Novo Integrated Sciences Completes Acquisition of Clinical Consultants International LLC
Dr. Joseph M. Chalil, MD, MBA, FACHE Appointed Chief Medical Officer and the New President of Novomerica Health Group
Novo Integrated Sciences, Inc. (NASDAQ:NVOS) (the "Company" or "Novo"), pioneering a holistic approach to patient-first health and wellness through a multidisciplinary healthcare ecosystem of services and product innovation, today announced the Company has completed the acquisition of Clinical Consultants International LLC ("CCI"), a global consulting firm, based in Boca Raton, Florida, specializing in providing value-added services for the pharmaceutical, biotech, healthcare management, hospital management, medical marketing and strategic planning, health policy, and medical device sectors, in an all-stock transaction.
Under the terms of Novo's acquisition of CCI, Dr. Joseph M. Chalil, MD, MBA, FACHE has been appointed as (i) the Company's Chief Medical Officer, and (ii) President, Novomerica Health Group, Inc., a wholly owned subsidiary of the Company, formed for expansion of certain medically related business in the U.S. In addition, Dr, Chalil will maintain his leadership of CCI.
Founded in 2006, the highly respected CCI senior strategic advisor team includes Ambassador Pradeep K. Kapur, IFS (IIT Delhi), former Indian Ambassador to several countries including Chile, Dr. Zach P. Zachariah, MD, Medical Director of UHealth Cardiology and the longest-serving member of the Florida Board of Medicine, Saju George, CEO for Garden City Hospital and Prime Healthcare's midwestern region, and other professionals with extensive healthcare and hospital management experience. In addition, CCI has an impressive international team of physician leaders, diplomats, hospital administrators, and regulatory/FDA experts.
Robert Mattacchione, Novo's CEO and Board Chairman, commented, "Adding CCI and the impressive CCI team of highly respected, proven leaders in the medical community, led by Dr. Chalil, is a significant milestone intended to accelerate Novo's expansion to both the U.S. and other global markets. As the healthcare sector worldwide is facing increasingly complex demands with incredible opportunities to leverage technology and new service models, Dr. Chalil and the CCI team are the perfect partner to accelerate the growth of Novo's decentralized healthcare delivery business model. Dr. Chalil and his team share Novo's forward-thinking vision and combined with CCI's exceptional talent undoubtedly makes CCI a strong addition to the Novo portfolio of companies."
Dr. Joe Chalil stated, "Working with Rob and the Novo team over the last year, I've witnessed firsthand Novo's commitment to be a leader in the ongoing transformation of healthcare delivery worldwide. I cannot think of a better partnership for CCI and the CCI team and it is my honor to join the Novo team with this acquisition. I am excited to work closely with Rob and the Novo team to implement our shared vision for the path forward to improving access to high-quality healthcare services and products worldwide."
About Dr. Joseph M. Chalil, MD, MBA, FACHE
Dr. Chalil has served as Chairman of the Company's Medical Advisory Board since April ‘2021. Effective April 5, 2022, Dr. Chalil has been appointed as the Company's Chief Medical Officer and President, Novomerica Health Group, Inc., a wholly owned subsidiary of the Company, formed for expansion of certain medically related business in the U.S.
Dr. Chalil is an author of several scientific and research papers in international publications. He is also the Chairman of the Complex Health Systems Advisory Board, H. Wayne Huizenga College of Business and Entrepreneurship at Nova Southeastern University in Florida, and a member of Dr. Kiran C. Patel College of Allopathic Medicine Executive Leadership Council. A veteran of the U.S. Navy Medical Corps, he is board certified in healthcare management. He has been awarded a Fellowship by the American College of Healthcare Executives, an international professional society of more than 40,000 healthcare executives who lead hospitals, healthcare systems and other healthcare organizations. Dr. Chalil has held roles of increasing responsibility at DBV Technologies, Boehringer Ingelheim, Abbott Laboratories, and Hoffmann-La Roche.
Additionally, Dr. Chalil is the former Chairman of the Indo-American Press Club. He is an expert in U.S. healthcare policy and a strong advocate for patient-centered care. A strong proponent of providing healthcare access to everyone, Dr. Chalil's new book, Beyond the COVID-19 Pandemic: Envisioning a Better World by Transforming the Future of Healthcare, is on Amazon's Best Sellers List.
About Clinical Consultants International LLC
Established in 2006 in Michigan as a hospital consulting firm, today Clinical Consultations International is a global consulting firm specializing in providing value-added services for the pharmaceutical, biotech, healthcare management, hospital management, medical marketing and strategic planning, health policy, and medical device sectors. Headquartered in Boca Raton, Florida, we leverage 30+ years of industry experience and our expert consultants worldwide to support our clients. For more information on CCI, please visit www.ccimia.com.
About Novo Integrated Sciences, Inc.
Novo Integrated Sciences, Inc. is pioneering a holistic approach to patient-first health and wellness through a multidisciplinary healthcare ecosystem of multiple patient and consumer touchpoints for services and product innovation. Novo offers an essential and differentiated solution to deliver, or intend to deliver, these services and products through the integration of medical technology, diagnostic and therapeutic solutions, and rehabilitative science.
We believe that "decentralizing" healthcare, through the integration of medical technology and interconnectivity, is an essential solution to the rapidly evolving fundamental transformation of how non-catastrophic healthcare is delivered both now and in the future. Specific to non-critical care, ongoing advancements in both medical technology and inter-connectivity are allowing for a shift of the patient/practitioner relationship to the patient's home and away from on-site visits to primary medical centers with mass-services. This acceleration of "ease-of-access" in the patient/practitioner interaction for non-critical care diagnosis and subsequent treatment minimizes the degradation of non-critical health conditions to critical conditions as well as allowing for more cost-effective healthcare distribution.
The Company's decentralized healthcare business model is centered on three primary pillars to best support the transformation of non-catastrophic healthcare delivery to patients and consumers:
- First Pillar: Service Networks. Deliver multidisciplinary primary care services through (i) an affiliate network of clinic facilities, (ii) small and micro footprint sized clinic facilities primarily located within the footprint of box-store commercial enterprises, (iii) clinic facilities operated through a franchise relationship with the Company, and (iv) corporate operated clinic facilities.
- Second Pillar: Technology. Develop, deploy, and integrate sophisticated interconnected technology, interfacing the patient to the healthcare practitioner thus expanding the reach and availability of the Company's services, beyond the traditional clinic location, to geographic areas not readily providing advanced, peripheral based healthcare services, including the patient's home.
- Third Pillar: Products. Develop and distribute effective, personalized health and wellness product solutions allowing for the customization of patient preventative care remedies and ultimately a healthier population. The Company's science-first approach to product innovation further emphasizes our mandate to create and provide over-the-counter preventative and maintenance care solutions.
Innovation through science combined with the integration of sophisticated, secure technology assures Novo Integrated Sciences of continued cutting-edge advancement in patient first platforms.
For more information concerning Novo Integrated Sciences, please visit www.novointegrated.com. For more information on Novo Healthnet Limited, Novo's wholly owned subsidiary, please visit www.novohealthnet.com
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Forward-Looking Statements
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