Morneau Shepell has purchased Blue Balloon Health Services, a privately held group of professionals providing pediatric health-centred care in the Greater Toronto Area.
“The addition of Blue Balloon to our employee support solutions business will significantly expand our children’s support solutions portfolio that provides professional services in the screening, assessment, intervention and support for children and adolescents who experience difficulty with learning and development,” says Stephen Liptrap, executive vice-president of Morneau Shepell and general manager of Shepell.
He adds that the purchase is in step with the company’s strategy for employee support solutions to grow the business through acquisitions that match its existing service offerings and expand its market presence.
Blue Balloon Health Services has an office in Hamilton and two clinics in Toronto and Aurora. It has therapists in disciplines that include psychology, speech-language pathology, physiotherapy, occupational therapy, behaviour therapy, music therapy and education.
The acquisition represents less than 1% of Morneau Shepell’s revenue and is not expected to have a material impact on the company’s financial performance in 2014.