LevelJump Healthcare enters into cooperation agreement and announces board reconstitution

Goodmans LLP advised the Board of Directors of LevelJump Healthcare Corp. in connection with entering into a cooperation agreement with a shareholder of LevelJump, Frank Teti.

Frank Teti holds more than 5% of the issued and outstanding common shares of LevelJump. He requisitioned a meeting of shareholders of the company for the purpose of reconstituting LevelJump’s board of directors by removing the current directors and electing five new independent directors.

Under the terms of the cooperation agreement, LevelJump has agreed to a reconstitution of its Board of Directors to include three new appointments and resignation of certain previous board members.

LevelJump is one of Canada’s largest companies providing emergency teleradiology that offers in-patient diagnostic imaging facilities, including x-rays, ultrasounds, mammography, and other medical services.