M&A Deal Summary

Kensington Capital Partners Acquires Clearpoint Health Network

On November 27, 2019, private equity firm Kensington Capital Partners acquired medical products company Clearpoint Health Network from CareRx

Acquisition Highlights
  • This is Kensington Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Kensington Capital Partners’ 2nd transaction in Canada.
  • This is Kensington Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2019-11-27
Target Clearpoint Health Network
Sector Medical Products
Buyer(s) Kensington Capital Partners
Sellers(s) CareRx
Deal Type Divestiture

Target

Clearpoint Health Network

Toronto, Ontario, Canada
Clearpoint Health Network, Inc. is the largest network of surgical centers in Canada with a presence in Toronto, Mississauga, Winnipeg, Calgary, and Vancouver.

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Buyer(S) 1

DESCRIPTION

Kensington Capital Partners is a specialist private equity group and M&A advisor focused on the automotive and industrial sectors. Kensington is based in Kensington, New York.


DEAL STATS #
Overall 4 of 4
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Pure Power Technologies

Columbia, South Carolina, United States

Pure Power Technologies LLC is a provider of high-performance diesel fuel-injection systems and precision machining products and systems for medium- and heavy-duty truck applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-22 Transtar Industries

Cleveland, Ohio, United States

Transtar Industries is a distributor and remanufacturer of automotive aftermarket transmission repair parts and manufacturers of automotive refinishing products. Transtar Industries was founded in 1975 and is based in Cleveland, Ohio.

Sell -

Seller(S) 1

SELLER

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 3 of 3
Sector (Medical Products) 2 of 2
Type (Divestiture) 3 of 3
State (Ontario) 3 of 3
Country (Canada) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 CareRx Enterprises

Victoria, British Columbia, Canada

CareRx Enterprises Ltd. is a provider of pharmacy services to seniors communities in British Columbia. CareRx currently serves approximately 1,500 beds at 26 long-term care and assisted living communities through its three fulfilment centres located in Vancouver, Victoria and Nanaimo. CareRx has strategic relationships and experience with specialized medication packaging and electronic documentation organizations to provide customers with the latest innovations in the marketplace, providing the safest medication management systems in Canada.

Buy $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Medical Pharmacies Group - Long-Term Care Pharmacy Division

Markham, Ontario, Canada

Medical Pharmacies Group's Long-Term Care Pharmacy Division is comprised of 18 fulfillment centers serving approximately 36,000 residents of long-term care, assisted living, and other congregate care settings across Ontario, Alberta, and British Columbia.

Buy $70M