Medisys Health Group Income Fund - Appointment Notice

    MONTREAL, Jan. 31 /CNW/ - Dr. Sheldon Elman, Chairman and Chief Executive
Officer of Medisys Health Group Income Fund (TSX: MHG.UN), today announced the
appointment of Stuart M. Elman as President of Medisys Health Group.
    Stuart Elman has been with Medisys Health Group for over seven years in
varying positions, the most recent being that of Chief Financial Officer, a
role in which he will continue. Dr. Elman will continue to serve as Chairman
and Chief Executive Officer of Medisys Health Group and as Chairman and a
trustee of Medisys Heath Group Income Fund.
    "Stuart has earned a high level of respect and trust from his colleagues,
his team and our board members," said Dr. Sheldon Elman, CEO of Medisys Health
Group. "These attributes will enable Stuart to ensure Medisys' success in its
continuing drive for service excellence and profitable growth as Canada's
leading healthcare provider."
    Dr. Elman commented, "My role over the past 20 years has been to create
and help build a great Canadian company of which I am exceedingly proud. Along
with Stuart and the rest of our management team, I will continue to provide
part of the vision and energy needed to propel Medisys to even greater

    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, 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 September 30, 2006, and other filings with the Canadian
securities regulatory authorities. Actual results and events may vary.

    %SEDAR: 00018670EF

For further information:

For further information: Stuart M. Elman, President & Chief Financial
Officer, Medisys Health Group, Phone: (514) 499-2778, Email:

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