Latest news with #UPSHealthcare
Yahoo
25-04-2025
- Business
- Yahoo
Running on Ice: UPS makes another play in the health care space
UPS continues its expansion in the health care industry, most recently with plans to acquire Andlauer Healthcare Group, a Canada-based cold chain logistics company. The acquisition was a casual $1.6 billion all-cash transaction. It is part of UPS' plan to double revenue in health care logistics to $20 billion by 2026. In a news release, Kate Gutmann, president of international, health care and supply chain solutions for UPS, said: 'Next-generation treatments are driving more complexity than ever, expanding the needs of healthcare customers and increasing demand for the integrated, end-to-end cold chain solutions UPS Healthcare provides around the world.' The acquisition is expected to be finalized in the back half of 2025 but is still subject to approval by AHG's shareholders and regulators. The buyout for shareholders is CA$55 (about $40) per share, roughly a 30% premium to closing stock prices on the day the deal was announced. Eric Kulisch writes for FreightWaves: 'UPS Healthcare has more than 19.2 million square feet of pharma-certified warehouse space under management, including extensive temperature-controlled facilities. Services include inventory management, cold chain packaging and shipping, storage and fulfillment of medical devices, and lab and clinical trial logistics.' Jacksonville, Florida, is turning up the chill, in the best way possible. FreezPak Logistics, a specialist in the temperature-controlled logistics space, is expanding its national footprint with a brand-new, state-of-the-art facility near the Port of Jacksonville. The new facility spans 272,000 square feet and offers capacity for more than 50,000 pallet positions, across both frozen and cooler zones. That's a serious amount of space dedicated to keeping things cool in the Southeast, a region where demand for cold storage is rising fast. With 32 dock doors, the Jacksonville facility is built for efficiency and scalability. This move is part of a bigger expansion strategy. Jacksonville follows on the heels of FreezPak's recent development in Los Angeles, and it's just the beginning. Another new facility is already on the horizon in Norfolk, Virginia. Frozen pizza is not always top of mind as an economic indicator. Much like the Lipstick Index, an informal economic theory that when consumers perceive that a recession is looming, sales for 'affordable luxury' items such as lipstick increase. Turns out frozen pizza is a barometer for that as well. While these different indicators may not be 'economically proven,' they are related to an extent. In recent weeks the sale of higher-priced frozen pizzas has increased. The rise of frozen pizza, specifically the higher-end variety, is a sign of shifting consumer habits. According to market research firm IBISWorld, the U.S. frozen pizza industry generated $6.5 billion in annual revenue in 2024 and remains well above its pre-pandemic level. Craig Zawada, chief visionary officer at price optimization firm Pros Holdings, clarified that while 'It may seem paradoxical for consumers to choose high-priced frozen pizzas during a downturn, it's a trade-off as they substitute dining out with eating at home. This happens every sort of downturn in the economy.' As consumers put a pause on luxury vacations and big purchases, the smaller splurges or 'little treats' are more commonplace. If going out to dinner isn't in the budget, a $12 frozen pizza is a much easier cost to swallow. This week's market under a microscope heads south to Dallas. Capacity is loosening significantly in Dallas as both reefer outbound tender volumes and reefer outbound tender rejections plummet. Reefer outbound tender volumes have dropped 36.65% week over week. During the same period, reefer tender rejections dropped 568 basis points to 5.88%. Both reefer volumes and reefer rejections in Dallas are at the lowest level thus far this year. This is a strong indication of a weakening market for spot rates and demand for capacity. These trends are atypical for this market and this time of the year, meaning historical rates and trends won't be as reliable for pricing spot rates on the decline. The one good thing about the falling capacity is that shippers can expect stronger contract carrier compliance. Is SONAR for you? Check it out with a demo! Bar Tender by Wingstop: The first bar dedicated to chicken tenders Synear Foods USA brings authentic Chinese dumplings to Sam's Club stores nationwide Demand for cold storage projected to stay hot Birds Eye goes green: Solar-powered refrigerated trailers set to hit the roads Maine's new cold storage facility is at the center of a legal battle over millions in unpaid bills Wanna chat in the cooler? Shoot me an email with comments, questions or story ideas at moconnell@ See you on the internet. Mary If this newsletter was forwarded to you, you must be pretty chill. Join the coolest community in freight and subscribe for more at The post Running on Ice: UPS makes another play in the health care space appeared first on FreightWaves. Sign in to access your portfolio
Vancouver Sun
24-04-2025
- Business
- Vancouver Sun
Senators owner Michael Andlauer sells Andlauer Healthcare Group to UPS
