Gamma-Dynacare Medical Laboratories Acquires MedAxio Insurance Medical Services

Brampton, ON - Gamma-Dynacare Medical Laboratories announced recently that it has acquired MedAxio Insurance Medical Services, formerly Medisys Insurance Medical Services, a leader in providing medical information collection services to the Canadian life insurance industry.

MedAxio provides insurance paramedical examinations and telephone interviewing services across Canada with its head office in Toronto, Ontario, and regional offices in Montreal, Quebec and Richmond, British Columbia. MedAxio has more than 100 employees and utilizes over 1,000 mobile health care professionals in urban, rural and remote locations across Canada. This team performs approximately 250,000 examinations each year on behalf of a large number of life insurance companies.

"We are very excited about the acquisition of MedAxio, as it emphasizes our ongoing commitment to being a leading provider of insurance medical services to Canadian life insurers," said Naseem Somani, President and Chief Executive Officer, Gamma-Dynacare Medical Laboratories.  "This acquisition will allow for a greater integration of services for our insurance clients, which will improve specimen and data integrity, accelerate the overall service delivery process and ultimately increase customer satisfaction."

The acquisition is a strategic investment on the part of Gamma-Dynacare, recognizing the growing importance of mobile collection services to the organization's future growth in the insurance sector.

"As part of Gamma-Dynacare, MedAxio is poised to dramatically increase the value it provides to its insurance industry customers," explained Shari Gottschalk, President of MedAxio.  "It also allows us to diversify our services, opening up promising opportunities in new markets."  Ms. Gottschalk will assume the newly created role at Gamma-Dynacare of General Manager of MedAxio.