OTTAWA, ONTARIO -- (Marketwired) -- 07/14/16 -- (All amounts in this release are in Canadian Dollars)
Calian Group Ltd. (TSX: CGY) is pleased to announce that the current Health Services Support Contract (HSSC) with the Department of National Defence (DND) has been extended for a further 12-month period with a new completion date of March 31, 2018. The extended contract term will be funded by further increasing the contract ceiling value by $75 million.
"We are honoured to be able to continue our work with DND as their health services delivery partner," stated Scott Murray, Vice-President, Health Services. "We view this extension as a very positive indication of our HSSC team's ability to help DND deliver the highest quality health services to the serving men and women of the Canadian Armed Forces."
"Calian has proudly supported the health care requirements of the military for over 10 years. We take this role very seriously, working hard to consistently earn a 'superior' performance rating throughout the term of the contract. This commitment to delivery excellence and customer satisfaction has enabled Calian to not only retain current customers but attract several new clients in the health domain, directly supporting our strategic goal of being the largest health services organization in Canada," stated Kevin Ford, President and CEO.
About Calian Health
Calian Health is one of Canada's largest national health services companies with over 10 years of experience in the management of healthcare professionals and health programs, as well as the operation and management of primary care and occupational health clinics. With a network of over 1,500 healthcare professionals, Calian supports over six million patient visits per year at over 180 clinic locations across Canada.
Calian employs over 2,500 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities are diverse with services delivered through two divisions. The Business and Technology Services (BTS) Division is headquartered in Ottawa and includes the provision of business and technology services to industry, public and government in the health, training, engineering and IT services domains. Calian's Systems Engineering Division (SED) located in Saskatoon plans, designs and implements complex communication systems for many of the world's space agencies and leading satellite manufacturers and operators. SED also provides contract manufacturing services for both private sector and military customers in North America.
For further information, please visit our website at www.calian.com, or contact us at firstname.lastname@example.org
Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as "intend", "anticipate", "believe", "estimate", "expect" or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company's most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
Calian Group Ltd.
President and Chief Executive Officer
Calian Group Ltd.
Chief Financial Officer