Shiny Health & Wellness Welcomes Ontario Government’s Investment in Private Healthcare

2.1 min readPublished On: January 18th, 2023By

TORONTO – Shiny Health & Wellness Corp. (TSXV: SNYB) welcomes the Ontario government’s new plan, announced on January 16, 2023, revealing permanent legislative changes which allow private health clinics in the province to perform publicly-funded surgeries and health procedures to improve patient backlog and wait times. This decision follows other recent legislation, which came into effect on January 1, 2023, allowing Ontario pharmacists to assess and prescribe medications for 13 common ailments.

“Ontarians have long felt that health care services in the province were challenged due to a host of reasons that were made significantly worse during the pandemic with no signs of improvement,” said Kevin Reed, Chairman and Chief Executive Officer of Shiny Health & Wellness. “These major changes and investments announced by the Ontario government are expected to create more opportunity for private sector capital and private health service platforms to deliver quality patient-centered care under the Ontario Health Insurance Plan (OHIP) in the safe and timely manner that citizens deserve.”

Mr. Reed added, “As our large population ages and seeks a better quality of life, we believe this week’s announcement is the start of further collaboration across the healthcare sector that is desperately needed to meet the growing demand in both large cities and remote communities. We believe the further convergence of health and wellness, pharmacies, medical care services, and cannabis is where the growth potential lies for our Company, and we are focused on these opportunities as the province continues to evolve its approach to healthcare. Our pharmacists have already been writing in-store scripts to support our customers since changes came into effect early-January allowing pharmacists to prescribe some medications.”

Shiny Health is on a mission to provide Canadians with a premier retail network for their health and wellness solutions so they “Never Settle, Live Fully.” First established as a retail cannabis company, Shiny Health broadened its retail growth strategy in May 2022 to focus on a more robust customer-driven health and wellness model by targeting the strategic acquisition of independent retail pharmacies. This retail extension stems from a deep understanding of what customers and Canadians are seeking for their health and wellness needs.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(This information is primarily sourced from Shiny Health & Wellness Corp.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).

About the Author: News Team

Newsteam at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

Share This Story, Choose Your Platform!

Latest News

  • Ayr Wellness

Ayr Wellness to Host Second Annual “Changing Legacies”

February 7th, 2023|

MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a U.S. multi-state cannabis operator, announced it will host its second iteration of “Changing Legacies,” a multi-state series of clinics to expunge the records of individuals ...