To: Kimberly Lee who wrote (47058 ) 12/17/1999 2:09:00 PM From: Kimberly Lee Read Replies (5) | Respond to of 108040
(BSNS WIRE) text of MDER news: Med-Emerg International Inc. Completes Acquisition of YFMC H Med-Emerg International Inc. Completes Acquisition of YFMC Healthcare Inc. Business Editors TORONTO--(BUSINESS WIRE)--Dec. 17, 1999--Med-Emerg International Inc., (NASDAQ: MDER-MDERW), is pleased to announce that it has successfully completed the acquisition of 95% of YFMC Healthcare Inc., a leading owner operator of healthcare clinics throughout Canada. Med-Emerg announced that it intends to acquire the remaining YFMC Common Shares (approximately 5%) pursuant to the compulsory acquisition provisions of the Ontario Business Corporations Act. Med-Emerg International Inc. through its clinic and physician network is the leading publicly traded Canadian physician services organization. In addition, through its subsidiary HealthyConnect.com, it is committed to establishing a pre-eminent role in the Internet eHealth industry. HealthyConnect.com provides connectivity to physicians, patients, and providers with proprietary web browser applications. HealthyConnect.com intends to launch its proprietary browser applications, the Professional Health Monitor and Clinic@Home during the first quarter of 2000. These products will enable the Med-Emerg network of physicians and 750,000 patients with around the clock connectivity, portable personal health records, and robust on-line product purchasing capabilities. Med-Emerg International Inc. is committed to becoming the pre-eminent provider of an Internet health network, through its subsidiary HealthyConnect.com Inc., an Internet information technology company, that uses enabling technology to link patients, physicians and services providers. HealthyConnect.com Inc. is an eHealth industry participant providing connectivity, web-based products and dynamic health information content to its rapidly growing patient network. Med-Emerg specializes in the coordination and delivery of emergency and primary healthcare related services in Canada. These services include physician and nurse staffing and recruitment, clinical management services, the development and management of urgent care centers, and a comprehensive physician practice management program. Certain oral and written statements of the management of the Company included in this press release may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, and Section 21E of the U.S. Securities Exchange Act of 1934. The accuracy of such statements cannot be guaranteed as they are subject to a variety of risks. The NASDAQ Stock Exchange has neither approved nor disapproved of the information contained in this press release. --30--et/ny* CONTACT: Stanley Wunderlich Consulting For Strategic Growth, Ltd. Corporate Development Consultants Tel: 800-625-2236 Fax: 516-625-4523 Email: cfsg@iname.com -or- Kathryn Gamble Chief Financial Officer Med-Emerg International, Inc. Tel: 800-757-9229 Fax: 905-858-1399 Email: kgamble@med-emerg.com KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: INTERNET MEDICAL NETWORKING MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet