Drugstore chain Rexall Pharmacy Group and online retailer Well.ca are due to land under Canadian ownership after a Toronto-based private equity firm announced Thursday that it would purchase both brands from McKesson Corp.
Birch Hill Equity Partners did not immediately reveal financial terms of the agreement it struck with McKesson, a Texas-based healthcare services business that said selling off the two companies would allow it to focus on growing its oncology and biopharma divisions instead.
"The new leadership team could help innovate Rexall and make them more relevant compared to Shoppers stores which have a monopoly in the market." McNeish liked that the deal hands assets to a Canadian company because so often homegrown firms are sold to foreign firms, but she worried about the buyer being a private equity firm.
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A family-owned B.C. wilderness resort designed and built by HGTV's Timber Kings – who said it was one of the "coolest and most challenging" projects they have undertaken – has hit the market for $21.5 million.Alan Dougherty, co-owner of Estevan's Orpheum Theatre believes the historic theatre’s future is up in the air following recent flooding.A First Nations community west of Calgary has officially reclaimed its traditional Stoney Nakoda name.
The Ottawa Senators say they are making "some progress" in talks with the National Capital Commission on a deal to build a new NHL arena at LeBreton Flats, with just over two weeks left to finalize an agreement.An Ottawa driver is facing a stunt driving charge for the second time in three years, after being stopped speeding 86 km/h over the speed limit in Barrhaven.
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