Medical Pharmacies Group Ltd (MPGL) has completed its previously announced purchase of Desjardins Healthcare Group, an Ottawa-based provider of specialty pharmacy services, medical supplies and equipment. The acquisition price was not disclosed. The Pickering, Ont.-based MPGL, which specializes in pharmacy services to long-term care facilities and retirement homes, has been a portfolio investment of Canadian private equity firm Callisto Capital since 2011. In 2012, MPGL bought three B.C.-based pharmacies, Marks Pharmacy, Okanagan Resident Plus Pharmacy and Resident Plus Pharmacy in Surrey.
Medical Pharmacies Group Completes Acquisition of Desjardins Healthcare Group
Combined company offers the most comprehensive suite of pharmacy services and medical products available in Canada
PICKERING, ONTARIO–(Marketwired – Nov. 1, 2013) – Medical Pharmacies Group Limited (MPGL), Canada’s largest provider of pharmacy services to long-term care facilities and retirement homes, has completed the acquisition of Desjardins Healthcare Group (DHG), an Ottawa-based provider of specialty pharmacy services, medical supplies and equipment.
The combination adds DHG’s broad range of healthcare products and services to MPGL, while also expanding MPGL’s pharmacy business in Eastern Ontario. Work is well underway to integrate the two companies’ operations.
“We look forward to delivering the full benefits of this acquisition to customers and employees of the combined company,” says Ed Jamieson, President and CEO, Medical Pharmacies Group. “With a complementary suite of healthcare products and pharmacy services, we are now well-positioned to accelerate our growth across Canada.”
DHG brings to MPGL significant experience and presence in Home Infusion Therapy, Total Parenteral Nutrition, and Medical Products and Equipment services including Home Oxygen, Wound Care and Pressure Management, Mobility, Incontinence, and Home Healthcare products. Desjardins’ medical supply and equipment business will continue to operate under the Ontario Medical Supplies Inc.
The combined companies’ products and services reach more than 45,000 seniors in long term care and retirement homes and thousands more receiving care through the Ontario Community Care Access Centres’ Home Care Program.
With the acquisition of DHG, MPGL now has more than 1,000 employees, with operations in Ontario and British Columbia.
About Medical Pharmacies Group Limited
Medical Pharmacies (MPGL) is Canada’s leading pharmacy specializing in providing pharmacy services to long term care, retirement home and extended care facilities. Through its subsidiary Ontario Medical Supplies (www.oms.ca), MPGL also offers a comprehensive and complementary suite of medical products. The company delivers a personalized pharmacy experience to over 45,000 residents, from multiple locations in Ontario and B.C. MPGL is a respected innovator of medication management systems that enhance medication accuracy, safety and cost efficiency. The company has been recognized annually since 2000 as one of Canada’s Best Managed Companies, and is a Platinum Member. For more information on MPGL, please go to www.medicalpharmacies.com.
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