Calian Technologies Ltd.

TSX : CTY


Calian Technologies Ltd.

January 13, 2014 11:27 ET

Acquisition Expands Calian's National Healthcare Presence

OTTAWA, ONTARIO--(Marketwired - Jan. 13, 2014) - Calian Technologies Ltd. (TSX:CTY) is pleased to announce that it has acquired the Med-Team medical clinic located in Kanata, Ontario. For the past 29 years Med-Team has been a long-standing healthcare provider to the Kanata and the greater National Capital Region providing family practice, urgent care and walk-in medical services.

"Med-Team has an excellent reputation for providing quality healthcare services and we are delighted to work with the owners, healthcare practitioners and staff of Med-Team. We look forward to leveraging their expertise and best practices into Calian's national medical clinic program," stated Kevin Ford, President of the Business and Technology services division. "The Med-Team acquisition aligns to our strategic goals related to the establishment of a national civilian healthcare footprint to augment our military offerings, strengthening our national medical practitioner network and expanding our health service offerings to our clients."

"When searching for a company to carry on our long history of caring for the people of West Ottawa, we were pleased to discover Calian. With its strong financial position, people based culture and reputation for quality, this company is becoming a leading player in the nation's health care. We are excited to be part of their long term strategy and to provide advice on the execution thereof," stated Dr. Michael Eden-Walker, President of Med-Team.

About Calian

Calian employs over 2400 people with offices and projects that span Canada, the United States and international markets. The company's capabilities include the provision of business and technology services to industry and government in the health, operations and maintenance, IT services and training domains as well as the design, manufacturing and maintenance of complex systems to the satellite communications and defence sectors. Our goal is to be the best company to work for, buy from and invest in.

About Med-Team

Med-Team is a medical practice management business providing facility management, medical support staff and administration services to doctors working from their clinic. Med-Team was established in 1984 under the principle that quality medical care starts and ends with timely service. Initially operating as a walk-in clinic, the facility has expanded several times over its 29 year history to support increased demand and provides urgent care, walk-in, family practice and chiropody services.

For further information, please visit our website at www.calian.com, or contact us at ir@calian.com.

DISCLAIMER

Certain information included in press releases on this site is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Calian to integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, see the reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Contact Information

  • Calian Technologies Ltd.
    Ray Basler
    President and Chief Executive Officer
    306-931-3425

    Calian Technologies Ltd.
    Jacqueline Gauthier
    Chief Financial Officer
    613-599-8600
    www.calian.com