TORONTO–(BUSINESS WIRE)–Apollo Healthcare Corp. (TSX: AHC) (“Apollo” or the “Company”) announces that Stan Bharti has stepped down as a director of the Company. Charles Wachsberg has agreed to assume Mr. Bharti’s role as Chair of the Board.

“We truly value Mr Bharti’s support and his numerous contributions to our Board as Chair. Mr. Bharti has played a key role in the successful turnaround of our business and we are most appreciative and grateful for his efforts” said Charles Wachsberg.

In addition, the Company is pleased to announce the appointment of Andrew Schachter to Apollo’s Board of Directors, effective immediately. Mr. Schachter is the Founder and Chief Executive Officer of Axiom Real-Time Metrics Inc.(“Axiom”). Mr. Schachter shall also serve as lead independent director at the Board.

Axiom is the premier provider of eClinical solutions and services to several notable pharmaceutical and life sciences organizations. Founded in 2001 and based in Toronto, Ontario, Axiom has been at the forefront of managing complex clinical studies in many therapeutic areas, inclusive recently of over a half dozen programs around COVID-19 regimens. The team at Axiom had already been working on COVID-19 studies since early March 2020, when it partnered with Oxford University on a global COVID-19 program. These research efforts across multiple clients have been planned, configured and launched in record time as part of a global effort to find imminent solutions to COVID-19.

“We are very pleased to welcome Andrew to the Board” said Charles Wachsberg, “A true entrepreneur, Andrew will make a sizable contribution to Apollo’s overall strategic focus and growth in the broader healthcare space. At Axiom, Andrew has delivered visionary leadership which has been integral to the company’s 20 years of eClinical and managed service success.”

Cautionary Note Concerning Forward Looking Statements

This news release includes forward looking statements. All such statements constitute forward looking information within the meaning of applicable securities law and are made pursuant to the “safe harbour” provisions of applicable securities laws. Forward looking statements include, but are not limited to statements about other anticipated future events or results, including comments with respect to Company’s future financial performance and condition. Forward looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of the Company’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors.

The forward-looking information contained in this news release is presented for the purpose of assisting readers in understanding the Company’s business and strategic priorities and objectives. A number of risks, uncertainties and other factors may cause actual outcomes or financial results to differ materially from the forward looking statements contained in this news release, including, among other factors, those referenced in the section entitled “Risk Factors” in the Company’s annual information form for the year ended December 31, 2019, a copy of which is available on the SEDAR website at under the Company’s profile. Forward looking statements contained in this news release are not guarantees of future outcomes performance and, while forward looking statements are based on certain assumptions that the Company considers reasonable, actual events could differ materially from those expressed or implied by forward looking statements made by the Company. Readers are cautioned to consider these and other factors carefully when making decisions with respect to the Company and to not place undue reliance on forward looking statements. Circumstances affecting the Company may change rapidly. Except as may be expressly required by applicable law, Apollo does not undertake any obligation to update publicly or revise any such forward looking statements, whether as a result of new information, future events or otherwise. These cautionary statements expressly qualify all forward looking statements in this new release.


Apollo Healthcare Corp.