Exchange Income Corporation (TSX:EIF) acquired Advanced Paramedic Ltd. for CAD 14.9 million on May 10, 2022. The purchase price of CAD 15 million was funded by the issuance of CAD 2 million of EIC common shares to the vendors and cash in the amount of CAD 13 million that was available from the corporation's credit facility. Exchange Income Corporation issued 49,326 Common Shares to certain unitholders of Advanced Paramedic. In a related transaction, Exchange Income Corporation also acquired Northern Mat & Bridge for CAD 325 million. Both acquisitions are accretive to Exchange Income Corporation.

Exchange Income Corporation (TSX:EIF) completed the acquisition of Advanced Paramedic Ltd. on May 10, 2022.