On February 13, 2008, 6799221 Canada Limited, controlled by the Elman family, announced that it has launched offer to acquire all of the issued and outstanding ordinary trust units of Medisys Health Group Income Fund (TSX: MHG.UN) at C$8.50 per unit in cash. 6799221 also announced that in connection with the offer, it has mailed to the fund's unitholders a takeover bid circular dated February 13, 2008 and related documents. The offer is conditional, as described in the takeover bid circular, and will be open for acceptance until March 19, 2008 unless the offer is extended, withdrawn or changed by 6799221.
Dr. Sheldon Elman is the founder and chair of Medisys Health Group, a leading Canadian provider of healthcare services to corporations, medical imaging services and health-related underwriting support services to insurance companies.