OMERS Private Equity (OPE), the private equity investment arm of OMERS, has completed the previously announced sale of Canadian healthcare IT firm Logibec to U.S. private equity firm GI Partners.

Financial terms of the deal were not disclosed.

“This was another very good software investment for OPE, a sector of focus where we continue to seek to acquire high-quality assets,” said Lisa Melchior, managing director at OPE.

Logibec was founded in 1982 and taken private by OPE in 2010.

OPE continues to hold Logibec’s former subsidiary, MatrixCare, an electronic health record provider for long-term care and senior-living providers, following completion of a pre-closing spin-out transaction.

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

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