The Ontario Municipal Employees Retirement System’s private equity arm is selling MatrixCare Holdings Inc., a health-care technology company, to ResMed Operations Inc. for about $982 million. “We first acquired MatrixCare as part of a larger acquisition in 2010,” said Mark Van Wart, managing director of OMERS Private Equity, in a press release. “Since bringing John Damgaard in as CEO in […]
The Ontario Municipal Employees Retirement System has appointed Enrico Persicone as manager of pension policy. Previously, Persicone worked as a senior manager for BMO Canada’s pension program for it’s own employees, specializing in risk, policy, financial impacts and administration. He was also a senior tax associate in Ernst & Young’s talent and reward group. And he began his career in […]
The Ontario Municipal Employees Retirement System is acquiring California-based medical management company Paradigm Outcomes. The existing majority owner, Summit Partners, will continue to be a shareholder. Paradigm, which provides medical management to the workers’ compensation industry in the United States, is OMERS’ latest health-care investment. The pension fund has also invested in Premise Health, Forefront Dermatology, […]
Just one Canadian pension fund ranked in the top 20 global funds based on their responses to the recommendations of the task force on climate-related financial disclosures, according to new research by the Asset Owners’ Disclosure Project. The Ontario Teachers’ Pension Plan, which was awarded a BBB rating, placed No. 16 out of the top 100 […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 50 per cent stake in the BridgeTex Pipeline Co. for $1.438 billion. With the purchase, OMERS will be the largest shareholder of the company, which owns the BridgeTex pipeline and transports crude oil from Colorado City, Texas to refineries in Houston. “OMERS’ investment in BridgeTex is consistent with […]
Several major Canadian public pensions are investing in Puget Holdings [no LLC], the parent company of Puget Sound Energy Inc., a regulated utility company in Washington state. The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 23.9 per cent stake, while the Alberta Investment Management Corp. is raising its previously held stake by six per cent to […]
The Ontario Teachers’ Pension Plan is providing a $200 million round of financing to Stem Inc. to finance its acquisition of artificial intelligence-driven energy storage projects in Ontario. The pension fund took part in the company’s first round of Series D financing in January 2018. Within the next 12 months, Stem plans to use the funds to expand its […]
Plan makes $1 billion co-investment in a British residential company.
The Ontario Municipal Employees Retirement System’s real estate arm is entering into a $1 billion co-investment in a British residential company. Oxford Properties Group, along with real estate investment firm Delancey and its client fund DV4 Ltd., are investing in Get Living, which is looking to build on its current assets of residential properties in […]
The Ontario Municipal Employees Retirement System is set to become the lead investor in Tennessee-based Premise Health Holding Corp. The company, which provides on-site, community and virtual health-care services for employers, aims to help mitigate the rising costs of health care to organizations. “Over the last four years, we have significantly expanded and evolved our model to […]