On January 6, 2006, Futuremed Healthcare Income Fund completed an initial public offering of 12,035,614 trust units at a price of $10 per unit for gross proceeds of $120,356,140. The Fund used the proceeds of the offering to indirectly acquire an approximate 90.3 per cent in the business currently conducted through Futuremed Health Care Products Limited Partnership.
The offering was underwritten by a syndicate of underwriters led by CIBC World Markets Inc. and BMO Nesbitt Burns as bookrunners, and including RBC Dominion Securities Inc., National Bank Financial Inc., TD Securities Inc., Dundee Securities Corporation and Sprott Securities Inc. Futuremed is a leading Canadian distributor of consumable nursing supplies and specialized furniture and equipment to the long-term care facilities sector.
The Fund was represented by Goodmans LLP with a team that included Stephen Pincus, Susan Garvie, Meredith Roth, Gesta Abols and Kevin Wilson (corporate and securities), Mitch Sherman and Alan Bowman (tax) and Jean Anderson and Rosella Santilli (banking).
The underwriters were represented by Torys LLP with a team in Toronto that included James Scarlett, Glen Johnson, David Boyko and Joanna Jazairi (corporate and securities), and Corrado Cardarelli, Ron Nobrega and Andrea Shreeram (tax). Torys' New York team included Mark Adkins (corporate and securities) and Gregg Benson (tax).
The offering was underwritten by a syndicate of underwriters led by CIBC World Markets Inc. and BMO Nesbitt Burns as bookrunners, and including RBC Dominion Securities Inc., National Bank Financial Inc., TD Securities Inc., Dundee Securities Corporation and Sprott Securities Inc. Futuremed is a leading Canadian distributor of consumable nursing supplies and specialized furniture and equipment to the long-term care facilities sector.
The Fund was represented by Goodmans LLP with a team that included Stephen Pincus, Susan Garvie, Meredith Roth, Gesta Abols and Kevin Wilson (corporate and securities), Mitch Sherman and Alan Bowman (tax) and Jean Anderson and Rosella Santilli (banking).
The underwriters were represented by Torys LLP with a team in Toronto that included James Scarlett, Glen Johnson, David Boyko and Joanna Jazairi (corporate and securities), and Corrado Cardarelli, Ron Nobrega and Andrea Shreeram (tax). Torys' New York team included Mark Adkins (corporate and securities) and Gregg Benson (tax).
