Companies

MONTREAL – American private equity giant TA Associates has invested more than $400 million for a 30-percent stake in Montreal’s Intelerad Medical Systems Inc., one of a handful of medical imaging software companies competing in the Picture Archiving and Communication System (PACS) marketplace with international players like Agfa HealthCare, Philips and GE Healthcare. Read More

OTTAWA – Calian Group Ltd., a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, is proud to announce it has won the Microsoft Canada Healthcare Impact Award for 2022 – a second consecutive win in this category. Read More

WINNIPEG – OwniCloud Inc., a Winnipeg information technology company, is suing Shared Health for nearly $3 million, alleging the Manitoba provincial health agency violated its intellectual property rights and organized an unfair competition for services. Read More

VANCOUVER – Binovi Technologies Corp., has hired a new development team to update, integrate and maintain its a best-in-class neuro-visual performance platform designed to test, analyze, track and report on individual cognitive performance. Read More

VANCOUVER – TELUS Corp. announced an agreement to acquire LifeWorks, Inc. for approximately $2.3 billion. LifeWorks is a world leader in providing digital and in-person solutions that support the total wellbeing of individuals – mental, physical, financial and social. Read More

MONTREAL – Christie Innomed, one of Canada’s largest independent healthcare companies, has announced its first foray into the U.S. market with the acquisition of Comp-Ray, a well-establish medical imaging hardware and software solutions company. Comp-Ray offers Multi-Vendor Sales and Service (MVS) solutions and serves the southwestern U.S. from its headquarters in Arizona. Read More

DUBLIN and DENVER – Medtronic plc and DaVita Inc. have announced plans to form a new, independent kidney care-focused medical device company – for the time being called NewCo – to enhance the patient treatment experience and improve overall outcomes. By bringing together Medtronic’s capabilities as a healthcare technology leader and DaVita’s deep expertise as a comprehensive kidney care provider, NewCo will be uniquely positioned to advance the development of differentiated therapies for patients with kidney failure. Read More

GUELPH, Ont. – Linamar Corp. has announced the formation of Linamar MedTech, a new medical manufacturing group which will focus on leveraging its expert capabilities in precision manufacturing to pursue opportunities in the Medical Device and Precision Medical Component markets. Linamar MedTech will further fuel growth and diversification in line with the company’s 2100 strategy. It demonstrates Linamar’s commitment and belief in future opportunities within the medical devices industry. Read More

OTTAWA – Fullscript, a pioneer in the distribution and analysis of nutritional supplements said it had acquired a major competitor, Emerson Ecologics of New Hampshire. “This is a transformative deal for us,” said Fullscript CEO and co-founder Kyle Braatz (pictured). “We both have the same mission, which is to make sure healthcare is a long-term journey, not a series of short-term fixes.” Read More

BRAMPTON, Ont. – Loblaw Companies Limited announced its wholly owned subsidiary, Shoppers Drug Mart has agreed to acquire Lifemark Health Group. Lifemark is a leading provider of outpatient physiotherapy, massage therapy, occupational therapy, chiropractic, mental health, and other ancillary rehab services through its more than 300 clinics across Canada. Read More