Ecotex and Fengate to acquire Ontario healthcare laundry facility
Ecotex Healthcare Linen Service Inc and Fengate Capital Management have agreed to buy Booth Centennial Healthcare Linen Services, a Mississauga, Ont.-based provider of healthcare linen, laundry and surgical sterilization services. No financial terms were released. The sellers in the deal are 22 hospitals and healthcare institutions that currently own the not-for-profit Booth. Ecotex and Fengate said they expect to assume ownership of the business in June. Toronto-based Fengate is an infrastructure and real estate investment firm. Last December, it acquired two British solar parks for $110 million.
2 March 2016•3 mins read
