Aim Health Group Com (TSXV:AHG)
Historical Stock Chart
From Jun 2019 to Jun 2024
TORONTO, Sept. 1, 2011 /CNW/ --
AIM AND IMPERIAL ANNOUNCE CLOSE OF ACQUISITION
TORONTO, Sept. 1, 2011 /CNW/ - AIM Health Group Inc. ("AIM" or the
"Company") (TSXV: AHG) and a corporation ("Affiliateco") controlled by
Imperial Capital Group Ltd. ("Imperial") have successfully completed
the previously announced plan of arrangement (the "Arrangement"). The
Arrangement was completed following the approval by the Ontario
Superior Court of Justice (Commercial List) and satisfaction of the
various conditions.
Pursuant to the Arrangement, Affiliateco acquired 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 collectively beneficially
owned by the following 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. AIM is now a direct, wholly-owned
subsidiary of Imperial. The AIM shares will be delisted from the TSX
Venture Exchange (the "TSX-V") on the close of business on September 2,
2011. AIM will also apply to cease to be a reporting issuer under
applicable Canadian securities laws.
AIM received the requisite shareholder approvals for the Arrangement at
the meeting of its shareholders held on August 23, 2011. The Ontario
Superior Court of Justice (Commercial List) granted a final order
approving the Arrangement on August 24, 2011. Thereafter on the same
day, trading in the AIM Shares on the TSX-V was halted.
In order to receive cash consideration for common shares of AIM,
shareholders must follow the instructions set out in the Company's
management information circular dated July 19, 2011 which is available
on the Company's SEDAR profile at www.sedar.com.
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., please visit www.aimhealthgroup.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 plan of arrangement, the de-listing of shares and application to
cease to be a reporting issuer, 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, 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 de-listing of shares or application to cease
to be a reporting issuer 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. 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.
THE TSX VENTURE EXCHANGE INC. HAS IN NO WAY APPROVED NOR DISAPPROVED THE
CONTENTS OF THIS PRESS RELEASE.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/September2011/01/c7941.html
p AIM Health Group Ltd.br/ Lu Barbuto, Presidentbr/ Greg Van Stavern, Secretarybr/ Tel: (905) 475-3353 /p p align="left" Website: ua href="http://www.aimhealthgroup.com"www.aimhealthgroup.com/a/u /p