Article content Ottawa Senators owner Michael Andlauer has made a big move off the ice. Article content Article content United Parcel Service announced on Thursday morning that it has acquired Andlauer's Toronto-based Andlauer Healthcare Group for a whopping $1.6 billion U.S. Article content The deal is worth approximately $2.2 billion Canadian and comes 18 months after Andlauer closed on a $950 million U.S. purchase of the Senators and a group of partners in Sept. 2023. Article content Article content Under the terms of the agreement, AHG shareholders will receive $55 CAD each for their shares. Article content Article content The news comes as the Senators prepare to host their first playoff game at the Canadian Tire Centre on Thursday night since May 2017, with the club trailing 2-0 against the Toronto Maple Leafs in the Battle of Ontario. Article content It's also interesting to note that this move comes as the Senators try to close a deal with the National Capital Commission to purchase 10 acres of land at LeBreton Flats to build a brand new arena. Article content The news release says Andlauer will remain in his current role with the company. The two sides want to have the deal papered and completed by the end of 2025. Article content 'Post-acquisition, Michael Andlauer is slated to lead UPS Canada Healthcare and AHG to further their specialized capabilities and cater to the healthcare industry's needs,' the press release said. 'UPS Healthcare and AHG employees are noted for their shared customer-centric cultures and emphasis on quality.' Article content Article content Andlauer built AHG from the ground up to a multi-billion-dollar company. The group played a key role in transporting the COVID-19 vaccines across Canada during the pandemic. Article content UPS said it 'will benefit from AHG's temperature-controlled facilities and specialized transportation capabilities, enhancing its service offerings across Canada.' Article content 'UPS Healthcare and AHG employees share a similar customer and patient-centric culture with a relentless focus on quality,' said Andlauer, founder and CEO of AHG. 'Once the transaction is completed, the businesses will offer an even broader set of specialized logistics services to customers throughout Canada.' Article content
National Post
24-04-2025
- Business
- National Post
UPS to Acquire Andlauer Healthcare Group for $1.6 Billion, Strengthening its Global Offerings in Complex Healthcare Logistics
Article content Article content ATLANTA — UPS (NYSE: UPS) today announced that it has entered into a definitive agreement to acquire Andlauer Healthcare Group Inc. (TSX: AND) ('AHG'), a leading North American supply chain management company headquartered in Canada and offering customized third-party logistics and specialized cold chain transportation solutions for the healthcare sector. Article content Under the terms of the agreement, AHG shareholders will receive CAD $55.00 per share in cash, representing a total purchase price of approximately CAD $2.2 billion (USD $1.6 billion). This transaction will extend the global portfolio of end-to-end cold chain capabilities available to UPS Healthcare customers, who increasingly seek temperature-controlled and precision logistics solutions. Article content 'Next-generation treatments are driving more complexity than ever, expanding the needs of healthcare customers and increasing demand for the integrated, end-to-end cold chain solutions UPS Healthcare provides around the world,' said Kate Gutmann, EVP and president of International, Healthcare and Supply Chain Solutions for UPS. 'Andlauer Healthcare Group will help us deliver expanded capability to our customers, driving best in class patient outcomes while contributing to our overall growth plans across the business. This acquisition marks another important step in our declaration to be the number one complex healthcare logistics and premium international logistics provider in the world.' Article content UPS values the expertise, experience, and track record of AHG's management team and employees. Following the close of the transaction, Michael Andlauer will lead UPS Canada Healthcare and AHG to expand the businesses' specialized capabilities and meet the needs of healthcare customers. Article content 'UPS Healthcare and AHG employees share a similar customer and patient-centric culture with a relentless focus on quality,' said Michael Andlauer, founder and CEO of AHG. 'Once the transaction is completed, the businesses will offer an even broader set of specialized logistics services to customers throughout Canada.' Article content Once closed, UPS Healthcare will benefit from AHG's temperature-controlled facilities and specialized cold chain transportation capabilities. Article content Closing of the transaction is targeted for the second half of 2025, subject to AHG's shareholder approval, customary regulatory reviews and approvals, and other customary closing conditions. Article content Michael Andlauer and Andlauer Management Group Inc., the controlling shareholder of AHG, have agreed to vote their AHG shares in favor of the transaction. Article content UPS (NYSE: UPS) is one of the world's largest companies, with 2024 revenue of $91.1 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, 'Moving our world forward by delivering what matters,' the company's approximately 490,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. More information can be found at and Article content UPS Healthcare delivers unparalleled healthcare logistics