a:10:{s:2:"id";s:2:"62";s:12:"cms_headline";s:15:"Quote - Labstat";s:7:"content";s:2194:"<blockquote>
<p>Labstat had a history of capitalizing its business with funds secured through the Canadian and U.S private equity markets.&nbsp; In 2011, when its majority shareholder indicated that its investment fund would be closing, Labstat once again found itself in the market for a recapitalization transaction.&nbsp; In this transaction the founding shareholder, Dr. William Rickert, along with the management shareholders were looking for an investment partner whose interests, including investment timeline, would be aligned with a view to supporting the long-term growth of the Company.</p>

<p>Labstat&rsquo;s founder and management shareholder&rsquo;s considered other financing options but were seeking an investment partner that would allow management to control the strategic direction of the Company.&nbsp; While private equity investors expressed interest in Labstat&rsquo;s cash flow and long-term prospects, such investments would require a control position for the private equity investor.&nbsp; Further, the private equity market was unappealing to the founding and management shareholders as the Company wished to stabilize its capital structure rather than facing the potential of having to return to the private equity market every three to five years when timing of future transactions may or may not be favorable.</p>

<p>The Alaris proposal to create a partnership with Labstat was ideal as the financial contribution made by Alaris together with financing provided by Labstat&rsquo;s senior lender allowed the Company&rsquo;s Founder to acquire control of the common equity of the Company.&nbsp; Further attractive deal points included: Alaris&rsquo; long term investment strategy, lower than private equity return expectations, and distributions which increase or decrease based on revenue performance.</p>

<p>After careful consideration, it was with pleasure that Labstat&rsquo;s founder and management team selected Alaris as its long-term capital partner.</p>
</blockquote>

<div class="quote-name">Kimberly Stevenson Chow</div>

<div class="quote-details">Chief Financial Officer</div>

<div class="quote-details">Labstat International ULC</div>";s:7:"html_id";s:0:"";s:10:"cms_active";s:1:"1";s:11:"cms_deleted";s:1:"0";s:9:"cms_draft";s:1:"0";s:11:"cms_created";s:19:"2015-01-12 13:07:39";s:12:"cms_modified";s:19:"2015-01-12 13:07:39";s:20:"cms_modified_by_user";s:1:"5";}