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

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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.Market data values update automatically. Checking box will enable automatic data updates.

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