The following information has been compiled from publicly available sources, StratCom does not assume any responsibility for the accuracy or the authenticity of the information and StratCom cannot be held liable for errors.
Dynacare Inc. a Toronto-based provider of clinical laboratory
services in Canada and the United States, is planning to purchase
its outstanding common shares and go private. Minority shareholders
will receive C$6.45 in cash for each subordinate voting share
and each multiple voting share. In 1996, the company had sales
of approximately US $180 million.
Saliva Diagnostic Systems Inc., Vancouver, Wash, (SDS) has signed
a letter of intent with Advanced Pathology Services Canada
Inc., Edmonton, Alberta whereby APS will sell SDS' rapid HIV blood
and saliva-based tests. APS Canada Inc. provides specialized
human and veterinary testing services, and maintains a laboratory
exclusively devoted to saliva testing.
The Ontario Health Services Restructuring Commission has
recommended closing 10 of Toronto's 44 hospitals to cut costs.
The shutdowns would eliminate 1,750 beds, more than 20 percent
of the city's total, and could put several thousand nurses and
other employees out of work. The commission said closing the
10 Toronto hospitals, and converting two others to walk-in clinics,
would save $318 million a year. It suggested that 15 percent of
the savings be reinvested in home care and long-term care, and
one-third used to upgrade existing hospitals.
In the downtown core, the Commission has made the following recommendations:
Mount Sinai Hospital, Princess Margaret Hospital and The Toronto
Hospital, including the Western Division, to establish a joint
committee, the Joint University Avenue Hospitals. The Orthopedic
and Arthritic Hospital and Women's College Hospital will close
and amalgamate with Sunnybrook Health Science Centre to form a
single hospital corporation on the Sunnybrook site. St. Michael's
Hospital will assume ownership, operation, management and control
of the Wellesley Central Hospital. The Central Hospital site will
become an ambulatory care centre. The Wellesley site will close.
Doctors Hospital will close and its services will be fully integrated
into the Western Division of The Toronto Hospital.
The Queensway General Hospital will amalgamate with The Mississauga Hospital to form a single hospital corporation. The Queensway General site will become an ambulatory care centre. North York General Hospital will assume operation and management of North York Branson Hospital which will close.
The burn programs at the Wellesley Central Hospital and Scarborough
General Hospital will be transferred to the Sunnybrook site.
Healthcare in Canada - February 1997
Healthcare in Canada - January 1997
Healthcare in Canada - December 1996
Healthcare in Canada - November 1996
Healthcare in Canada - October 1996
Healthcare in Canada - September 1996
Healthcare in Canada - August 1996
Healthcare in Canada - July 1996
Healthcare in Canada - June 1996
Concept and Design Blue Page Productions
Copyright © 1996-1997 STRATCOM
Last modified: April 01, 1997