Caisse de dépôt provides $75 mln in growth funding to Medavie
Caisse de dépôt et placement du Québec has provided $75 million in subordinated debt financing to Medavie Inc, a Moncton, New Brunswick-based provider of not-for-profit health solutions in Canada. The Canadian pension system said the financing could be increased to $100 million. Medavie operates Medavie Blue Cross, a benefits carrier and public health program administrator, as well as Medavie Health Services, a provider of ambulance services, medical communications, community health solutions and clincial training. The financing's proceeds will be used by the Medavie to pursue growth initiatives.
23 May 2019•3 mins read
