CML HealthCare Income Fund Appoints New Chief Operating Officer



    Toronto Stock Exchange Symbol: CLC.UN

    MISSISSAUGA, ON, Nov. 2 /CNW/ - CML Healthcare Inc. and CML HealthCare
Income Fund (the "Fund"), (TSX: CLC.UN) today announced the appointment of
Kent B. Nicholson as Chief Operating Officer. In this newly created executive
position, Mr. Nicholson will be responsible for the development and execution
of CML HealthCare's operational business plans, procedures and objectives, in
support of advancing corporate strategy.
    "Mr. Nicholson is a proven business leader with a strong background in
managing large, customer-service oriented enterprises and driving superior
business performance," said Paul Bristow, President and CEO of CML HealthCare
Income Fund. "We look forward to Kent joining our executive team to oversee
our laboratory services and medical imaging patient clinic operations, and
driving continued service enhancements to both patients and referring
physicians."
    Mr. Nicholson is a seasoned business executive with more than 20 years of
senior management experience in regulated industries, with expertise in:
strategic and operational planning, organizational development, process
re-engineering, sales and marketing, acquisitions and divestitures, and
financial forecasting and analysis. He was formerly Divisional Vice President,
Petroleum Operations and Business Development, of Canadian Tire Corporation,
Canada's largest independent retailer of gasoline. Providing executive
leadership to regional directors and managers for Canadian Tire's retail
petroleum network, Mr. Nicholson administered a multi-million dollar annual
capital improvements and expansions budget, championing customer service
excellence, enhanced retail branding and marketing, and played a key role in
growing the petroleum retail network from 195 to 270 locations. Prior to
Canadian Tire, Mr. Nicholson held a number of progressive management positions
at Imperial Oil Ltd., culminating in responsibility for managing the $200
million, 400-employee, Ontario Home Comfort operation, delivering heating oil,
gas and diesel fuel to residential and commercial customers throughout
Ontario. In this role, he negotiated the acquisition of a number of
independent home heat companies to protect market share and grow the
operational business base. Mr. Nicholson also served as President of Mr. Lube
Canada where he oversaw the successful $25 million divestiture of 140
franchises and corporate locations across Canada. Mr. Nicholson holds a
Bachelor of Science, Engineering, from the University of New Brunswick.

    Caution concerning forward-looking statements
    ---------------------------------------------
    Statements made in this news release, other than those concerning
historical financial information, may be forward-looking and therefore subject
to various risks and uncertainties. Some forward-looking statements may be
identified by words like "may", "will", "anticipate", "estimate", "expect",
"intend", or "continue" or the negative thereof or similar variations. 
Readers are cautioned not to place undue reliance on such statements, as
actual results may differ materially from those expressed or implied in such
statements. Factors that could cause results to vary include, but are not
limited to: dependence on government-based revenues; pending and proposed
legislative or regulatory developments including the impact of changes in
laws, regulations and the enforcement thereof; intensifying competition from
established competitors and new entrants in the businesses in which we
operate; technological change; interest rate fluctuations and general economic
conditions; insurance coverage of sufficient scope to satisfy any liability
claims; fluctuations in operating results; dependence on our operating
subsidiary to pay its interest obligations; fluctuations in cash distributions
and capital investment; management of credit, market, liquidity and funding
and operational risks; judicial judgments and legal proceedings; our ability
to complete strategic acquisitions and to integrate our acquisitions
successfully; changes in accounting policies and methods we use to report our
financial condition, including uncertainties associated with critical
accounting assumptions and estimates; operational and infrastructure risks
including possible equipment failure and performance of information technology
systems; fluctuations in total patient referrals; loss of services of key
senior management personnel; other factors that may affect future growth and
results including, timely development and introduction of new products and
services; changes in our estimates relating to reserves and allowances; future
sales of units; changes in tax laws; technological changes and obsolescence,
natural disasters, the possible impact on our businesses from public health
emergencies, international conflicts and other developments including those
relating to terrorism; and our success in anticipating and managing the
foregoing risks.
    We caution that the foregoing list of factors is not exhaustive and that
when reviewing our forward-looking statements, investors and others should
refer to the "Risk Factors" section of the Fund's Annual Information Form, the
"Business Risks" and other sections of our Management's Discussion and
Analysis of Operating Results and Financial Position and our other periodic
filings with Canadian securities regulatory authorities. All forward-looking
statements presented herein should be considered in conjunction with such
filings. The Fund does not undertake to update any forward-looking statements;
such statements speak only as of the date made.

    About CML HealthCare Income Fund

    CML HealthCare Income Fund is an unincorporated open-ended trust that
owns CML HealthCare Inc., one of Canada's largest healthcare services
businesses. CML is a leading provider of laboratory testing services in
Ontario and the largest private provider of medical imaging services in
Canada. CML HealthCare Income Fund is publicly traded on the Toronto Stock
Exchange under the symbol "CLC.UN" and has approximately 86.6 million units
outstanding. To reach CML HealthCare Income Fund via the worldwide web log on
to www.cmlhealthcare.com.

    %SEDAR: 00020333E




For further information:

For further information: Bruce Wigle, Investor Relations, The Equicom
Group Inc., (416) 815-0700 ext. 228, (416) 815-0080 fax, Email:
bwigle@equicomgroup.com; Tom Weber, Chief Financial Officer, CML HealthCare
Income Fund, (905) 565-0043, (905) 565-2844 fax, Internet:
www.cmlhealthcare.com

Organization Profile

CML HEALTHCARE INC. (FORMERLY CML HEALTHCARE INCOME FUND)

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