Loblaw / Shoppers Drug Mart Acquires Lifemark Health Group
March 17, 2022
Shoppers Drug Mart, a wholly owned subsidiary of Loblaw Companies Limited, agreed to acquire Lifemark Health Group from Audax Private Equity for C$845 million. Lifemark, a leading Canadian outpatient physiotherapy and rehabilitation provider with over 300 clinics and more than 5,000 employees, will expand Shoppers' healthcare services and create a broader continuum of care across Loblaw's retail and digital health network.
- Buyers
- Shoppers Drug Mart, Loblaw Companies Limited
- Targets
- Lifemark Health Group
- Sellers
- Audax Private Equity
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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