expertise to its customers around the world. UPS Healthcare has 19.2+ million square feet of cGMP and GDP-compliant healthcare distribution space globally. Services include inventory management, cold chain packaging and shipping, storage and fulfillment of medical devices, and lab and clinical trial logistics. UPS Healthcare's global infrastructure, its UPS® Premier visibility service, its track and trace technology, and its global quality system are well-suited to meet today's complex logistics demands for the pharmaceutical, medical device, and laboratory diagnostic industries. Visit for more information. Article content AHG (TSX: AND) is a leading and growing supply chain management company offering a robust platform of customized 3PL and specialized transportation solutions for the healthcare sector. AHG's 3PL services include customized logistics, distribution, and packaging solutions for healthcare manufacturers across Canada. AHG's specialized transportation services, including air freight forwarding, ground transportation, dedicated delivery and last mile services, provide a one-stop shop for clients' healthcare transportation needs. Through its complementary service offerings, available across a coast-to-coast distribution network, AHG strives to accommodate the full range of its clients' specialized supply chain needs on an integrated and efficient basis. For more information on AHG, please visit: Article content Article content Article content Article content Article content
Business Wire
24-04-2025
- Business
- Business Wire
UPS to Acquire Andlauer Healthcare Group for $1.6 Billion, Strengthening its Global Offerings in Complex Healthcare Logistics
ATLANTA--(BUSINESS WIRE)--UPS (NYSE: UPS) today announced that it has entered into a definitive agreement to acquire Andlauer Healthcare Group Inc. (TSX: AND) ('AHG'), a leading North American supply chain management company headquartered in Canada and offering customized third-party logistics and specialized cold chain transportation solutions for the healthcare sector. UPS acquires Andlauer Healthcare Group for $1.6 billion to enhance its global offerings in complex healthcare logistics. Under the terms of the agreement, AHG shareholders will receive CAD $55.00 per share in cash, representing a total purchase price of approximately CAD $2.2 billion (USD $1.6 billion). This transaction will extend the global portfolio of end-to-end cold chain capabilities available to UPS Healthcare customers, who increasingly seek temperature-controlled and precision logistics solutions. 'Next-generation treatments are driving more complexity than ever, expanding the needs of healthcare customers and increasing demand for the integrated, end-to-end cold chain solutions UPS Healthcare provides around the world,' said Kate Gutmann, EVP and president of International, Healthcare and Supply Chain Solutions for UPS. 'Andlauer Healthcare Group will help us deliver expanded capability to our customers, driving best in class patient outcomes while contributing to our overall growth plans across the business. This acquisition marks another important step in our declaration to be the number one complex healthcare logistics and premium international logistics provider in the world.' UPS values the expertise, experience, and track record of AHG's management team and employees. Following the close of the transaction, Michael Andlauer will lead UPS Canada Healthcare and AHG to expand the businesses' specialized capabilities and meet the needs of healthcare customers. 'UPS Healthcare and AHG employees share a similar customer and patient-centric culture with a relentless focus on quality,' said Michael Andlauer, founder and CEO of AHG. 'Once the transaction is completed, the businesses will offer an even broader set of specialized logistics services to customers throughout Canada.' Once closed, UPS Healthcare will benefit from AHG's temperature-controlled facilities and specialized cold chain transportation capabilities. Additional Transaction Details Closing of the transaction is targeted for the second half of 2025, subject to AHG's shareholder approval, customary regulatory reviews and approvals, and other customary closing conditions. Michael Andlauer and Andlauer Management Group Inc., the controlling shareholder of AHG, have agreed to vote their AHG shares in favor of the transaction. For more information about UPS Healthcare's innovations and customer-driven solutions, visit and About UPS UPS (NYSE: UPS) is one of the world's largest companies, with 2024 revenue of $91.1 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, 'Moving our world forward by delivering what matters,' the company's approximately 490,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. More information can be found at and About UPS Healthcare UPS Healthcare delivers unparalleled healthcare logistics expertise to its customers around the world. UPS Healthcare has 19.2+ million square feet of cGMP and GDP-compliant healthcare distribution space globally. Services include inventory management, cold chain packaging and shipping, storage and fulfillment of medical devices, and lab and clinical trial logistics. UPS Healthcare's global infrastructure, its UPS® Premier visibility service, its track and trace technology, and its global quality system are well-suited to meet today's complex logistics demands for the pharmaceutical, medical