Real Estate — May 7, 2009

MediSolution Ltd. Going Private Transaction Is Approved

TORONTO, ONTARIO--(Marketwire - May 7, 2009) - MediSolution Ltd. (TSX:MSH) ("MediSolution") and Brookfield Asset Management Inc. (TSX:BAM)(NYSE:BAM)(EURONEXT:BAMA) ("Brookfield") announced today that at a special meeting of shareholders of MediSolution held this morning, the amalgamation (the "Amalgamation") of MediSolution with an indirect wholly-owned subsidiary of Brookfield was approved by 99.28% of the total votes cast at the meeting and by 97.84% of the minority held shares cast at the meeting. MediSolution and Brookfield intend to complete the Amalgamation as soon as practicable.

Pursuant to the Amalgamation, each common share of MediSolution, other than those held by Brookfield and its subsidiaries, will be exchanged (by way of one redeemable preferred share of the amalgamated corporation) for C$0.30 in cash.

Upon completion of the Amalgamation, Brookfield will beneficially own all of the outstanding common shares of MediSolution.

The common shares are expected to be de-listed from the Toronto Stock Exchange within three business days of the Amalgamation becoming effective. MediSolution intends to apply to the applicable securities regulatory authorities in order to cease to be a reporting issuer under the applicable securities legislation as soon as practicable.

About MediSolution Ltd.

MediSolution (TSX:MSH), a Brookfield Asset Management company, is a leading information technology company, providing enterprise resource planning and specialized blood bank software, solutions and services to healthcare and service sector customers across North America. More than 300 healthcare, public and service sector organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs and improve the delivery of services. The company's product portfolio is comprised of Financial Management software such as accounts receivable, budgeting and materials management, Business Intelligence solutions as well as Human Capital Management tools and services including human resources management, staff scheduling and payroll processing. The company also provides specialty hemovigilance solutions that improve patient safety, reduce waste and increase efficiency for blood transfusion services. For more information, please visit www.medisolution.com.

About Brookfield

Brookfield Asset Management Inc. is focused on property, power and infrastructure assets and has approximately US$80 billion of assets under management. Brookfield's common shares are listed on the New York and Toronto Stock Exchanges under the symbol BAM and on Euronext under the symbol BAMA. For more information, please visit www.brookfield.com.

For more information, please contact

MediSolution Ltd.
Paul Lepage
President and Chief Executive Officer
(514) 850-5040
info@medisolution.com

or

Brookfield Asset Management Inc.
Denis Couture
SVP, Investor Relations and
Corporate and International Affairs
(416) 956-5189
dcouture@brookfield.com

Print | Email

Latest Industry Press Releases

Updated 14:02 MDT, March 18, 2010  

Construction/Building

CMHC: Canada's Economic Action Plan Creates Jobs and Improves Housing on Reserve in Yukon and Northern British Columbia (2010-03-18)

SCHL : Le Plan d'action économique du Canada crée des emplois et améliore les logements dans les réserves du Yukon et du Nord de la Colombie-Britannique (2010-03-18)

Black Diamond Group Limited Announces March Dividend (2010-03-18)

GTA REALTORS(R) Reporting March Mid-Month Housing Statistics (2010-03-17)

Dessau raises $330,000 for Centraide (2010-03-17)

CEMATRIX Corporation Announces Appointment of a Vice President (2010-03-17)

CEMATRIX Corporation Announces Appointment of New Director and Grant of Stock Options (2010-03-17)

ADF Group Inc. announces the departure of its Chief Financial Officer (2010-03-17)

Black Diamond Group Limited Announces Closing of $25.33 Million Bought Deal Equity Financing (2010-03-17)

Laird Electric secures $45 million of new projects in the Alberta oil sands (2010-03-16)

CanWel Building Materials Fourth Quarter and 2009 Year End Earnings Release and Conference Call Notification (2010-03-16)

GENIVAR Income Fund: Notice of 2009 Fourth Quarter and Year-End Results and Conference Call (2010-03-16)

Bird Construction Income Fund announces Its Selection as the Preferred proponent for Alberta New Schools Project (2010-03-16)

Global demand for equipment strong at Ritchie Bros. Edmonton auction (2010-03-15)

PARA PAINTS and Lowe's Announce Partnership (2010-03-15)

Mohawk Announces Cash Tender Offer for Up To $200,000,000 Aggregate Principal Amount of Its Outstanding 6.50% Senior Notes Due 2011 (2010-03-15)

Vicwest Income Fund Announces Distribution for March 2010 (2010-03-15)

European Energy Giants Increase Renewable Energy Portfolios, an Industrial Info News Alert (2010-03-14)

Media Advisory: CMHC-Social Housing Renovation Announcement (2010-03-12)

CMHC: Canada's Economic Action Plan Creates Jobs and Improves Housing on Reserve in Quebec (2010-03-12)

SCHL : Le Plan d'action économique du Canada crée des emplois et améliore les logements dans les réserves au Québec (2010-03-12)

Avis Aux Médias: SCHL-Annonce concernant la rénovation de logements sociaux (2010-03-12)

Bird Construction Income Fund announces strong 2009 annual financial results and March and April 2010 distributions (2010-03-12)

Environmentally Friendly Soil Stabilizer Introduced to the Dominican Republic (2010-03-12)

Bird Construction Income Fund announces intention to convert to a dividend paying corporation and dividend policy (2010-03-12)

Governments of Canada and Quebec Invest in New Affordable Housing in La Peche (2010-03-12)

The Churchill Corporation Reports 2009 Financial Results (2010-03-12)

Brampton Brick Reports Results for the Fourth Quarter and Year Ended December 31, 2009 (2010-03-12)

Seacliff Awarded $8.4 Million Electrical Contract at Edmonton Clinic North (ECN) Bringing Total Work at ECN to $56.0 Million: Fourth Institutional Infrastructure Contract Win in 2010 (2010-03-11)

NorthGrid Solar Inc. opens regional offices in Ottawa and Sault Ste. Marie (2010-03-11)

Media Advisory: Social Housing Renovation Announcement (2010-03-11)

The Ultimate Design Tool for Segmental Retaining Walls Now Available From Allan Block(R) -- AB Walls 10 (2010-03-11)

SNC-Lavalin refutes misinformation published on federal building contracts (2010-03-11)

Kids Crooked House Partners with Kinder Canada in Playhouse Giveaway (2010-03-11)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 313 projects with a total value of $3,164,198,755 that Reed Construction Data Building Reports reported on yesterday.

RAILWAY LINK

$400,000,000 Windsor ON Prebid

RETAIL DEVELOPMENT

$300,000,000 Toronto ON Negotiated

RESIDENTIAL, COMMERCIAL DEVELOPMENT

$250,000,000 Etobicoke ON Negotiated

Daily Top 10

PROJECT NEWS BRIEFS