Kensington to buy Centric Health's surgical and medical centres unit
Centric Health Corp (TSX: CHH) has agreed to sell its surgical and medical centres business to Kensington Private Equity Fund (KPEF) and Kensington Capital Advisors, KPEF's manager. The deal, which reflects a cash purchase price of $35 million, is expected to close by September 30th. Centric Health, a Toronto-based provider of pharmacy and other healthcare services to Canadian seniors, said it will use the proceeds to repay a portion of outstanding credit facilities and for working capital purposes. KPEF and Kensington Capital Advisors are affiliates of Canadian alternative investment firm Kensington Capital Partners.
12 August 2019•3 mins read