device, and laboratory diagnostic industries. Visit for more information. About AHG AHG (TSX: AND) is a leading and growing supply chain management company offering a robust platform of customized 3PL and specialized transportation solutions for the healthcare sector. AHG's 3PL services include customized logistics, distribution, and packaging solutions for healthcare manufacturers across Canada. AHG's specialized transportation services, including air freight forwarding, ground transportation, dedicated delivery and last mile services, provide a one-stop shop for clients' healthcare transportation needs. Through its complementary service offerings, available across a coast-to-coast distribution network, AHG strives to accommodate the full range of its clients' specialized supply chain needs on an integrated and efficient basis. For more information on AHG, please visit:
Cision Canada
24-04-2025
- Business
- Cision Canada
Andlauer Healthcare Group to be Acquired by UPS
AHG to join the UPS family of companies in an all-cash transaction at C$55.00 per share, accelerating both UPS's and AHG's long term growth strategy in healthcare transportation and logistics. AHG will continue to be headquartered in Vaughan, Ontario. AHG shareholders to receive C$55.00 in cash per share, representing a premium of 31.1% over the last closing price and 38.4% over the 30-day volume-weighted average trading price. AHG to become part of the UPS Healthcare global network, which will add AHG's specialized transportation and logistics network with its cold-chain capabilities built for the healthcare sector to UPS Healthcare's existing offerings, further enhancing the complex end-to-end solutions available to customers. The Board of Directors of AHG, after receiving a unanimous recommendation from a special committee of independent directors, unanimously determined that the Transaction is fair and reasonable to AHG's shareholders and in the best interests of AHG. Shareholders, including Michael Andlauer and Andlauer Management Group Inc., representing 53.2% of AHG's outstanding shares and 82.0% of the votes entitled to be cast to approve the Transaction, have entered into voting and support agreements in favor of the Transaction. TORONTO, April 24, 2025 /CNW/ - Andlauer Healthcare Group Inc. (TSX: AND) (" AHG" or the " Company") today announced that it has entered into a definitive arrangement agreement (the " Arrangement Agreement") with affiliates of UPS (NYSE: UPS) (collectively, " UPS") under which UPS has agreed to acquire AHG via an all-cash transaction that values AHG at an equity value of approximately C$2.2 billion (US$1.6 billion) (the " Transaction"). All of the issued and outstanding multiple voting shares (the " Multiple Voting Shares") and subordinate voting shares (the " Subordinate Voting Shares", and with the Multiple Voting Shares, the " Shares") of the Company will be acquired for C$55.00 per Share in cash (the " Consideration"), which represents a 31.1% premium to the last closing price prior to the announcement of the Transaction and a premium of 38.4% to the 30-day volume-weighted average trading price on the Toronto Stock Exchange (the " TSX") on April 23, 2025, the last trading day prior to the announcement of the Transaction. The Transaction is supported by Michael Andlauer, Chief Executive Officer of AHG and the indirect holder of 53.2% of AHG's outstanding Shares and 82.0% of the votes entitled to be cast to approve the Transaction. "I look forward to working with UPS to leverage its logistics capabilities to enhance AHG's specialized transportation and healthcare logistics services to our clients," said Michael Andlauer. "I am also excited that AHG employees will continue to have opportunities to grow and that UPS shares our cultural values." "This substantial investment in Canada by UPS is a testament to the outstanding business that Michael and his leadership team have built with focus and care for AHG's employees and customers since 1991", said Peter Jelley, chair of AHG's Board. "This transaction, with its significant cash premium, provides meaningful and immediate value to shareholders while also finding an exceptional partner in UPS that shares our passion and focus on service quality that ensures the safe and efficient movement of healthcare products". "New, complex treatments are coming to market quicker than ever before, driving better patient outcomes and increased global demand for specialized logistics services," said UPS EVP and President of International, Healthcare and Supply Chain Solutions Kate Gutmann. "We are excited to add AHG's expertise, culture and capabilities to UPS Healthcare's commitment to excellence. This acquisition strengthens our ability to meet growing customer need for integrated, end-to-end cold chain solutions around the world." UPS values the expertise, experience, and track record of AHG's management team and employees. Following the close of the transaction, Michael Andlauer will lead UPS Canada Healthcare and AHG to expand the businesses' specialized capabilities and meet the needs of healthcare customers. UPS has been a trusted partner to Canadian customers since 1975 and has a strong track record of investment in Canada. UPS's Canadian operations encompass approximately 13,500 Canadian employees with facilities across Canada. This Transaction represents UPS's continued commitment to invest in