Ottawa, ON August 9, 2018 – Calian Group Ltd. (TSX: CGY) is pleased to announce that effective today it has acquired Priority One, based in Calgary, Alberta, to support growing demand for the company’s national mental health services.
Priority One operates as William Barker Clinical Psychologist Ltd. and Priority One Workplace Health Inc. Calian’s investment in this strategic acquisition expands Calian Health’s mental health services footprint with regulatory and law enforcement agencies across the country.
Priority One provides specialized psychological assessment and selection services. These encompass identifying candidate selection suitability for firearms issuance and psychological fitness-for-duty assessment, as well as pre-placement mental health assessments for organizations requiring safety-sensitive positions.
“This acquisition is aligned with two key pillars of our Four Pillar Growth Strategy: customer diversification and service line evolution,” stated Kevin Ford, President and CEO, Calian. “Calian Health is one of Canada’s largest health services organizations and it continues to grow. I am very pleased to see us expand further into the provision of mental health services, leveraging the superior health support services we have provided to the Canadian Armed Forces for more than 13 years.”
The addition of Priority One expands Calian Health’s mental health capabilities while adding new clients at various levels of government, including the Government of Alberta, Parks Canada and Canada Border Services Agency.
"With annual revenues of approximately $2 million, we expect this acquisition to be EBITDA accretive from day one," stated Jacqueline Gauthier, Chief Financial Officer, Calian. “Priority One’s results will be consolidated and reported as part of Calian’s Business and Technology Services (BTS) Division.”
Added William Barker, President, Priority One: “It is with great excitement that we join Calian as we look forward to sharing and applying our expertise. This enables us, under the Calian banner, to continue to provide expert assessment services to our existing customers while opening the opportunity to expand our business to other law enforcement agencies across Canada.”