CML Healthcare ends acquisition talks with Medisys

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On Tuesday, CML Healthcare terminated a preliminary acquisition discussion with Medisys Health Group, a provider of medical imaging services. These talks began on Aug. 24 when Medisys received “an unsolicited communication from CML expressing CML's interest in proposing a transaction,” according to a Medisys press release.

The Montreal-based Medisys stated that the recent dialogue focused on negotiating an appropriate confidentiality agreement satisfactory to the Medisys board of trustees, given the competitive positions of both parties in the healthcare marketplace.

Medisys said that since the parties have not been able to reach an agreement, the parties terminated the discussions.