MISSISSAUGA, ONT. — EllisDon Corporation and Carillion Canada Holdings Incorporated have finalized an agreement in which EllisDon will acquire a bundle of health care service assets related to Carillion’s Canadian operations.
Under the transaction, which was first announced in February, EllisDon has acquired 70 per cent of the issued and outstanding shares of four large hospitals in Ontario, of which EllisDon had already owned the remaining 30 per cent, giving them 100 per cent share ownership, said an April 23 media statement.
The new assets consist of Carillion Services (ROH) Inc., Carillion EllisDon Services (NOH) Inc., Carillion Services (WOHC) Inc., and Carillion EllisDon Services (Sault) Inc., which operate as the sole service provider on behalf of the Royal Ottawa Hospital, Oakville Trafalgar Memorial Hospital, the William Osler Health System and the Sault Area Hospital.
On Jan. 15 Carillion Canada’s parent company Carillion PLC based in the U.K. announced it was going into liquidation.
In February, Fairfax Financial Holdings Limited unveiled a plan through which it would acquire other holdings of Carillion Canada.
EllisDon, through an affiliate, has also acquired 50 per cent of the issued and outstanding shares of the Healthcare Infrastructure Company of Canada (ROH) Inc. of which EllisDon’s affiliate owns the remaining 50 per cent.
The transaction was approved by the Ontario Superior Court of Justice in Carillion Canada’s proceedings under the Companies’ Creditors Arrangement Act (Canada), and has received other necessary applicable approvals and consents.
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