M&A Deal Summary

TELUS Acquires Medisys Health Group

On August 20, 2018, TELUS acquired healthcare services company Medisys Health Group from Persistence Capital Partners

Acquisition Highlights
  • This is TELUS’s 1st transaction in the Healthcare Services sector.
  • This is TELUS’s 14th transaction in Canada.
  • This is TELUS’s 5th transaction in Quebec.

M&A Deal Summary

Date 2018-08-20
Target Medisys Health Group
Sector Healthcare Services
Buyer(s) TELUS
Sellers(s) Persistence Capital Partners
Deal Type Add-on Acquisition

Target

Medisys Health Group

Montreal, Quebec, Canada
Medisys Health Group, Inc. is a provider of executive and occupational healthcare services to individuals and corporations. Medisys Health Group was founded in 1987 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada

Category Company
Founded 1993
Sector Communications
Employees106,400
Revenue 20.0B CAD (2023)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is headquartered in Vancouver, Canada.


DEAL STATS #
Overall 14 of 20
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 14 of 19
State (Quebec) 5 of 5
Country (Canada) 14 of 18
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 AlarmForce Industries

Toronto, Ontario, Canada

AlarmForce Industries, Inc. is a manufacturer and provider of proprietary security systems. The Company services all major centers across Canada and in selected markets in the United States. Since its establishment in 1988, the Company’s primary focus has been to install and monitor affordable, state-of-the-art security in the residential market.

Buy $67M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 ADT Canada

Mississauga, Ontario, Canada

ADT Canada is a Canadian provider of security and automation solutions serving residential and business customers, with approximately 500,000 customers and approximately 1,000 team members across the country.

Buy CA$700M

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 5 of 8
Sector (Healthcare Services) 5 of 5
Type (Add-on Acquisition) 1 of 4
State (Quebec) 3 of 4
Country (Canada) 5 of 8
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 MCA Dental

Ottawa, Ontario, Canada

MCA Dental is an operator of the Canadian Dental Support Organization focused on allowing dentists to provide the services and capital required to continue to grow their dental practices. MCA supports its dental partners in all aspects of their dental practices including human resources and recruiting, marketing, accounting, payroll, continuing education, procurement, and compliance. MCA Dental was founded in 2016 and is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 EnvironeX Group

Quebec City, Quebec, Canada

EnvironeX Group, Inc. is a provider of Testing services to the Environment, AgriFood and Health & Pharmaceuticals sectors in Quebec, Canada. EnvironeX operates three laboratories and one service point. EnvironeX has grown steadily over the last decade, servicing a broad customer base, including industrial clients, municipalities, engineering firms and environmental consultants in sectors such as Agrifood, Agriculture, Health and Pharmaceuticals.

Sell -