MONTREAL, March 28 /CNW/ - Persistence Capital Partners LP, a private
equity fund managed by the Elman family, announced that a total of 631,923
ordinary trust units ("Units") of Medisys Health Group Income Fund (the
"Fund") will be acquired by its subsidiary, 6799221 Canada Limited (the
"Corporation") by a compulsory acquisition in accordance with the Fund's
Declaration of Trust and applicable law, effective at 5:00 p.m. (Toronto time)
today. These Units, together with Units previously tendered to the
Corporation's offer to acquire all of the outstanding Units, dated
February 13, 2008 and taken up by the Corporation on March 24, 2008 and the
units owned or controlled by the Corporation and its joint actors, represent
100% of the outstanding Units. Upon the completion of such acquisition, the
Corporation intends to de-list the Units from the Toronto Stock Exchange.
The office of the Corporation is located at 500 Sherbrooke Street West,
Suite 500, Montreal, Quebec, H3A 3C6.
For further information:
For further information: Stuart M. Elman, Phone: (514) 499-2778, Email: