PCP-backed company buys occupational health clinics unit of Morneau Shepell
Horizon Occupational Health Solutions Inc, a company newly formed by Canadian healthcare private equity firm Persistence Capital Partners (PCP) has bought the occupational health clinical services business of Morneau Shepell Inc (TSX: MSI). The financial terms of the deal were not disclosed. The new company, which offers an array of occupational and emergency services through its network of clinics and onsite and remote staff, aims to lead its industry in Canada, said Stuart Elman, a managing partner at PCP. PCP made the investment from its second fund, Persistence Capital Partners II LP, which raised $90 million in an initial close in May 2013.
14 October 2014•3 mins read
