Loblaw Companies buying Lifemark Health Group for $845 million in cash

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Loblaw Companies Ltd. says it has signed a deal to buy Lifemark Health Group for $845 million in cash.

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, says the deal helps grow its business as a health-care service provider.It is expected to close in the second quarter of this year.

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 /  🏆 30. in SG
 

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Wow ,this after receiving millions of tax dollars to replace old freezers as an environmental upgrade.

So, can I use my PCpoints to see a physiotherapist or RMT then? 🤔

Government funded freezers, treating/paying employees poorly, already high prices before the recent inflation all legit complaints. But saying that it will lead to privatization of Healthcare when most of Lifemarks services are already covered by OHIP is ridiculous

Of course they can afford that… they are using all the profits they made from selling rapid tests… thank fordnation for this! fireford2022 VoteFordOut2022 FordfailedOntario FordFailedKids FordFailedThePeople LecceFailedKids Lecce onted ontpoli

But we can’t buy chips there because Frito Lay is “too expensive”? 🤦🏻‍♀️

This is alarming.

ONpoli Doug Ford has created a monster. Galen Weston will go from bread price-fixing to creating a U.S.-style disaster for healthcare.

But can I use my optimum points to pay for Medicare and life insurance!

Damn good thing the feds gave them money to buy fridges and they are raising the prices on everything in the stores, they seem to be really struggling.

But they'll blame the war for their increased prices.

Poll: Should LoblawsON be banned from all health related “interests”? ⚠️DataTheft

Monopolies gonna monopoly.

Yet here we are with $10 bags of Doritos because you know… inflation and all that….

Oh my

And apples are $1.50+ per unit.

🤗 Plenty of help needed out there, specialty folks with mental issues some living at the sound of the of the winter winds roaming our Streets,then comes Summer days at times they found on deep sleep at the front of building doors.😥 🙏 That's not living but hanging on to life.

And they will be well placed to start charging thousands of people for LongCovid rehab since our health care system will not be able to handle the burden.

You'll see a lot more of this as Ontario tries to privatize healthcare. This is what's on the ballot in June. Vote wisely.

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