OMERS Private Equity to sell MatrixCare to ResMed for $750 mln
OMERS Private Equity (OPE) has agreed to sell MatrixCare Holdings Inc, a Minneapolis, Minnesota-based provider of long-term post-acute care software, to ResMed Operations Inc. The deal, expected to close in Q4 2018, reflects a purchase price of US$750 million. OPE bought MatrixCare in 2010 as part of its acquisition of Logibec Inc, a Montréal-based healthcare information technology company. Logibec's Canadian operations were sold in 2015 to GI Partners. During its period of ownership, OPE backed MatrixCare's growth through acquisitions and new products. MatrixCare's technology is used in more than 13,000 facility-based care settings and 2,500 home care, home health and hospice organizations.
5 November 2018•3 mins read
