TORONTO, Aug. 15 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today announced that it has mailed to the shareholders of MediSystem Technologies Inc. (TSX: MDY) its Take-Over Bid Circular in connection with its previously announced offer to acquire all of MediSystem's outstanding common shares for an approximate total purchase price of $89.9 million. Subject to certain conditions, Shoppers is offering $3.80 in cash per MediSystem share or the equivalent of $3.75 in Shoppers common shares plus $0.05 in cash per MediSystem share. MediSystem shareholders have the right to elect to receive all cash, all Shoppers common shares (plus $0.05 per MediSystem common share) or a combination of cash and Shoppers common shares. As described in the MediSystem Directors' Circular accompanying Shoppers' Take-Over Bid Circular, the MediSystem board of directors unanimously recommends that MediSystem shareholders accept the Shoppers offer and deposit their MediSystem shares under the offer. The Shoppers offer will be open for acceptance until 8:00 p.m., Toronto time, on September 20, 2006, unless it is extended or withdrawn by Shoppers. MediSystem shareholders may obtain a copy of the Take-Over Bid Circular, Directors' Circular and other materials (when available) at the SEDAR web site at www.sedar.com or from CIBC Mellon Trust Company, Depositary for the offer, at 1-800-387-0825 (toll free) or (416) 643-5500 in Toronto. Shoppers Drug Mart Corporation is one of the most recognized and trusted names in Canadian retailing. The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in QuDebec). With more than 960 Shoppers Drug Mart and Pharmaprix stores operating in prime locations in each province and two territories, the Company is one of the most convenient retailers in Canada. The Company also owns and operates 53 Shoppers Home Health Care stores, making it the largest Canadian retailer of home health care products and services. %SEDAR: 00016987EF