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.
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It has more than 300 clinics across Canada.
Loblaw, which owns Shoppers Drug Mart, says the deal helps grow its business as a health-care service provider.
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The deal is subject to regulatory approvals and other customary closing conditions.
It is expected to close in the second quarter of this year.
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