Canada NewsWire
TORONTO, Dec. 20, 2017
TORONTO, Dec. 20, 2017 /CNW/ - Syncordia Technologies and
Healthcare Solutions, Corp. (TSXV: SYN) ("Syncordia") is pleased to provide an update that it has agreed in principal to the
basic deal terms for a refinancing of its existing debt. Under this refinancing plan the existing debt holders would be paid in
full in exchange for new debt with a 4-year term. Completion of the new debt structure will be subject to customary approvals
including lender approval, diligence, final documentation and TSX Venture approval, but represents a significant milestone in
Syncordia's growth plans as a software, information technology diversified healthcare company.
About Syncordia Technologies and Healthcare Solutions, Corp.
We are a software and information technology services company with a focus on healthcare, and with an initial focus on
technology enhanced revenue cycle management medical claim processing for healthcare practitioners. We are focused on using our
proprietary software suite as an accelerator for growth. Our growth strategy is to acquire healthcare oriented software and
information technology service companies and improve their profitability by increasing revenues and improving operating
efficiencies with the local management teams. Syncordia will leverage proprietary software to manage scale, drive better
customer experiences and enhance margins while driving a competitive sustainable profile.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements of Syncordia or the industry to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking
statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause
actual results to vary significantly from the results discussed in the forward looking statements. These forward-looking
statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the
date hereof and we assume no obligation, except as required by law, to update any forward looking statements to reflect new
events or circumstances.
SOURCE Syncordia Technologies and Healthcare Solutions, Corp.
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