Empower Clinics Inc.: Empower Clinics Acquires Canadian Diabetes Leader MediSure
VANCOUVER BC / ACCESSWIRE / July 30, 2021 / EMPOWER CLINICS INC. (
CSE:CBDT)(
Empower" or the "
Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to announce it has completed the acquisition of all issued and outstanding shares of Medi+Sure Canada Inc. ("
MediSure") for a total purchase price of C$3.5M (the "
Transaction").
Diabetes is a chronic disease that occurs when the pancreas does not produce enough insulin or effectively use the insulin it produces. A global health threat, diabetes was responsible for approximately 1.5 million deaths in 2019 and has seen the number of people impacted from the disease escalate from 108 million in 1980 to 422 million in 2014. Effective management of diabetes is possible, which is why high-quality, affordable MediSure diabetic blood glucose meters and test strips are critical to effective ongoing treatment for patients and payers alike.