Audax Private Equity (Audax) is to sell Lifemark Health Group (Lifemark), a provider of physiotherapy, rehabilitation, and medical assessments in Canada, to Loblaw Companies Limited (Loblaw).
Headquartered in Toronto, ON, Lifemark provides outpatient physiotherapy, massage therapy, occupational therapy, chiropractic, mental health, and other ancillary rehabilitation services.
Since partnering with Audax in December 2015, Lifemark has completed over 50 acquisitions, broadened its service offering, and significantly expanded its national footprint. In partnership with Audax, Lifemark also invested heavily in the organic growth of its platform, systems, and key talent to support and sustain continued success.
The sale of Lifemark is subject to regulatory approvals and other customary closing conditions. The transaction is expected to close in the second quarter of 2022.
