LifeMark Health is one of Canada's largest private health care providers with over 100 clinics across Canada. Alaris initially partnered with LifeMark in 2005 and has since provided capital an additional 6 times. LifeMark provides rehabilitation and physiotherapy services to private users, worker's compensation and safety boards, private insurance companies and Government Agencies. Since their inception in 1979, LifeMark has posted stable results regardless of the economic conditions or government insurance funding levels.
In June of 2011, Centric Health Corporation ("Centric") acquired LifeMark in a transaction that resulted in Alaris receiving $65 million in cash in exchange for a portion of our interest in LifeMark and all of our interest in MEDIchair. LifeMark is now a division of Centric.
Web Site: www.lifemark.ca
Fact Sheet (PDF 79KB)
MEDIchair
MEDIChair is a wholly owned subsidiary of LifeMark, a wholly owned subsidiary of Centric Health Corporation. As a result, Alaris no longer receives a direct distribution from MEDIchair but a distribution from Centric through our continuing Partnership with their subsidiary LifeMark.
MEDIchair franchises sell home medical equipment such as wheelchairs, scooters, lift chairs, bathroom safety products and home accessibility solutions, as well as personal health care products. MEDIchair and its predecessor companies have been conducting business since 1985 and have offered MEDIchair franchises since 1988. MEDIchair currently has over 71 locations throughout Canada. The initial transaction with MEDIchair was completed in September of 2005 with Alaris providing capital to LifeMark to purchase the MEDIchair master franchise.
Web Site: www.medichair.com