Canada. Transaction Details The Transaction, which was unanimously approved by the Board of Directors of AHG (the " Board"), after receiving a unanimous recommendation from a special committee of independent directors (the " Special Committee"), is to be carried out by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) and will require approval of two-thirds of the votes cast by holders of Multiple Voting Shares and Subordinate Voting Shares, voting as a single class, at a special meeting (the " Special Meeting") of the holders of Multiple Voting Shares and Subordinate Voting Shares (collectively, the " Shareholders"). The Special Meeting is expected to be held in June 2025. The Arrangement Agreement includes customary terms and conditions, including a non-solicitation covenant on the part of AHG, which is subject to "fiduciary out" provisions that would enable AHG to enter into a definitive agreement with respect to an unsolicited proposal that constitutes a superior proposal (as defined in the Arrangement Agreement) in certain circumstances, subject to UPS having a right to match any superior proposal. A termination fee of C$66 million would be payable by AHG to UPS in certain circumstances, including if AHG terminates the Arrangement Agreement pursuant to the "fiduciary out" provisions. A reverse termination fee of C$110 million is payable by UPS to AHG if the Transaction is not completed in certain circumstances, including where certain of the required regulatory approvals are not received. Michael Andlauer and Andlauer Management Group Inc., the Company's largest Shareholder, and each of the Company's other directors and officers have entered into voting and support agreements pursuant to which they have agreed, subject to the terms thereof, to support and vote all of their Shares in favour of the Transaction. Consequently, holders of approximately 2.6% of the Subordinate Voting Shares and holders of 100% of the Multiple Voting Shares, representing approximately 82.4% of the total voting power attached to all of the Shares, have agreed to vote their Shares in favour of the Transaction. All voting and support agreements terminate automatically upon termination of the Arrangement Agreement. In addition to Shareholder approval, the completion of the Transaction will be subject to court and regulatory approvals and clearances, as well as other customary closing conditions. The Transaction is not subject to any financing condition. Subject to the satisfaction of such conditions, the Transaction is expected to be completed in the second half of 2025. Following the completion of the Transaction, it is expected that the Subordinate Voting Shares will be delisted from the TSX and that AHG will cease to be a reporting issuer in all applicable Canadian jurisdictions. Subject to financial results, capital requirements, available cash flow, corporate law requirements and any other factors that the Board may consider relevant, it is the Company's intention to continue to declare a C$0.12 quarterly dividend on an ongoing basis until the closing of the Transaction. As a result of the announcement of the Transaction, the Company's previously announced automatic share purchase plan established in connection with its normal course issuer bid announced on June 27, 2024, has terminated in accordance with its terms. The Arrangement Agreement restricts any further purchases under the Company's normal course issuer bid, which will formally terminate on July 1, 2025. Board and Special Committee Recommendation In arriving at its unanimous recommendation in favor of the Transaction, the Special Committee considered several factors, including the opinion of CIBC Capital Markets that, as of the date thereof and subject to the assumptions, limitations and qualifications therein, the Consideration to be received by the Shareholders is fair, from a financial point of view, to such Shareholders. The Board, based on the recommendation of the Special Committee and having also received CIBC Capital Market's fairness opinion, has unanimously approved the Transaction and determined the Transaction is fair and reasonable to Shareholders and in the best interest of the Company, and unanimously recommends that Shareholders vote in favour of the Transaction. Additional Information and Where to Find It Further details regarding the terms of the Transaction are set out in the Arrangement Agreement, which will be publicly filed on AHG's SEDAR+ profile at Additional information regarding the terms of the Arrangement Agreement, the background to the Transaction, the rationale for the recommendations made by the Special Committee and the Board, and how the Shareholders can participate in and vote at the Special Meeting, along with a copy of the written fairness opinion of CIBC Capital Markets, will be provided in the management information circular which will be mailed to Shareholders and filed on the Company's SEDAR+ profile at Shareholders are urged to read these and other relevant materials when they become available. Advisors Goodmans LLP is acting as legal counsel to the Company. Stikeman Elliott LLP and King & Spalding LLP are acting as legal advisors to UPS. CIBC Capital Markets is acting as financial advisor to the Company, its Board and the Special Committee. BofA Securities is acting as UPS's financial advisor in connection with the Transaction. Early Warning Disclosure Andlauer