MONTREAL, Sept. 25 /CNW/ - On August 24, 2007, Medisys Health Group
Income Fund ("Medisys") received an unsolicited communication from CML
Healthcare Income Fund ("CML") expressing CML's interest in proposing a
transaction involving Medisys. Since that time, Medisys and CML have had
preliminary discussions and have exchanged correspondence concerning the
nature of such a transaction.
Recent efforts have focused on negotiating an appropriate confidentiality
and standstill agreement on terms satisfactory to the Medisys Board of
Trustees, given the competitive positions of the parties in the healthcare
marketplace. As the parties have not, however, been able to reach agreement on
the terms of such an agreement, discussions between the parties have
About Medisys Health Group
Medisys Health Group is a leading Canadian provider of healthcare and
medical imaging services to corporations and individuals and health-related
underwriting support services to insurance companies. Through its national
network of facilities, including offices in Montreal, Ottawa, Toronto, Calgary
and Vancouver, Medisys' Corporate Health Services division delivers
preventive, diagnostic and consultative healthcare services to approximately
4,000 corporations, including 320 companies of the Financial Post 500.
Medisys' Medical Imaging operations service patient populations in both
Ontario and Quebec. Medisys' Insurance Medical Services division supports the
national underwriting activities of more than 60 Canadian and U.S. life and
health insurance companies. Medisys Health Group Income Fund is an
unincorporated, open-ended, limited purpose trust established to invest in
Medisys Health Group and its subsidiaries.
This media release may contain certain forward-looking statements that
reflect the current views and/or expectations of Medisys Health Group Income
Fund, Medisys Holding LP, Medisys Health Group Inc., and Medisys Health Group
LP with respect to their respective performance, business, and future events.
Such statements are subject to a number of risks, uncertainties, and
assumptions as outlined in the Fund's management's discussion and analysis for
the period ended June 30, 2007, and other filings with the Canadian securities
regulatory authorities. Actual results and events may vary.
For further information:
For further information: Stuart M. Elman, President & Chief Financial
Officer, Medisys Health Group, Phone: (514) 499-2778, Email: