Royal LePage acquires HFS Mobility

Article Abstract:

Royal LePage Ltd., a Toronto, Ontario-based provider of real estate brokerage and related services, has acquired HFS Mobility Services Canada for an undisclosed amount from Cendant Mobility Services Corp. of Danbury, CT. Simon Dean, Royal LePage's president of residential, said the acquisition of HFS Mobility will be financed by the cash Royal LePage received from the 30% stake in Brookfield Management Services Ltd. that was sold in September 1998. The deal, which is scheduled to be completed on Oct. 7, 1998, is expected to boost the Royal LePage's hold in the contracted business market to approximately 60%.

Comment:

Sells HFS Mobility Services Canada to Royal LePage for an undisclosed amount

Land Subdivision and Land Development, Subdividers & Developers, Other Activities Related to Real Estate, Relocation Management Services, Royal LePage Ltd., Relocation management, HFS Mobility Services Canada, Cendant Mobility Services Corp.

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Extendicare selling pharmacy operations

Article Abstract:

Extendicare Inc. of Markham, Ontario, in Canada, has agreed to sell its pharmacy operations to Omnicare Inc. of Covington, KY, for over $250 million cash and stock and warrants. In addition to the cash, Omnicare, the largest provider of pharmacy and related services to long-term care institutions in the US, will pay Extendicare with 125,000 Omnicare shares as well as warrants to acquire 1.5 million shares of the pharmacy unit. Extendicare considers its pharmacy operations as non-strategic assets requiring funds that the company would rather invest into its core businesses.

Comment:

To acquire the pharmacy operations of Extendicare of Markham, Ontario in Canada, for over $250 mil cash & stock & warrants

Health Care, Health Care and Social Assistance, Kentucky, Medical care, Omnicare Inc., Extendicare Inc.

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