Allan Silber
Angel Investor
Allan Silber is the Chairman of Knight’s Bridge and is Chairman and CEO of Counsel Corporation, which he founded in 1979. Throughout its history Counsel Corporation has had a number of successes including: (i) Counsel Trust Company (grew Counsel Trust Company from $3.6 million in assets and $2.5 million of equity when acquired in 1979, to $1.9billion of assets and $114 million of equity when it was sold in June 1990 for approximately $141 million); (ii) FirstLine Trust (pioneered the mortgage-backed securities business in Canada through FirstLine Trust); (iii) PharMerica (transformed Choice Drug Systems from an institutional pharmacy with annual revenues of $40 million in 1994 into PharMerica, Inc., a company with $1.1 billion in revenues in 1998); (iv) American HomePatient (built American HomePatient into one of the largest home health care providers in the U.S. by expanding it from 18 centres and $13 million in annual revenues in 1988 to over 300 centres and revenues of $400 million in 1998); (v) Stadtlander Drug Co. (acquired as a specialty retail pharmacy business, and grew its revenues from $86 million in 1995 to $460 million in 1998, just prior to its sale.
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