CAE signs deal to sell health-care business to Madison Industries for $311 million

  • 📰 SooToday
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 85%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

MONTREAL — CAE Inc. has signed a deal sell its health-care business to U.S. company Madison Industries for $311 million.

CAE chief executive Marc Parent says the decision better positions the company to secure the many attractive growth opportunities on the horizon in its much larger, core simulation and training markets.

While CAE is best known for its flight simulators, the health-care business is focused on training for medical professionals including patient simulators. Parent says the business, which it launched in 2009, is growing under a strong leadership team and has reached a point where the opportunity exists to take it to the next level.

He says Madison Industries is well positioned to support the future growth of the business, which will continue to focus on evolving simulation to drive patient safety and quality outcomes. The deal, which is subject to closing conditions, including regulatory approvals, is expected to close before the end of CAE's 2024 fiscal year.The Canadian Press

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

CAE signs deal to sell health-care business to Madison Industries for $311 millionMONTREAL — CAE Inc. has signed a deal sell its health-care business to U.S. company Madison Industries for $311 million. CAE chief executive Marc Parent says...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

CAE signs deal to sell health-care business to Madison Industries for $311-millionCAE chief executive Marc Parent says the decision better positions the company to secure the many attractive growth opportunities on the horizon in its much larger, core simulation and training markets
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Biden names technology hubs to help the industry and create jobsThe Biden administration is designating 31 technology hubs touching 32 states and Puerto Rico to help spur innovation and create jobs in the industries that are concentrated in these areas.
La source: CTVNews - 🏆 1. / 99 Lire la suite »