Joint Announcement By Aim Health Group Inc. and Imperial Capital Group Ltd.

TORONTO, Aug. 17, 2011 /CNW/ -- 
TRANSACTION UPDATE


TORONTO, Aug. 17, 2011 /CNW/ - AIM Health Group Inc. ("AIM" or the
 "Company") (TSXV: AHG) and Imperial Capital Group Ltd. ("Imperial") are
 providing an update in respect of the proposed plan of arrangement
 whereby, among other things, an affiliate of Imperial ("Affiliateco")
 will acquire all of the issued and outstanding common shares of AIM for
 $0.25 per share in cash, other than an aggregate of 17,243,500 common
 shares (the "Rolling Shares") collectively beneficially owned by the
 following shareholders (the "Rolling Shareholders"):  Dr. Lu Barbuto,
 Mr. Greg Van Staveren, Mr. William Danis, Dr. Michael Sehl and Mrs.
 Yvonne Chan (AIM's CEO, CFO, SVP-Operations and Finance, Medical
 Director- WHCS division and Senior Sales Director- WHCS division,
 respectively), and two other non-insider shareholders, each of whom
 will remain shareholders of the AIM business. The Rolling Shareholders
 will receive one share of Affiliateco for each of their Rolling Shares.
 The plan of arrangement has been amended to reflect the foregoing.


The plan of arrangement is more fully described in the management
 information circular of AIM dated July 19, 2011 that has been mailed to
 shareholders.  AIM's shareholders will have an opportunity to vote on
 the transaction at a meeting to be held on August 23(rd), 2011 at 9:30 a.m., at the offices of Blake, Cassels & Graydon LLP, 40(th) Floor, Commerce Court West, Toronto, Ontario.  Voting may also be done
 by proxy provided that to ensure validity, properly completed proxies
 must be received by the Company's transfer agent, Equity Financial
 Trust Company, 200 University Avenue, Suite 400, Toronto, Ontario M5H
 4H1, not later than August 21, 2011 at 10:00 a.m. (Toronto time).


Provided that the Company's shareholders approve the plan of arrangement
 (including a favourable vote of shareholders excluding certain
 management shareholders), and the other closing conditions are met or
 waived, it is expected that the effective date of the plan of
 arrangement will be on or about August 25, 2011.  Certain AIM
 shareholders, who collectively own approximately 76% of the outstanding
 common shares, have entered into lock-up and voting support agreements
 with Imperial pursuant to which they have agreed to vote in favour of
 the transaction.


About Imperial Capital Group Ltd.


Founded in 1989, Imperial Capital is a Toronto-based private equity fund
 manager that focuses on investment opportunities in small to mid-sized
 companies in North America. Imperial Capital's strategy is to seek out
 suitable companies with above average growth opportunities in carefully
 selected industry niches to which it can add value. Imperial has
 investments and significant expertise in the following industry
 sectors: Healthcare, Business Services and Consumer Services and
 Non-Durable Products. For further information on Imperial Capital,
 please visit www.imperialcap.com.


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, which encompasses 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.


Further information on AIM Health Group Inc. can be found in its
 disclosure documents filed with the securities regulatory authorities,
 available at www.sedar.com.


Caution Concerning Forward Looking Statements 


Certain statements in this press release are forward-looking
 statements.   All statements other than historical fact, contained in
 this press release, including but not limited to statements regarding
 the proposed plan of arrangement, constitute 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, successful completion of the plan of arrangement,
 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 conclusions will not prove to be accurate, that assumptions may not
 be correct, that objectives, strategic goals and priorities will not be
 achieved and/or that the plan of arrangement may not be completed.  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, or could
 cause the plan of arrangement not to be completed. 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 (including the completion of the plan of arrangement), 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.


THE TSX VENTURE EXCHANGE INC. HAS IN NO WAY APPROVED NOR DISAPPROVED THE
 CONTENTS OF THIS PRESS RELEASE.


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