SeaFort Capital acquires majority stake in The Medicus Group

Company

SeaFort Capital

Law Firm / Organization
Torys LLP
Law Firm / Organization
Stewart McKelvey

Company

The Medicus Group

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

SeaFort Capital, a private equity firm based in Halifax, Nova Scotia, has announced its first investment under the Mable Health platform. In early 2024, SeaFort Capital established Mable Health, focusing on investments in the orthotics, prosthetics, bracing, and mobility aids industries across Canada.

The inaugural investment involved acquiring a majority stake in The Medicus Group ("Médicus"), a Montreal-based provider of orthotics, prosthetics, and mobility aid devices. Founded in 1957, Médicus operates 19 clinics and employs over 250 staff, including 145 orthotists, prosthetists, technicians, and other healthcare professionals.

Following the acquisition, Médicus' General Manager, Michel Lanctôt, has been appointed President of both Mable Health and Médicus.

Financing/Investment
Healthcare
Undisclosed/Confidential
Closed
03 June 2024