OMERS sells hospital and long-term care facility portfolio to Plenary
Date
November 20, 2019
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Canada
Subsectors
Hospital & Healthcare
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OMERS Infrastructure announced that it has signed an agreement to sell a portfolio of Ontario-based hospitals and long-term care facilities to Plenary Group.
The portfolio, comprising of investments into three hospitals and twelve long-term care facilities (LTCs), was constructed by OMERS Infrastructure through separate greenfield development processes between 2000 and 2009.
The financial close of the transaction is expected in Q4 2019 or Q1 2020.
