Calian profits from prisons

Article Excerpt

CALIAN GROUP $19.84 (Toronto symbol CGY; TSINetwork Rating: Speculative) (613- 599-8600; www.calian.com; Shares outstanding: 7.4 million; Market cap: $146.9 million; Dividend yield: 5.7%) continues to add outsourcing contracts focused on health care services. That includes new agreements worth $4 million with a number of correctional institutions at all levels of government—federal, provincial and municipal. The terms and amounts vary between contracts. However, for each correctional facility, Calian provides onsite medical services that save time and resources. They also minimize the strain on local hospitals and community health centres by reducing the number of inmates they treat. Calian Group is still a buy. buy…