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GreeneStone Healthcare

OTC Bulletin Board / Greenestone Healthcare Corporation (GRST)

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Posted by:
MissionIR

9/19/12
19-sep-12 12:41:03



GreeneStone Healthcare Corp. is focused on operating medical and healthcare clinics in Ontario, Canada, offering addiction treatment, colonoscopy, endoscopy, minor cosmetic procedures, and executive health assessment programs. The company adds overflow capacity to an increasingly stretched provincial healthcare system, and provides private alternatives to publicly underserviced healthcare needs.

Ontario's public healthcare cost has grown at a compounded 7.1% rate over the past 10 years, now accounting for approximately $77B in government spending compared to $39B in 2000. This cost explosion is similar for the country as a whole, growing at 7.4% over the same period. The need for practical change to the system is immediate as demand continues to rise.

Governments are increasingly looking to private alternatives to address the growing trade-off between costs vs. service in the public healthcare system. Private services are expanding beyond their traditional place as overflow capacity to relieve wait times. GreeneStone Healthcare is particularly well positioned with a first-mover advantage in mental healthcare – a highly underserviced niche.

The company currently offers its various medical services via three medical clinics. Future plans include establishing partnerships for accelerated growth as well as dual-listing on CNSX. With positive revenue growth and cash flow positive status recently achieved, GreeneStone is methodically extending its vertical expertise in the healthcare industry.

Key Investment Highlights

  • Acquisition Growth Strategy to Provide Access to Additional Territories
  • Considerable Service Portfolio Expansion Potential in the Near-Term
  • Investor Exposure to the Nascent Canadian Private Healthcare Market
  • Particular Niches of Healthcare Not Adequately Supplied by Public System

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer

 

 

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MissionIR
9/19/2012 12:45:12 PM

GreeneStone Healthcare Corp. (GRST) is “One to Watch”

GreeneStone Healthcare Corp. is focused on operating medical and healthcare clinics in Ontario, Canada, offering addiction treatment, colonoscopy, endoscopy, minor cosmetic procedures, and executive health assessment programs. The company adds overflow capacity to an increasingly stretched provincial healthcare system, and provides private alternatives to publicly underserviced healthcare needs.

Ontario’s public healthcare cost has grown at a compounded 7.1% rate over the past 10 years, now accounting for approximately $77B in government spending compared to $39B in 2000. This cost explosion is similar for the country as a whole, growing at 7.4% over the same period. The need for practical change to the system is immediate as demand continues to rise.

Governments are increasingly looking to private alternatives to address the growing trade-off between costs vs. service in the public healthcare system. Private services are expanding beyond their traditional place as overflow   capacity to relieve wait times. GreeneStone Healthcare is particularly well positioned with a first-mover advantage in mental healthcare – a highly underserviced niche.

The company currently offers its various medical services via three medical clinics. Future plans include establishing partnerships for accelerated growth as well as dual-listing on CNSX. With positive revenue growth and cash flow positive status recently achieved, GreeneStone is methodically extending its vertical expertise in the healthcare industry.

Key Investment Highlights

 Acquisition Growth Strategy to Provide Access to Additional Territories

 Considerable Service Portfolio Expansion Potential in the Near-Term

 Investor Exposure to the Nascent Canadian Private Healthcare Market

 Particular Niches of Healthcare Not Adequately Supplied by Public System

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer



 

 

 
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MissionIR
9/19/2012 12:49:44 PM

GreeneStone Healthcare Corp. (GRST) Hires Gastroenterologist and Broadens Endoscopy Practice to Include Surgery

GreeneStone Healthcare, based in and operating clinics in Ontario, continues to grow as a provider of corporate and executive healthcare, expanding its services in areas such as addiction, obesity, and diabetes. In support of this, the company has announced the expansion of its endoscopy team with the hire of Dr. Mohsina Chaklader, who will join the company’s New York, Ontario, endoscopy clinic.

Dr. Chaklader is an Internist Gastroenterologist, completing her Fellowship in Nutrition, and will bring important research experience in nutrition, gastroenterology, and internal medicine. She studied at the University of Alberta (Gastroenterology Fellowship), Memorial University of Newfoundland and Labrador (Internal Medicine Residency), and University of Ottawa (Doctor of Medicine). She is also a Fellow of the American College of Physicians (F.A.C.P.) and the Royal College of Physicians of Canada (F.R.C.P.C.). Dr. Chaklader brings with her an intimate familiarity with all levels of community needs, including extensive volunteer experience in clinics serving the homeless, refugees, immigrants, and the inner city, as well as an impressive clinical teaching track record.

GreeneStone CEO, Shawn Leon, commented on the addition of Dr. Chaklader to the current team of nine general surgeons: “We are well positioned and staffed to build a surgical suite within our North York clinic. We can leverage our staff of doctors and nurses to add a surgical suite to our current infrastructure of four endoscopy suites. This will make GreeneStone one of the top tier centers for the treatment of gastrointestinal disorders.”

