Medicus Acquires Oxybec Sante-Confort

The Médicus Group (« Médicus ») have announced that it is acquiring Oxybec Santé-confort (« Oxybec »), a Corporation specializing in daily life aids as well as autonomy and mobility support equipments.

Financial terms were not disclosed. Since 1988, Oxybec developed an expertise in the support of the ageing persons or in loss of autonomy by the sale, rental and after sale service of orthopedic and medical equipments. The Corporation offers latest technology products, insures the training of its personnel to meet the growing needs of the Québec clientele for the institutional and the private sectors, while adopting a responsible and fair behavior.

Jacinte Bleau, President and Chief Executive Officer of the Corporation, declared: "We are aware of the growing needs of an ageing customer base in Québec and the upcoming "Livre blanc" in the home care organization. The expertise of Mr. Christian Fabi and the Oxybec team adds to the Médicus know-how in order to better develop this market keeping in mind its quest for excellence".

Christian Fabi, for his part, said: "We are proud to partner with Médicus and The Jean Coutu Group who share our values and are highly concerned with offering high quality products and services. The sharing of the two companies' expertise will benefit our customers. Autonomy is security at home, the prevention of falls, the secure adaptation of the home, the fitting of a bathroom as well as bringing technical support to the people with reduced mobility or loss of autonomy".

Following this transaction, The Jean Coutu Group (PJC) inc. and the Bleau family each own 47.5% of the Corporation and Christian Fabi owns 5%.

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