Shares Pop as Healthcare Firm Announces LOI to Treat Chronic Pain

The field of pain management is seeing growth, with chiropractic, massage therapy, acupuncture and physiotherapy supporting those in pain. This company is looking to expand into this territory to provide more products and services for clients.

Integrated health-care company Pathway Health Corp. (TSXV: PHC) provides products and services to patients living with chronic pain. Per the company’s press release, Pathway has entered into a Letter of Intent to acquire the operating assets of NewLight Pain Clinic in Canada.

NewLight provides a wide range of pain management services. The firm also has a unique marketing model to attract new clients and providers.

Shares were up over 20% in afternoon trade.