In addition, other DLA Piper professionals have been active in launching the MEII and will continue to play important roles in the ongoing functioning of the program.
MEII is an independent 501(C)(3) non-profit corporation.
Ramesh Zacharias, CEO of MEII agree that the merger of the two medical services groups is a logical and patient focused outcome of the strategic alliances established in 1999 between LRC and MEII.
MEII will, through a Take-Over Bid Circular, offer to acquire 100% of the outstanding shares of LRC for approximately 1,200,000 common shares of MEII and approximately an additional 400,000 common share purchase warrants exercisable at $3.
Carl Pahapill, President of MEII
stated: "The success of our competitors in the internet-based healthcare products and services field, including Healtheon and WebMD, demonstrate the demand for web based sale of healthcare products, information and services.
We look forward to growing MEII
for our mutual benefit.
MEII provided over 240 healthcare professionals and more than 44,000
MEII is becoming one of Canada's premier medical health companies providing staffing and management expertise to the medical industry.
We see this as a true alliance between the civilian health care sector and Canada's military," said Donald Ross, Vice President, Operations at MEII
The completion of this financing is subject to the approval of MEII
specializes in the coordination and delivery of emergency and primary health care related services in Canada.