The move supports GreeneStone’s goal of addressing the increasing problems of obesity and Type II diabetes, and the overall goal of helping the company’s growing list of corporate clients reduce corporate healthcare and disability costs. The surgical suite will be a Level 3 Out of Hospital Premise (OHP) as described in the guidelines of the College of Physicians and Surgeons (CPSO). This surgical suite will allow GreeneStone to perform gastric banding as a natural extension to the gastroenterology work. It will also allow them to perform procedures such as hernia operations, as well as generate fees from non-related procedures such as plastic surgery. The suite is expected to be on line in the first quarter of 2013.

For additional information, visit the company’s websites at www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer


 

 

 
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MissionIR
9/21/2012 8:56:29 AM

GreeneStone Healthcare Corp. (GRST) Addresses the Challenge of Eating Disorders

GreeneStone, a Toronto-based provider of mental health services, focusing on addiction, eating disorders, nutrition, weight loss, and executive healthcare, is addressing the growing eating disorder epidemic with an expanded clinical staff and a new eating disorder clinic scheduled for launch in autumn of 2012. Yesterday after the bell, the company announced the hiring of Ann Kerr as Clinical Director for the new clinic. The company has also chosen a Psychiatrist Medical Director, Head Psychologist, and Chief Clinical Advisor, all to be formally announced once they are under contract. GreeneStone earlier announced the appointment of Dr. Mohsina Chaklader at the company’s Center of Excellence for Gastroenterology, a valuable resource for the new clinic.

Eating disorders, such as anorexia, bulimia, and binge eating, represent a significant problem, affecting as many as 10 million females and 1 million males in the U.S. alone. Despite educational efforts, health care providers often have little understanding of these disorders, how to recognize them, or how to deal with people suffering from them. Such disorders can require lifelong treatment, and GreeneStone feels it’s critical to provide effective ongoing support, helping to reduce the need for in-patient care, and also helping to reduce overall healthcare and disability costs for company clients and the country. GreeneStone CEO, Shawn Lee, commented: “These are by far the largest component of corporate healthcare costs. We see this as the biggest area of growth for the company and we need to be national in scope.”

Ann Kerr is a Registered Occupational Therapist and holds academic appointments as Assistant Professor in the Department of Psychiatry, and Lecturer in the Department of Occupational Therapy in the Faculty of Medicine at The University of Toronto. She has worked in the field of mental health for over 30 years and specialized in the care for people affected by eating disorders through work in Inpatient, Day Hospital, community, and private practice settings. Ann was part of the team that built the Inpatient Eating Disorder Program at Toronto General Hospital under Dr. Sid Kennedy, and then the first ever Eating Disorder Day Hospital Program with Drs. Allan Kaplan and Niva Piran. Ann accepted the position of the first Program Director of Sheena’s Place, an innovative model of support services for families and people with eating disorders. Ann has been in private practice in Toronto for the past six years honing her psychotherapy skills in the areas of CBT, DBT, and Relational Therapy.

Ann was trained at The University of Toronto and has ongoing education through Harvard Medical School of Continuing Education and the Jean Baker Miller Centre at Wellesley College. She has supervised students in most health professions and been awarded the Northrop Frye teaching award for medical student education. Ann was on the Board of the Transitional College of Occupational Therapists and is a Member of the College of Occupational Therapists of Ontario and the Ontario Association of Occupational Therapists. She is a member of the Academy of Eating Disorders, an international body of eating disorder clinicians and researchers. Ann has written research articles and chapters in books on the treatment of people with eating disorders as well as spoken at numerous conferences in Canada and the U.S. She has appeared frequently on television, radio, and in newspapers and magazines commenting on current issues in the culture that relate to this issue.

Limited operations at the new eating disorder clinic are set to begin in late October, 2012, with full service operations intended to commence in early 2013.

For additional information, visit the company’s websites at www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer


 

 

 
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MissionIR
9/26/2012 12:01:28 PM

GreeneStone Healthcare Corp. (GRST) Leading a Private Healthcare Revolution

Although GreeneStone Healthcare was incorporated in Colorado in 1993, its operations are in Ontario, Canada, where it operates clinics and facilities providing a variety of healthcare services. GreeneStone has developed a special focus on helping organizations maintain and enhance the effectiveness and well-being of their executive workforce, with programs supporting both physical and mental well-being, including endoscopy, cardiology, diabetes, addiction, nutrition and weight loss, as well as gastrointestinal and eating disorders. Offering a one-stop integrated and holistic approach ensures the most satisfying patient relationship, representing a positive corporate selling point for executives, while also reducing long term corporate healthcare and disability costs.

Public healthcare systems are stretched providing basic physical services, with companies and the public increasingly looking for private alternatives. Particular healthcare niches, such as mental health and well-being, are notoriously underserved. GreeneStone is leading the move toward private services that offer more than simply overflow capacity for public health systems.

GreeneStone’s Addiction Treatment Center located in Muskoka, Ontario, is an example of the dramatic difference in treatment available outside of the public system options. Located in a resort style setting on 43 acres, the environment is inviting and non-institutionalized to maximize the healing and recovery process. The facility is fully staffed with physicians, psychiatrists, psychologists, therapists, nurses, nutritionists, and even physical fitness experts, all working collaboratively to produce the best holistic treatment outcomes. It’s an unmatched opportunity for working professionals to heal, rest, and recover, while under the care of a multidisciplinary team of skilled and experienced professionals. The care is individualized and dignified, designed to lessen the suffering for both patients and family members dealing with the addiction process.

The success of the GreeneStone approach has led to its continued expansion, with the opening of a second colonoscopy clinic in Toronto and the expansion of its gastrointestinal and eating disorder teams. New partnerships are being formed to provide additional services for faster growth. GreeneStone has seen positive revenue growth over the past seven quarters as the company’s Muskoka facility has ramped up operations.

For additional information, visit the company’s websites at www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer


 

 

 
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MissionIR
10/1/2012 9:46:33 AM

GreeneStone Healthcare Corp. (GRST) Makes Second Appearance on Intervention Canada

GreeneStone Healthcare today was excited to announce that its GreeneStone Muskoka addiction treatment clinic was featured on Intervention Canada on the Slice Network yesterday evening. Andrew Galloway, GreeneStone’s Vice President – Outpatient & Aftercare, is a leading interventionist used on the show and performed the intervention on last night’s episode. The subject of the intervention was sent to the GreeneStone Muskoka facility for recovery. The episode can be viewed on the Slice Canada website when available at:

http://www.slice.ca/Shows/InterventionCanada/EpisodeGuides.aspx?Title_ID=266021

Earlier this year, GreeneStone Muskoka was featured on the season premiere of the second season on August 27, 2012. That episode, as well as a video profile on the GreeneStone Muskoka facility, can be viewed on the Slice Canada website at:

http://www.slice.ca/Slice/Watch/Default.aspx?ID=v&categoryid=2273420202

Intervention Canada is a powerful and gripping television series in which people confront their darkest demons and seek a route to redemption. The series follows the format of the multiple Emmy-nominated ground-breaking U.S. series. It profiles people whose dependencies on drugs and alcohol or other compulsive behavior have brought them to a point of personal crisis that culminates in an intervention with families and professionals offering assistance. In the latest episode featuring GreeneStone Muskoka, titled “Katie,” Andrew Galloway helps 24-year-old Katie and her mother intervene with Katie’s opiate addiction.

“GreeneStone is proud to be associated with Intervention Canada on the Slice Network in an endeavor that brings much needed awareness to the issue of addiction, as well as the cause of mental illness, in general. One in five people will experience a form of mental illness at some point and most will be reluctant to talk to a co-worker, friend or family member about their struggle, let alone seek treatment. GreeneStone is among a growing number of organizations that have joined the cause to de-stigmatize and address the mental illness crisis head on,” stated Shawn Leon, CEO of GreeneStone Healthcare Corp.

According to Health Officer’s Council of BC, for every $5 spent on drug rehabilitation by the Canadian government, $95 is spent on incarceration of drug users. Substance abuse now costs the Canadian healthcare system an estimated $8 billion annually and the economy an estimated $34 billion. Nearly 90% of the economic cost of substance abuse is due to lost productivity. With these facts considered, GreeneStone has focused on boomers, executives, and professionals as its primary patient stream with the 18-30 year old segment as the secondary stream.

For more information about GreeneStone Muskoka, visit the official website at www.greenestone.net

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer


 

 

 
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MissionIR
10/8/2012 1:03:49 PM

GreeneStone Healthcare Corp. (GRST) Stands Out By Providing Coordinated Comprehensive Health Care

Medical specialization, an inevitable result of medical technology’s continuing expansion, poses a serious problem for today’s healthcare consumer. Instead of developing a long-term relationship with a general practitioner, as was common in past generations, modern healthcare consumers may deal with dozens of doctors over the course of a lifetime. Continually passed from one specialist to another as the need arises, patients may never develop an understanding relationship with any one physician, and doctors, sometimes dealing with dozens of new patients every day, never get a chance to gain a comprehensive understanding of a given individual. In addition, doctors have less of a chance to communicate in-depth with each other regarding patients. A person’s entire medical history is reduced to a string of computerized records, with patients themselves often left to search out the medical resources they require.

