The Ontario Municipal Employees’ Retirement System is selling LifeLabs Inc. in a deal worth roughly $1.35 billion to U.S.-based Quest Diagnostics. The transaction is expected to close by the end of the year, said a press release. The Canadian laboratory firm will retain its brand, headquarters and management after the deal closes. “OMERS is proud […]
The Caisse de dépôt et placement du Québec is acquiring an 80 per cent stake in a Japanese solar power generation plant alongside its portfolio company Shizen Energy Inc. The solar power plant generates 31 megawatts, or enough energy to power 7,850 homes, according to a press release. The Caisse first invested $186 million in the energy […]
The Ontario Municipal Employees’ Retirement System is considering the sale of LifeLabs Inc., according to a report by The Globe and Mail. A spokesperson for the infrastructure arm of the OMERS said the investment organization has held preliminary negotiation talks with “multiple potential buyers” but is currently not in any late-stage discussions. The report said […]
Innovations in medical technology in the next 10 years could unlock a new dawn of health investments that will make the last decade look slow in comparison, said Daniel Kraft, a Stanford University and Harvard University trained physician-scientist, inventor, entrepreneur and investor, during the keynote session at the Canadian Investment Review’s 2023 Investment Innovation Conference […]
Employees in most sectors are experiencing an exponential increase in the amount of time they spend in front of screens during work hours, so updates to vision benefits are long overdue. “Current vision coverage isn’t sufficient and it would be great to see some changes,” says Dr. Harry Bohnsack, an optometrist based in Fredericton, N.B. […]
Eight in 10 (80 per cent) small- and medium-sized employers in Eastern Canada say they don’t provide employee benefits, according to a new survey for Medavie Blue Cross by Abacus Data. The survey, which polled SMEs and SME workers in Ontario, Quebec and Atlantic Canada, found a third (35 per cent) of SMEs that don’t […]
In an art gallery, people often recognize and appreciate the arrangement of the pieces as much as the works of art themselves. When employers offer voluntary benefits, they’re hoping that employees appreciate the offering. Above and beyond that, if plan members recognize the program as a customized suite of benefits that supports their unique needs, even better. Another conclusion […]