Company continues string of profitable results

TORONTO, June 15, 2011 /CNW/ - AIM Health Group Inc. ("AIM" or the "Company") (TSXV: AHG), a fully integrated health care company, announced today that its revenues increased 1.9% to $14.34 million for the three months ended March 31, 2011 ("Q1 2011") from $14.08 million for the same period in 2010.  The Company also announced that net income attributable to shareholders for the Quarter decreased to approximately $121,000 from approximately $330,000 in 2010.  At the same time EBITDA1 decreased to approximately $608,000 from approximately $834,000 the same period in 2010.

The Company's financial results are summarized as follows:

 ($000's)       Three Months Ended 
         March 31 
         2011     2010 
 Revenue      14,340   14,075
 EBITDA   1       608   834
 Net income attributable to shareholders  121   330

 1  EBITDA is defined as earnings before interest, taxes and non-cash items including stock compensation, amortization and accretion expenses.

Dr. Lu Barbuto, President and Chief Executive Officer of AIM commented, "The first quarter of 2011 reflected challenges linked to various regulatory changes.    Legislative changes introduced in the latter part of 2010 created temporary barriers to the growth of our chronic pain management business.  Under the direction of the Ministry of Health and Long-term Care, the College of Physicians and Surgeons of Ontario introduced a premises inspection program for all facilities providing out-of-hospital services.  AIM is an avid supporter of these changes which will enhance the quality of care of patients in Ontario.  Ultimately we view this as a long-term benefit to AIM; however, it has curtailed our short-term growth while our facilities undergo their initial inspection.  Our business is driven by our ability to meet the needs of our patients and customers.  Operationally, snow conditions curtailed our business hours, limiting revenues, without an offsetting reduction in our costs.  Strategically, I believe that AIM continues to be extremely well positioned to take advantage of various new business opportunities.  We look forward to playing a key role in community based primary care as new healthcare partnership opportunities arise".

During the Quarter, the Company continued to develop its Corporate Health business, by expanding its national delivery network and by signing new contracts valued at more than $1 million annually.  Further, it continued to expand its national infusion network by signing contracts that will bring new products and services to its sites.

The Company also announced that it has filed its March 31, 2011 financial results with the securities regulatory authorities. Such financial results may be found on SEDAR at

About AIM Health Group Inc.

AIM is a fully integrated Canadian health care company that offers community based comprehensive services to individuals that are ill, injured, or disabled, and to individuals requiring lifestyle interventions to improve their quality of life (wellness). This philosophy translates into a continuum of health delivery where the individual's health care is integrated with the various service providers through a public-private funding delivery model. This continuum of care model is the core concept of AIM's integrated service and delivery model.

AIM's service lines integrate all aspects of health care and include, but are not limited to, Clinical Services, encompassing family medicine, infusion therapies, medical chronic pain management, inter-disciplinary rehabilitation; Corporate Health and Disability Management; and Pharmaceutical Services including hospital and community-based research on behalf of third-party pharmaceutical companies, original research and pharmacy services.

Caution Concerning Forward-Looking Statements

Certain statements in this press release are forward-looking statements.  These statements are based upon certain material factors, assumptions and analyses that were applied in drawing a conclusion or making a forecast or projection, including AIM's experience and perceptions of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances.  Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of AIM for the current fiscal year and subsequent periods. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions.

By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusion will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.  A variety of material factors, many of which are beyond AIM's control, affect operations, performance, achievements and results of AIM that may be expressed or implied by such forward-looking statements and could cause actual results to differ materially from current expectations of estimated or anticipated events or results. These factors include, but are not limited to: general economic, industry and market segment conditions; equipment and labour shortages and inflationary costs; changes in applicable environmental, taxation and other laws and regulations, as well as how such laws and regulations are interpreted and enforced; changes in technology; operating risks, including risks inherent in the ability to generate sufficient cash flow from operations to meet current and future obligations; increased competition; stock market volatility; ability to maintain current and obtain additional financing; and management's success in anticipating and managing the foregoing factors.

The reader is cautioned that the foregoing list of factors is not exhaustive of the factors that may affect AIM's forward-looking statements. The reader is also cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management of AIM currently believes to be reasonable assumptions, actual results, performance or achievements could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits will be derived therefrom. These forward-looking statements are made as of the date of this release and, other than as specifically required by law, AIM does not assume any obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.


SOURCE AIM Health Group Inc.

For further information:

AIM Health Group Inc.
Lu Barbuto, President and Chief Executive Officer or
Greg Van Staveren, Chief Financial Officer

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AIM Health Group Inc.

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