionals. We are truly grateful for their valuable contributions and look forward to being part of the exciting vision and growth of Centric Health," said Craig Gattinger, CEO of LifeMark.

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. 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.

About LifeMark Health
LifeMark Health is a Canadian company with 120 facilities providing integrated health, medical and rehabilitation services to people across the country. Since its inception in November of 1998, the company has focused on bringing together the top medical and rehabilitation practitioners to deliver the highest quality health care to our patients. Through its eight service divisions, LifeMark represents a consolidation of 1800 clinical practitioners and patient service support staff. LifeMark's national service divisions include: Physiotherapy and Rehabilitation, Independent Medical Assessment, Aging Services, Occupational Therapy, Disability Management, Occupational Health, Home Medical Equipment and Surgical Services. LifeMark's mission to "Help You Reach Your Potential" reflects an unwavering commitment to ensure that patients benefit from the best treatment available and that clinical staff are provided with exceptional opportunities to learn and grow. Learn more about LifeMark Health at www.lifemark.ca and Medichair at www.medichair.com

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 completion of the transaction referred to herein, 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.