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Agility Health Announces Closing of $3.4M of Non-Brokered Private Placements

GRAND RAPIDS, MICHIGAN -- (Marketwired) -- 03/20/14 -- Agility Health, Inc. (TSX VENTURE:AHI) ("Agility Health" or the "Company"), a leading provider of physical rehabilitation and software services that benefit patients, healthcare providers and employers is pleased to announce that it has closed the second and final tranche of the previously announced non-brokered private placement offering (the "Private Placement"). Under this tranche, the Company issued a total of 2,791,302 voting common shares ("Shares") at a price of $0.60 per Share, for gross proceeds of $1,674,781.20, bringing the total number of Shares issued under the first and second tranche of the Private Placement to 5,725,972 Shares for total gross proceeds of $3,435,583.20.

The Company paid finder's fees of up to 7% of the gross proceeds of Shares purchased by investors under the second tranche procured through such finders (the "Finders' Investors") and issued non-transferrable warrants to such finders of up to 10% of the Shares purchased by the Finders' Investors (the "Finders Warrants"). Each Finders Warrant is exercisable by the holder to acquire one additional Share for a period of 2 years from issuance at an exercise price of $0.60 per Share. In connection with the second tranche of the Private Placement, the Company paid a total of $104,697.68 in finder's fees and issued 249,280 Finders Warrants.

All transactions referred to in the release are subject to regulatory approval, including approval of the TSX Venture Exchange. For further details, please contact the Company. All securities issued in connection with the Private Placement will be subject to a hold period of four months from the date of closing.

The net proceeds from the Private Placement will be used for general corporate and working capital purposes.

The securities offered pursuant to the Private Placement have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may be not be offered or sold in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Agility Health

Through its subsidiary and principal operating entity, Agility Health, LLC, Agility Health operates a multi-state network of outpatient rehabilitation clinics and provides contracted services to hospitals, nursing homes and other institutional clients, providing care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and a variety of other injuries and conditions. In addition, Agility Health provides a number of ancillary services related to physical rehabilitation, including practice management software systems and custom orthotics. Agility Health operates 74 outpatient or onsite rehabilitation locations in 17 states. Agility Health's contract therapy services business provides rehabilitative services to 41 hospitals and inpatient rehabilitation units, 36 nursing homes, long-term care facilities and other service locations in 9 states. For more information, please visit investors.agilityhealth.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Agility Health, Inc.
Steven N. Davidson
Chief Executive Officer
Tel: (616) 356-5000

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