LifeLabs to Acquire CML HealthCare for $10.75/Share

LifeLabs Medical Laboratory Services ("LifeLabs"), a leading Canadian provider of community laboratory services, announced today that it has entered into an Arrangement Agreement (the "Agreement") with CML HealthCare Inc.

under which LifeLabs will acquire all of the issued and outstanding common shares of CML for $10.75 per share in cash by way of a Plan of Arrangement. The combination of LifeLabs with CML will expand community lab testing services for patients in the province of Ontario. LifeLabs and CML provide laboratory testing services that help Ontario health care providers diagnose, treat, monitor and prevent disease in patients. The two organizations provide high quality diagnostic services to community patients through patient service centers, homecare and long-term care facilities visits, and dedicated laboratory testing facilities. LifeLabs is indirectly owned by OMERS Administration Corporation, whose interest is managed by Borealis Infrastructure."I'm very pleased to announce that our two laboratory diagnostic companies are coming together in Ontario to serve patients and their health providers," said Sue Paish, President and CEO of LifeLabs. "Coming together, we can be even stronger partners with government and health care providers in the planning and delivery of high quality and accessible