August 12, 2022

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Health for a better future

Empower Clinics Stock (EPWCF) Stock Rises After Purchasing Canadian Diabetes Leader MediSure

What’s Going On With Empower Clinics?

Empower Clinics (EPWCF) stock rose today after the company announces it successfully purchased all issued and outstanding shares of Medi+Sure Canada Inc. in the amount of C$3.5M. Shares of the company were trading 8.64% higher to $0.39 a share on Monday.

What Does This Mean For Empower Clinics?

Diabetes is worldwide endemic effecting roughly 463 million people all over the world, causing 1.5 million deaths in 2019. The disease continues to plague country’s citizens, with the number of people suffering from the disease jumping from 108 million in 1980 to 422 million in 2014. Of course, proper management of diabetes is well within reach, hence the reason why affordable MediSure diabetic blood glucose meters and test strips are crucial to continuing ongoing treatment for patients and payers alike.

“We could not be more excited to announce this deal and welcome MediSure to Empower,” said Steven McAuley, CEO and Chairman of Empower. Adding, “the closing of this acquisition fits seamlessly into our North American e-commerce and product distribution strategy. We will be immediately applying for FDA approval and expanding to the US market to dramatically enhance the business model of MediSure, maximizing its potential for the Company, our shareholders and those suffering from this chronic disease. We also will expand products lines and introduce MediSure to our extensive pharmacy network.”

MediSure produces affordable, quality diabetes products that bring economic value to the diabetes testing market, delivering world-class training and educational support to diabetics.

Empower Clinics Inc., an integrated healthcare company, provides body and mind wellness services for patients through its clinics, with digital and telemedicine care, and medical diagnostics laboratories in the United States and Canada

EPWCF has a Short-Term Technical Rank of 39. Find out what this means to you and get the rest of the rankings on EPWCF!

Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital & telemedicine care & world-class medical diagnostics laboratories. Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.