M&A Deal Summary

CareRx Acquires Lifemark

On May 7, 2011, CareRx acquired healthcare services company Lifemark for 215M USD

Acquisition Highlights
  • This is CareRx’s 1st transaction in the Healthcare Services sector.
  • This is CareRx’s largest (disclosed) transaction.
  • This is CareRx’s 1st transaction in Canada.
  • This is CareRx’s 1st transaction in Ontario.
Investment Fate
  • Lifemark was divested to a consortium of buyers in 2016 for 250M CAD.
  • Lifemark was sold to a publicly-traded strategic buyer in 2022 for 845M CAD.

M&A Deal Summary
Date 2011-05-07
Target Lifemark
Sector Healthcare Services
Buyer(s) CareRx
Deal Type Add-on Acquisition
Deal Value 215M USD

Target

Lifemark

Toronto, Ontario, Canada
website
Lifemark is a provider of physiotherapy and rehabilitation treatment to patients in over 100 clinics as well as long-term care centers, retirement homes, and communities across Canada. Lifemark was founded in 1998 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

CareRx

Toronto, Ontario, Canada

website

Category Company
Founded 2001
Sector Life Science
Employees778
Revenue 382M CAD (2022)
DESCRIPTION

CareRx is a provider of pharmacy and other healthcare services to Canadian seniors. Centric Health is one of Canada’s major and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric Health operates a large national network of pharmacy fulfillment centers that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services, serving more than 31,000 residents in over 460 seniors communities (long-term care, retirement homes, and assisted living facilities) nationally. CareRx was founded in 2001 and is based in Toronto, Canada.

DEAL STATS #
Overall 1 of 5
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Ontario) 1 of 3
Country (Canada) 1 of 5
Year (2011) 1 of 1
Size (of disclosed) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-12 Motion

Toronto, Ontario, Canada

Motion is a provider of mobility, respiratory and home accessibility products in Canada. Products include wheelchairs, walkers, scooters, stairlifts, ramps, ceiling lifts, homecare beds, and more. Through a network of outlets deliver comprehensive health care solutions to enhance customers’ quality of life increase their mobility and provide them a safe and accessible home environment. Motion was founded in 2001 and is based in Toronto, Ontario.

Sell $50M
Mergr

Product

Company

Legal