07:05:27 EDT Fri 17 May 2024
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or Name
USA
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Salona Global Medical Device Corp
Symbol SGMD
Shares Issued 56,991,591
Close 2024-01-10 C$ 0.215
Market Cap C$ 12,253,192
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Salona, Veteran Medical partner for Biodex distribution

2024-01-11 10:59 ET - News Release

Mr. Mike Seckler reports

SALONA GLOBAL ANNOUNCES EXCLUSIVE PARTNERSHIP WITH RECENTLY LAUNCHED U.S. MILITARY VETERAN (VA) FOCUSED DISTRIBUTION COMPANY

Salona Global Medical Device Corp. has executed an exclusive distribution agreement with Veteran Medical Solutions LLC (VMS), a United States military veteran-owned company that is positioned to sell the company's Biodex-branded equipment.

The Veterans Health Administration of the U.S. Department of Veterans Affairs is the largest integrated health care system in the United States, with over nine million enrolled. Over 760,000 patients were treated by over 2,300 physical therapists, making it the single largest employer of physical therapists in the U.S.

VMS was launched by Kyle Wilks, a graduate of the U.S. Naval Academy in Annapolis and former naval officer. VMS is focused on addressing the numerous physical challenges veterans face upon leaving the service. VMS intends on servicing the growing market demand for physical therapy by U.S. veterans through the sale solely of Biodex equipment. Also joining VMS is Paul Buico, a graduate of the United States Military Academy West Point. Mr. Buico has over 25 years of sales, marketing and commercial operations experience in the life science industry, with such companies as Bayer and Takeda Abbott Pharmaceuticals.

As a result of becoming a potential customer, Mr. Wilks has resigned from the board of directors of the company.

"We continue to find new channels for our Biodex products," said Mike Seckler, chief executive officer. "Our products hold significant value within the Veterans Affairs heath care system. Kyle and his team of U.S. military veterans are uniquely equipped to ensure the proper support of Biodex products to any VA medical facility requiring them," emphasized Mr. Seckler.

Deirdre Rafferty, MS, ATC from the University of Colorado Anschutz Medical, deeply involved with active military and veterans, shared: "The (Biodex) System 4 allows both researchers and clinicians to better detect musculoskeletal deficiencies within the active duty and veteran community. It provides the necessary information to better address approaches to rehab and ensure a better recovery program."

We seek Safe Harbor.

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