Growth Capital • Healthcare Services

Novacap Invests In Canada Diagnostic Centres

On July 6, 2021, private equity firm Novacap invested in healthcare services company Canada Diagnostic Centres

Investment Context
  • This is Novacap’s 3rd transaction in the Healthcare Services sector.
  • This is Novacap’s 39th transaction in Canada.
  • This is Novacap’s 3rd transaction in Alberta.

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Investment Summary

Date July 6, 2021
Target Canada Diagnostic Centres
Sector Healthcare Services
Investor(s) Novacap
Deal Type Growth Capital
Advisor(s) Deloitte (Financial)

Target Company

Canada Diagnostic Centres

Calgary, Alberta, Canada
Canada Diagnostic Centres is a provider of medical imaging services at 17 community-based clinics. Canada Diagnostic Centres was founded in 1993 and is based in Calgary, Alberta.
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Investor Overview 1

Investor

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.


Deal Context for Investor #
Overall 53 of 67
Sector: Healthcare Services 3 of 3
Type: Growth Capital 14 of 18
State: Alberta 3 of 3
Country: Canada 39 of 44
Year: 2021 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Cofomo

Montreal, Quebec, Canada

Cofomo provides IT services to large blue-chip and public sector customers. Cofomo was founded in 1995 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Multy Home

Vaughan, Ontario, Canada

Multy Home is a global manufacturer of outdoor living and functional flooring products for the home and commercial spaces. Multy Home was founded in 1983 and is based in Vaughan, Ontario.

Buy -