Clearspring seeks to sell Medical Pharmacies, could fetch $1 bln: Reuters
Private equity firm Clearspring Capital Partners plans to sell Medical Pharmacies Group Ltd, a Canadian provider of drug services to nursing homes, in a deal that could fetch as much as $1 billion, sources told Reuters. Toronto-based Clearspring has hired investment banks BMO Capital Markets and Harris Williams to facilitate a sale, the sources said. Interest in Medical Pharmacies is expected to come from financial and strategic buyers on both sides of the U.S.-Canada border, and may include include private equity firms looking to expand into the fast-growing long-term care industry.
23 August 2016•2 mins read
