PCP-Backed Medisys Wraps Up Plexo Buy

Medisys Corporate Health LP, a provider of preventative, diagnostic and consultative healthcare services to corporations, has closed its purchase of Plexo Inc., which operates medical centers throughout Québec. The Montréal-based Medisys has been a portfolio company of Persistence Capital Partners, a healthcare-focused private equity firm, since 2008.


Medisys Acquires Plexo Medical Centers

– Transaction creates Canadian leader in corporate health services –

May 14th, 2013 – Medisys Corporate Health LP (“Medisys”), Canada’s leading provider of corporate health services and a portfolio company of Persistence Capital Partners, announced that it has acquired Plexo, one of Quebec’s largest providers in the sector. Plexo’s operations, which include The Medi Club at the Sanctuaire, Plexo Assomption Clinic and Robert & Lizotte Industrial Medical Center, will now become part of the Medisys family.

“This acquisition will help support our mission: to provide corporations with preventive health services that are customized, efficient and effective. We look forward to welcoming Plexo’s team of 150 employees and over 200 physicians, who will continue to deliver excellent client service as part of Medisys,” stated Jean Bourcier, President of Medisys.

Since it was founded 25 years ago, Plexo has become one of the largest providers of corporate health services in the province of Quebec, with clinics in Montreal, Quebec, Trois-Rivieres and Drummondville.

“In this fragmented industry with few national providers, there is an opportunity to provide outstanding corporate health services to our clients, be they local, regional or national,” said Dr. Sheldon Elman, Founder and Chairman of Medisys. “The acquisition of Plexo is an important step forward in our strategy to consolidate and reinforce our position as the leading national corporate health services provider.”

“This transaction follows the completion of our recent acquisition of the Tailor Medical clinic located at 333 Bay Street in Toronto, which will re-open under the Medisys banner and begin to serve our Toronto-based clients in June 2013, as well as the ongoing enhancement of our facilities in Vancouver. Medisys continues to grow across Canada and now, more than ever, we are able to serve businesses nationally with our team of over 500 employees and over 300 physicians working in 16 clinics across Quebec, Ontario, Alberta and British Columbia,” added Dr. Elman.

About Medisys
Founded in 1987, Medisys Corporate Health LP is the leading Canadian provider of healthcare services to corporations. Through its national network of facilities, including clinics in Montreal, Quebec City, Ottawa, Toronto, Calgary, Edmonton and Vancouver, Medisys delivers preventative, diagnostic and consultative healthcare services to approximately 4,000 corporations, including 65% of the Financial Post 500. Medisys is a portfolio company of Persistence Capital Partners, a Montreal-based private equity fund focused exclusively on high growth opportunities in the healthcare field.

About Persistence Capital Partners
Persistence Capital Partners is a private equity fund exclusively focused on high-growth opportunities in the healthcare field. With deep healthcare industry expertise, PCP aims to create significant long-term capital appreciation for its investors by identifying and developing attractive investment opportunities in the Canadian healthcare market.

Photo courtesy of Shutterstock.

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