OMERS Private Equity has acquired Toronto-based CBI Health Group from private equity firm Callisto Capital LP.

“CBI is one of the largest, most diverse health care management companies in Canada and we look forward to working with a highly effective management team to continue the profitable growth that they have achieved over the last several years,” said Don Morrison, senior managing director and Canadian country head with OMERS Private Equity.

Chris Szybbo, president and CEO of CBI, said the company is looking forward to further growth potential under OMERS ownership.

“Our extraordinary growth over the past five years, in partnership with Callisto, has been driven by our people, our culture and our superior outcomes for patients and customers. OPE will be an ideal partner for CBI’s continued plans for growth. OPE’s financial strength, coupled with its patient, long-term investment approach, will provide a solid platform for our ongoing success and leadership within the health care sector,” he said.

Terms of the acquisition were not disclosed. TD Securities Inc. advised OMERS in the transaction, while CIBC World Markets Inc. and Jefferies acted for Callisto.

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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