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    Home > Medical News > Medical World News > Kensington acquires Centric Health's surgical business

    Kensington acquires Centric Health's surgical business

    • Last Update: 2021-03-01
    • Source: Internet
    • Author: User
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    November 26, 2019, Kensington Capital Partners Limited, Canada's leading private equity firm, announced that it had acquired Centric Health Corporation's surgical business for $35 million, according to foreign media.
    Upon completion of the acquisition, Centric Health's surgical operations will be wholly owned by Clearpoint Heath Network Inc., a newly formed entity. Clearpoint is Canada's largest network of independent surgical centers operating in Toronto, Mississagar, Winnipeg, Calgary and Vancouver.
    Founded in 2003, Centric Health is a Canadian healthcare provider. The company is committed to being one of Canada's leading and trusted providers of comprehensive professional pharmacy services and solutions for the elderly. Centric Health operates a large national network of pharmacy distribution centers that offer a wide range of cost-effective solutions for chronically ill drugs and other specialized clinical pharmacy services. Centric Health offers a significant advantage over other healthcare companies in the three areas of pharmacy, orthopaedics and surgery.The surgical business acquired by Kensington is the core business of Centre Health, where patients can book medical surgery, nursing services and related medical specialists based on their region on the Centre Health Surgical Centre's online platform. Medical services on this platform cover otolaryngology, general surgery, ophthalmology, orthopaedics, cosmetic gynecology and other department services.At this stage, Centric Health serves more than 31,000 health care providers in more than 450 elderly communities (care centers, nursing homes) across the country. With services that meet the growing needs of the Canadian healthcare system, Central Health offers an unparalleled NHS delivery platform that offers great potential for the future expansion and growth of healthcare services in the region.Founded in 1996, Kensington is Canada's leading private equity firm. The company provides individual investors with a diversified private equity portfolio, including hard-to-reach private equity funds and direct investments in private companies. Kensington invests primarily in a number of industries, including the United States and Canada.To date, Kensington has invested more than $1.5 billion in private equity, venture capital and alternative assets. Institutional investors such as pension funds and specialist asset managers, as well as high net worth individuals and retail investors, hold Kensington funds in their portfolios. Kensington's active management approach and relationship-based business create high returns for investors."We are committed to providing high-quality patient care and want to build meaningful and valuable partnerships in healthcare," said Kirk Hamilton, senior vice president at Kensington, in response to the acquisition. This platform investment represents a huge opportunity to work with all healthcare stakeholders in Canada. The
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