It’s a need that GreeneStone Healthcare addresses up-front. The Ontario-based healthcare provider specializes in helping organizations take care of their executive workforce, with a holistic approach to physical and mental well-being. GreeneStone provides treatment and services in addiction, eating disorders, cardiology, diabetes, endoscopy, nutrition, weight loss, and more. One of the most important and differentiating aspects of their services is the unified way in which they are delivered. Their case-management approach means that every individual gets a seamless, coordinated, and comprehensive healthcare program that is oriented for the long-term overall health of their clients. Case managers work as the key liaison, facilitating appointments and cross-referrals to medical, coaching, and counseling professionals.

GreeneStone takes a proactive and preventative approach to health care, using state-of-the-art clinical and diagnostic tools to detect and monitor existing health issues, and creating a health care program that is customized to every client. The idea is to detect and prevent health problems before they occur, helping corporate clients reduce healthcare and disability costs, with initial assessment including the following:

• Audio Testing

• Visual Testing

• Respiratory Function

• Stress & Resting Electrocardiogram

• Abdominal & Heart Ultrasound

• Ferritin Testing

• Full Blood Work Analysis

• Urinalysis

• Physician Consultation

It’s one of the reasons that GreeneStone has seen positive revenue growth over the past seven quarters.

For additional information, visit www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer


 

 

 
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MissionIR
10/10/2012 10:11:27 AM

GRST 10-Page Investor Summary is Now Available

http://grst.missionir.com/ir

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer

 


 

 

 
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MissionIR
10/11/2012 11:47:38 AM

GRST continues to rise, establishing a new all-time high at $1.82. So far today, nearly 45,000 shares have traded. This compares to the stock’s 30-day average daily volume of 13,508 shares.

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer


 

 

 
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MissionIR
10/11/2012 6:18:36 PM

GreeneStone Healthcare Corp. (GRST) is “One to Watch”

GreeneStone Healthcare is focused on operating medical and healthcare clinics in Ontario, Canada, offering addiction treatment, colonoscopy, endoscopy, minor cosmetic procedures, and executive health assessment programs. The company adds overflow capacity to an increasingly stretched provincial healthcare system, and provides private alternatives to publicly underserviced healthcare needs.

Ontario’s public healthcare cost has grown at a compounded 7.1% rate over the past 10 years, now accounting for approximately $77B in government spending compared to $39B in 2000. This cost explosion is similar for the country as a whole, growing at 7.4% over the same period. The need for practical change to the system is immediate as demand continues to rise.

Governments are increasingly looking to private alternatives to address the growing trade-off between costs vs. service in the public healthcare system. Private services are expanding beyond their traditional place as overflow capacity to relieve wait times. GreeneStone Healthcare is particularly well positioned with a first-mover advantage in mental healthcare – a highly underserviced niche.

The company currently offers its various medical services via three medical clinics. Future plans include establishing partnerships for accelerated growth as well as dual-listing on CNSX. With positive revenue growth and cash flow positive status recently achieved, GreeneStone is methodically extending its vertical expertise in the healthcare industry.

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer


 

 

 
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MissionIR
10/15/2012 4:17:15 PM

GreeneStone Healthcare Corp. (GRST) Helps the Bottom Line of Corporate Clients

Based in Toronto, healthcare provider GreeneStone focuses much of its services on the mental health of employees for its growing list of corporate clients. These services include treatment programs for addiction, eating disorders, and other mental health issues that are now being recognized as significantly detrimental to a company’s bottom line. Up-front investment in evaluating and treating mental and emotional conditions is increasingly being seen as a wise business decision. It’s a movement picking up steam in both the U.S. and Canada, as gathering statistics point to the seriousness of the problem.

In Canada alone, where GreeneStone has all of its treatment facilities, the productivity loss resulting from workplace mental health disorders is estimated to be approximately $20 billion. One survey indicates that roughly 14% of employees say they have been diagnosed as suffering from depression. The Canadian government has now put together a national standard for evaluating the psychological health and safety of the workplace, primarily to help concerned company’s assess hazards and measure the effectiveness of associated programs.

These growing concerns and efforts mesh closely with GreeneStone’s stated mission: To be the trusted partner to organizations and their executive workforce by providing executives with seamless access to the health and performance professionals they need, when they need it, to perform at their best in the workplace. GreeneStone provides treatment and services in addiction, eating disorders, and other areas of mental health, as well as in cardiology, diabetes, endoscopy, nutrition, weight loss, and more. The idea is to provide companies and employees a coordinated, personalized, one-stop care system that meets a full range of mental and physical needs. Instead of leaving it up to individuals to search out and coordinate healthcare services on their own, GreeneStone offers an integrated case-worker managed system that makes getting the right care far easier and better organized.

It’s an approach that has also worked for GreeneStone’s bottom line, giving the company positive revenue growth over the past seven quarters.

For additional information, visit the company’s websites at www.GreeneStoneClinic.com and www.GreeneStoneInvestor.com

Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer