Calian Evolves Health Services with Acquisition of Canadian Health Companies
OTTAWA, Jan. 31, 2020 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY) today announces its acquisition of two Ottawa-based health companies, Allphase Clinical Research Services Inc. and Alio Health Services Inc. (collectively, “Allphase/Alio”).
The companies serve the pharmaceutical and medical device industry and the broader health care sector with clinical trial services, specialty medication support and community care and other services, all enabled by an innovative health care delivery management software application. The transaction provides Calian’s Health segment with access to innovative services and new customer segments in pharmaceuticals, hospital care and patient support at home.
Established in 2001, Allphase Clinical Research is a full-service Contract Research Organization (CRO) providing high-quality clinical development management and strategy services for pharmaceutical and medical device companies that have products in development or approved and marketed.
Since its launch 2012, Alio Health Services has grown rapidly in the areas of Patient Support Program management and health resource optimization. Alio Health specializes in the design and implementation of comprehensive Patient Support Programs that enhance the patient's experience throughout their treatment journey. Its services are enabled by Alio’s innovative HOMETM software application which streamlines the scheduling and delivery of health services for hospitals, health care institutions and home care locations. Driven by proprietary systems and HOMETM system automation, Alio’s Patient Support Programs ensure superior quality control and the provision of more cost-effective in-home services.
“We are very pleased to join the Calian team and a larger, innovative market player,” said Jeff Smith, President, Allphase/Alio. “At Allphase and Alio Health, we are focused on creating the best experiences for patients, caregivers and the health care industry. Calian’s scale and market reach will enable Allphase/Alio’s continued expansion within the health sector and support our ability to take our proprietary software products, systems and services to the next level.”
“I am excited to bring Jeff and the entire Allphase/Alio team on board at Calian. This acquisition will accelerate our access to emerging technologies and business in new markets, encompassing hospitals, patient support at home and clinical trial services,” said Gordon McDonald, Vice President, Health, Calian. “As we leverage the HOMETM software application across Calian’s existing health services portfolio, we see significant potential to drive new business and create efficiencies within our current health services.”
The amount paid on closing of $14.5 million is comprised $12 million cash and 62,054 common shares. Additionally, the agreement contains two earnout payments on the first- and second-year anniversaries, of $6 million and $6 million respectively, based on the achievement of a certain level of EBITDA in each of those periods. Allphase/Alio’s results will be consolidated and reported within Calian’s Health segment.
“This strategic acquisition supports all four pillars of our growth framework. It diversifies our customer base into pharmaceuticals, home care and hospitals, and supports Calian’s innovation agenda with services enabled by sophisticated software. We see opportunities to evolve this software within our Health segment and strengthen Calian’s position in technology-enabled health solutions,” stated Kevin Ford, President and CEO, Calian. “I would like to extend a warm welcome to the Allphase/Alio team, whose addition to Calian will support our health innovation objectives and sales efforts in new markets domestically and globally. At Calian we believe in investing in technologies that can improve the performance of our health system.”
About Allphase/Alio
Allphase Clinical Research Services Inc. and, Alio Health Services Inc. (collectively, “Allphase/Alio”) are Ottawa-based health service companies serving the Canadian market. Founded in 2001, Allphase Clinical Research is a full-service, Contract Research Organization (CRO) providing high-quality clinical development management and strategy services for companies with early-stage to post-market approval products. Alio Health specializes in the design and implementation of comprehensive Patient Support Programs (PSP) that enhance the patient's experience throughout their treatment journey. Alio Health’s unique and proprietary PSP workflow automation software and systems ensure excellent quality control and provide significant operational cost efficiencies. The companies serve hospitals, clinics, home care locations and large pharmaceutical customers in all major markets in Canada.
About Calian
Calian employs over 3,400 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company’s diverse capabilities are delivered through four segments: Advanced Technologies, Health, Learning and Information Technology. The Advanced Technologies segment provides innovative products, technologies and manufacturing services and solutions for the space, communications, defence, nuclear, government and agriculture sectors. The Health segment manages a network of more than 1,800 health care professionals delivering primary care and occupational health services to public and private sector clients across Canada. Learning is a trusted provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defence, health, energy and other sectors. The Information Technology segment supports public- and private-sector customer requirements for subject matter expertise in the delivery of complex IT and cyber security solutions. Headquartered in Ottawa, the Company’s offices and projects span Canada and international markets.
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DISCLAIMER
Certain information included in this press release 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. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including 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, please see the Company’s most recent annual report and other 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.
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