Receives Private Equity Mid Market Award for Health Care Acquisitions
March 1, 2012 -- TORONTO – For the second consecutive year OMERS Private Equity (“OPE”), the private equity investment arm of the OMERS Worldwide group of companies, is a winner of the Canadian Dealmakers program.
The Dealmakers Mid Market Private Equity Award was presented to OPE at a Gala in Toronto last night in recognition of its acquisition of two platform companies in the North American outpatient rehabilitation sector: CBI Health Group (CBI) and Accelerated Rehabilitation Centers (ARC).
“Given current demographic and economic trends, we believe there are attractive investment opportunities in the health care sector that fit our mandate of generating strong returns and cash flows for members of the OMERS pension plan,” said Tim Patterson, Managing Director at OPE.
“We identified outpatient rehabilitation as a focus for us within the health care sector due to the industry’s potential for long-term stable growth and its fragmented nature. As a well-capitalized, long-term investor we believe we can create substantial value by partnering with market leaders CBI and Accelerated,” Mr. Patterson added.
The prestigious Canadian Dealmakers awards program was founded by Deloitte, Lexpert, The Globe and Mail and Thomson Reuters, with the Private Equity Mid Market Award co-sponsored by Canada’s Venture Capital & Private Equity Association.
The awards honour Canadian organizations and individuals who have made a significant contribution to the merger and acquisition market, through measures including innovation, growth, establishment of best practices, and value creation.
OMERS Private Equity partnered with management to purchase CBI, one of the largest providers of integrated health care services in Canada, in January 2011. Similarly, OPE partnered with management to acquire Accelerated Rehabilitation Centers, a leading provider of outpatient physical rehabilitation services in the U.S. Midwest, in July 2011.
About OMERS Private Equity
Operating under the OMERS Worldwide brand, OMERS Private Equity manages the private equity activities of OMERS and has over $6.3 billion of investments under management. The group's investment strategy includes the active ownership of businesses in North America and Europe. OMERS Private Equity is headquartered in Toronto, with offices in New York and London. For further information visit: www.omerspe.com
OMERS is one of Canada’s largest pension funds with over $55.1 billion in net assets. It provides first-class pension administration and innovative products and services to almost 420,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate. For more information, please visit www.omers.com, or www.omersworldwide.com
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