Walter Capital-backed Ducore buys Cira Health’s Quebec assets

Ducore Expertise, a portfolio company of Walter Capital Partners, has acquired the Quebec operations of Cira Health Solutions, a Toronto-based provider of medical assessment services.

Ducore Expertise, a portfolio company of Walter Capital Partners, has acquired the Quebec operations of Cira Health Solutions, a Toronto-based provider of medical assessment services. The seller was SCM Insurance Services, which is backed by TorQuest Partners and Warburg Pincus. No financial terms were disclosed. Based in Pointe-Claire, Quebec, Ducore is a provider of medical evaluations and medical advisor services.

PRESS RELEASE

Montreal, February 15, 2021 – Ducore Expertise (Ducore) has acquired the Quebec operations of Cira Health Solutions, a Canadian provider of medical assessment services to employers, government agencies, life and health providers and legal professionals. With the acquisition, all Cira’s Quebec employees are joining the Ducore team, and a new place of business in downtown Montreal is added to the main office in Pointe-Claire. The transaction also allows Ducore to enhance its network of medical experts and thus increase the number of independent medical assessments it can offer to its employer clientele.

“We’re very proud of this acquisition, which allows us to continue our growth and advance toward our objective of becoming the gold standard for independent medical evaluations in Eastern Canada. We’ll make every effort to ensure a smooth transition so that the transaction quickly translates into an enhanced client experience,” said Nicolas Pinto, President of Ducore.

Ducore does not expect any impact for its clients or Cira’s, other than a stronger service offering. The acquisition brings together two teams recognized for their expertise and efficiency while maintaining the sources of value added specific to each.
In addition, Ducore will soon roll out a new brand image that will reflect the leadership position it intends to maintain within Quebec’s medical assessment and medical advisor services industry.

“We’re all delighted with the transaction, which aligns perfectly with our values, including staying agile to provide outstanding service and actively ensuring stable human capital within organizations. Since inception, we’ve cultivated an environment based on performance and integrity, which we’ll maintain while pursuing our growth objectives,” said Fadila Remmouche, co-founder of Ducore Expertise.

Ducore Expertise has had the support of new partners since Walter Capital Partners and Nicolas Pinto became shareholders in September 2020. “We’re very proud to be associated with such a dynamic and committed company that has been quick to implement its expansion plan,” said Éric Doyon, Managing Partner of Walter Capital Partners.

About Ducore Expertise
Ducore Expertise is a private Quebec company that offers independent medical evaluations and medical advisor services. Its clientele includes various types of employers, insurance companies and government agencies. The Group leverages expertise, agility and best practices with the utmost impartiality and integrity to deliver an exceptional client experience. Ducore Expertise operates throughout Quebec and covers a wide range of specialties and complementary services, such as pre-employment examinations, medical conferences, preventive assessments and training. The Company stands out for its ability to provide services in the right place at the right time.