MISSISSAUGA, ONTARIO--(Marketwired - June 25, 2013) - CML HealthCare Inc. (TSX:CLC) (the "Company" or "CML"), announced today that it has entered into an Arrangement Agreement (the "Arrangement") with a newly formed Ontario corporation established by LifeLabs Inc., the general partner of LifeLabs Medical Laboratory Services ("LifeLabs"). LifeLabs is indirectly owned by OMERS Administration Corporation ("OMERS"), whose interest is managed by Borealis Infrastructure ("Borealis"). The Arrangement provides for the acquisition of all issued and outstanding shares of CML for $10.75 per share in cash by way of a Plan of Arrangement under the Business Corporations Act (Ontario). The total transaction, including the assumption of CML's outstanding debt of $255 million at March 31, 2013, is valued at approximately $1.22 billion.

The $10.75 in cash per common share that CML shareholders will receive under the terms of the Arrangement, represents a 49.3% premium to CML's closing price of $7.20 on June 24, 2013, and a 47.0% premium to the 20-day volume-weighted average share price based on trading on the Toronto Stock Exchange.