Lifemark, owned by Audax Private Equity, provides physiotherapy, massage therapy, occupational therapy, chiropractic, mental health and other rehabilitation services.Loblaw, which owns Shoppers Drug Mart, said the deal helps grow its business as a health-care service provider.
The company said the deal will create a network of thousands of individual health-care professionals, with complementary expertise. "By joining Shoppers, Lifemark will continue to grow as a national health and wellness network, reaching more Canadians who need access to care and advancing our shared vision to enrich the health of Canadians," Stymiest said in statement.It is expected to close in the second quarter of this year.
Lifemark is on Loblaw's digital PC Health booking app and adds to Shoppers' growing role as a healthcare service provider, with a network of health and wellness solutions, he wrote in a report.
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