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TORONTO, June 30 /CNW/ - Futuremed Healthcare Income Fund ("Futuremed")
(TSX:FMD.UN) announced today that is has completed its previously announced
acquisition of Dismed Inc., a leading supplier of medical supplies,
instruments and equipment throughout the province of Quebec. In addition,
Futuremed completed an offering of 1,875,000 units, issued at a price of
$9.10 per unit, that were sold on a bought deal basis to a syndicate of
underwriters led by CIBC World Markets Inc. and National Bank Financial Inc.
The acquisition provides Futuremed with a leading distribution platform
in the Quebec marketplace, which Futuremed can leverage to service the Eastern
Canadian market. The acquisition provides Futuremed 2,500 customers and a
highly skilled workforce, totalling 60 employees, including a dedicated sales
and marketing team with strong relationships in Quebec. In addition, the
acquisition provides Futuremed an operating facility in excess of 80,000
Futuremed Health Care Income Fund
Futuremed Healthcare Income Fund, through its operating entities, is
Canada's leading value-added distributor of consumable nursing home supplies
and specialized furniture and equipment to the growing long-term care
facilities sector. Futuremed's units trade on the Toronto Stock Exchange under
the symbol FMD.UN. More information can be found at www.futuremed.ca.
Founded in 1979 and based in Montreal, Dismed Inc. is a supplier of
medical supplies, instruments and equipment throughout the province of Quebec.
For additional information please visit: www.dismed.com.
For further information:
For further information: Futuremed Healthcare Income Fund, Daniel Sacks,
Chief Financial Officer, (905) 761-0068, Website: www.futuremed.ca