Management Group Inc. (" AMG"), a private corporation owned and controlled by Michael Andlauer, currently owns all of the 20,807,955 issued and outstanding Multiple Voting Shares and 10,200 Subordinate Voting Shares (representing less than 0.1% of the issued and outstanding Subordinate Voting Shares, 53.2% of all issued and outstanding Shares and 82.0% of the voting power attached to all of the issued and outstanding Shares). Following the completion of the Transaction, AMG will not own any Shares. A copy of the early warning report to be filed under National Instrument 62-103 by AMG (the " Early Warning Report") in connection with the Transaction will be available on the Company's SEDAR+ profile at The head office of the Company is located at 100 Vaughan Valley Blvd., Vaughan, Ontario L4H 3C5. About UPS UPS (NYSE: UPS) is one of the world's largest companies, with 2024 revenue of US$91.1 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, "Moving our world forward by delivering what matters," the company's approximately 490,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. About UPS Healthcare UPS Healthcare delivers unparalleled healthcare logistics expertise to its customers around the world. UPS Healthcare has 19.2+ million square feet of cGMP and GDP-compliant healthcare distribution space globally. Services include inventory management, cold chain packaging and shipping, storage and fulfillment of medical devices, and lab and clinical trial logistics. UPS Healthcare's global infrastructure, its UPS® Premier visibility service, its track and trace technology, and its global quality system are well-suited to meet today's complex logistics demands for the pharmaceutical, medical device, and laboratory diagnostic industries. About AHG AHG is a leading and growing supply chain management company offering a robust platform of customized third-party logistics (" 3PL") and specialized transportation solutions for the healthcare sector. The Company's 3PL services include customized logistics, distribution and packaging solutions for healthcare manufacturers across Canada. AHG's specialized transportation services in Canada, including air freight forwarding, ground transportation, dedicated delivery and last mile services, provide a one-stop shop for clients' healthcare transportation needs. Through its complementary service offerings, available across a coast-to-coast distribution network, AHG strives to accommodate the full range of its clients' specialized supply chain needs on an integrated and efficient basis. The Company also provides specialized ground transportation services, primarily to the healthcare sector, across the 48 contiguous U.S. states. For more information on AHG, please visit: Forward Looking Information This press release contains "forward-looking information" and "forward-looking statements" (collectively, " forward-looking information") within the meaning of applicable securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projects", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Specifically, statements regarding the anticipated benefits of the Transaction for the Company, Shareholders and other stakeholders, including, plans, objectives, expectations and intentions of UPS or the Company; statements regarding the timing and receipt of Shareholder, court and regulatory approvals in respect of the Transaction; anticipated timing of the Special Meeting; the satisfaction of the conditions precedent to the Transaction; payment of dividends; the proposed timing and completion of the Transaction; the closing of the Transaction and the delisting from the TSX; and other statements that are not statements of historical facts are all considered to be forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the risk that the Transaction will not be completed on the terms and conditions, or on the timing, currently contemplated; that the Transaction may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required Shareholder, court and regulatory approvals and other conditions to the closing of the Transaction or for other reasons; the risk that competing offers or acquisition proposals will be made; the negative impact that the failure to complete the Transaction, for any reason, could have on the price of the Subordinate Voting Shares or on the business of AHG; the possibility of adverse reactions or changes in business relationships resulting from the announcement or completion of the Transaction; risks relating to the Company's ability to retain and attract key personnel during and following the interim period; the possibility of litigation relating to the Transaction; credit, market, currency, operational, liquidity and funding risks generally and relating specifically to the Transaction, including changes in economic conditions, interest rates or tax rates; and those other risks discussed in greater detail under the "Risk Factors" section of our Annual Information Form which is available under our profile on SEDAR+ at If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in forward-looking statements included herein. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, any forward-looking statements included herein are made as of the date of this news release and, except as expressly required by applicable law, AHG assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements. SOURCE Andlauer Healthcare Group Inc.
