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TORONTO, April 04, 2025--(BUSINESS WIRE)--Jack Nathan Medical Corp. (TSXV: "JNH"; OTCQB: "JNHMF"), operating as Jack Nathan Mexico & Jack Nathan MedSpa (the "Company" or "JNH"), as one of Mexico’s largest private healthcare networks and a premier MedSpa operator in Canada, announces that it continues to evaluate and consider opportunities for continuity of operations with new retail and corporate partners, as well as strategic options including mergers and acquisitions for its Mexico subsidiary (M&A).
As reported in the Company’s March 19, 2025 press release, JNH Mexico has been unable to ratify terms for continuity of business with Walmart Mexico, and the Company had notified Walmart Mexico to consider evaluating all strategic options, including: (a) consenting to permit JNH to sell it’s Mexico operations to a successor in order to maintain continuity of operations of the Company’s 171 facilities within Walmart Mexico stores and distribution centres, or (b) consider continuity of business with Jack Nathan Mexico with either existing or amended terms, or (c) consent to develop a bilateral transition plan and avoid ceasing operations and a wind down scenario. An agreement has not been reached and termination notices have been provided by Walmart Mexico to JNH Mexico. The Company expects to cease operations within Walmart Mexico’s stores by May 31, 2025.
The Company is continuing to explore strategic options for continuity of operations in Mexico with several new potential retail and corporate partners. As part of this initiative, a comprehensive data room will be available post-qualification to interested parties. The comprehensive data room, available after qualification, will provide detailed insights and opportunities for potential partners and other interested parties. The Company invites interested parties to explore the wealth of information and possibilities that Jack Nathan Mexico® has to offer.
If an agreement for a commercial or M&A transaction for JNH Mexico is signed, further details will be provided by the Company at that time. No assurances can be provided that any of these efforts will be successful. In the absence of being able to secure such an agreement, the Company is facing a wind down scenario of its Mexico operations.
About Jack Nathan Medical Corp.
Jack Nathan Health®, a pioneer in the healthcare industry, became one of Canada & Mexico’s largest retail healthcare networks as an innovative healthcare company focused on improving access for millions of patients by co-locating physician and ancillary medical services conveniently inside Walmart® stores, providing an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first.