Of the total, $23.4 million will be paid in cash and the remainder will be paid by the issuance of 81,128 newly issued Atrium common shares to Multicare’s president and CEO. Moreover, Multicare has a bank debt of $6.4 million.
Pierre Fitzgibbon, president and CEO of Atrium, said: “We are very happy with this acquisition, which is perfectly in line with our strategic development objectives, in addition to respecting our financial criteria.”