Medisys receives proposal to go private

Twitter icon
Facebook icon
LinkedIn icon
e-mail icon
Google icon

Canadian healthcare and diagnostic imaging services provider Medisys Health Group said that it has received a written proposal from its significant unitholder, the Elman family, through which it would be taken private at a net price of $7 Canadian ($6.62, U.S.) per unit, in cash, according to the Montreal-based firm.

Medisys Board of Trustees has established a special committee of independent trustees that will consider the proposed transaction and make recommendations to the board, as well as supervise the preparation of a formal valuation in connection with the proposed transaction, as required by Canadian securities laws.

The transaction is subject to negotiation of satisfactory transaction documentation; the approval, support and favorable recommendation of the transaction to unitholders by the special committee; and receipt of required regulatory and other approvals, including unitholder approvals as required by the fund's declaration of trust and applicable securities laws.