M&A Deal Summary

Diagnos Acquires Warnex

On July 8, 2014, Diagnos acquired healthcare services company Warnex from Persistence Capital Partners

Acquisition Highlights
  • This is Diagnos’ 1st transaction in the Healthcare Services sector.
  • This is Diagnos’ 1st transaction in Canada.
  • This is Diagnos’ 1st transaction in Quebec.

M&A Deal Summary
Date 2014-07-08
Target Warnex
Sector Healthcare Services
Buyer(s) Diagnos
Sellers(s) Persistence Capital Partners
Deal Type Merger

Target

Warnex

Laval, Quebec, Canada
Founded in 1996, Warnex (TSX:WNX) is a life sciences research services company devoted to protecting public health by providing laboratory services to the pharmaceutical and healthcare sectors. Warnex operates three business units: analytical services, bioanalytical services, and medical testing services.

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Buyer(S) 1

Buyer

Diagnos

Brossard, Quebec, Canada
Category Company
Founded 1998
Sector Medical Products
Revenue 2M CAD (2018)
DESCRIPTION

Diagnos provides healthcare technical services including screening, software and algorithm development, data analysis, and image processing. Diagnos was formed in 1998 and is based in Brossard, Quebec.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Merger) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Persistence Capital Partners

Montreal, Quebec, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

PCP Management Inc. (Persistence Capital Partners) is a specialist private equity group focused on investing in Canadian healthcare companies. The Firm targets to companies with post revenues, enterprise driven lead by strong management teams. Types of transaction includes MBOs, recapitalization, divestitures/carve outs and special situations. Persistence was formed in 2008 and is based in Montreal.

DEAL STATS #
Overall 2 of 8
Sector (Healthcare Services) 2 of 5
Type (Merger) 1 of 2
State (Quebec) 1 of 4
Country (Canada) 2 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Anima-Plus Group

Montreal, Quebec, Canada

Anima-Plus Veterinary Group, Inc. provides the latest in cutting-edge medicine and treatments, focusing on pain prevention and respect for animal life, integrity, and dignity. Anima-Plus Veterinary Group was founded in 2006 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 LMC Healthcare

Toronto, Ontario, Canada

LMC Healthcare provides a network of diabetes centers, partnering with over 50 endocrinologists and 30 diabetes educators in 11 sites across Canada. LMC provides multi-disciplinary community-based care to Canadian diabetics and endocrinology patients. LMC Healthcare is based in Toronto, Canada.

Buy -
Mergr

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