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HRL Hansa Resources Limited

0.06
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hansa Resources Limited TSXV:HRL 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% 0.06 0.06 0.125 0 01:00:00

CML HealthCare Inc. Acquires Hemostasis Reference Laboratory

02/10/2012 12:35pm

Marketwired Canada


CML HealthCare Inc. (TSX:CLC) (the "Company" or "CML") announced today it has
acquired Hemostasis Reference Laboratory Inc. ("HRL"). Located in Hamilton,
Ontario, HRL is a provider of specialized laboratory testing services in the
areas of coagulation for clients throughout the world. Its customers include
diagnostic manufacturers, pharmaceutical research, clinical research, and CROs
in Canada, the United States, Europe and Australia. HRL currently performs
specialty clinical trials, research studies, and reagent analysis, and is one of
the few organizations world-wide that conduct validation testing on equipment
and reagents. For the twelve months ended June 30, 2012, HRL's revenue was
approximately $1.5 million. The acquisition of HRL will allow CML to expand its
service offerings and diversify its payor base in line with its recently
announced strategy. The transaction closed on October 1, 2012. 


"We are very excited about the Hemostasis business as we believe it is a great
platform for growth in their areas of expertise. While the current financial
impact from HRL on the overall CML consolidated results is modest, the
acquisition will be immediately accretive to cash flow, and the company's
compound annual growth rate of over 20% during the past several years has been
very impressive. Over time, we expect to see continued revenue growth and
improving margins without significant further capital investment," said Mr.
Wellner. "I want to personally welcome all of Hemostasis' valued employees to
CML and look forward to continuing to build on the past success of Hemostasis in
the provision of specialized testing services to our customers."


About CML HealthCare Inc.

Based in Mississauga, Ontario, CML HealthCare Inc. is Canada's leading
community-based, medical diagnostic services provider operating 140 laboratory
patient service centres in Ontario and 103 imaging patient service centres in
Ontario, Alberta and British Columbia. CML is publicly-traded on the Toronto
Stock Exchange under the symbol "CLC" and has approximately 89.8 million common
shares outstanding. For more information, please visit www.cmlhealthcare.com.


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