Convalo Health International Trading on TSX Venture Following Closing of Qualifying Transaction with CPC Valiant Minerals - Video News Alert on InvestmentPitch.com

February 26, 2015 3:05 PM EST | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2015) - Convalo Health International (TSXV: CXV) started trading on the TSX Venture Exchange, following approval of its qualifying transaction with Capital Pool Company "Valiant Minerals". Convalo is an acquisition-oriented company focused on rolling up the US outpatient addiction rehabilitation market.

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The US drug, alcohol, and addiction market exceeded $35 billion in 2014 and continues to grow rapidly as other addictions, such as internet addiction, sex addiction, anxiety disorders, prescription drug addition, eating disorders and post-traumatic stress disorders become covered by insurance under recent legislation.

Convalo management, led by Chairman & CEO Michael Dalsin, current chairman and former CEO of Patient Home Monitoring, has experience in both US healthcare acquisitions and healthcare service asset management.

In May 2014, Convalo made its first acquisition of an addiction rehabilitation center located in Hollywood, California, operating under the brand name BLVD Centers. Convalo has a deep pipeline of potential acquisitions, and more than $5 million on hand, with plans to close 20 acquisitions in the next 4 years.

Michael Dalsin, Chairman and CEO stated: "This market is highly fragmented and very fast growing because of the insurance reimbursement now available to millions of Americans. Our first acquisition has been quite a success. After just 8 months of ownership, we have increased sales from $80,000 a month to over $300,000 a month."

For a more information, please visit the company's website www.convalohealth.com, or contact Dennis Wilson at investorinfo@convalohealth.com.

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