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AHG Aim Health Group Com

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Share Name Share Symbol Market Type
Aim Health Group Com TSXV:AHG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Joint announcement by AIM Health Group Inc. and Imperial Capital Group Ltd.

01/09/2011 4:06pm

PR Newswire (Canada)


Aim Health Group Com (TSXV:AHG)
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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

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