Market News
Oct 24 - Canada-based CAE said on Tuesday it would sell its healthcare business to Chicago-based Madison Industries for C$311 million as the tech firm strives to streamline its operations.
CAE, which also provides solutions to civil aviation, and defense and security sectors, said the deal is expected to close before the end of fiscal year 2024. In August, CAE's healthcare unit posted revenue of C$42.40 million for the quarter through June, up from C$39.60 million from a year earlier. The unit contributes about 4% to the company's total revenue, as per LSEG data.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada's CAE to sell healthcare unit for C$311 million in bid to streamline opsThe company said it would use the sale proceeds for technological advancement and the deal will help with cost optimization within its core training and...
Read more »
Canada's CAE to sell healthcare unit for C$311 million in bid to streamline opsThe company said it would use the sale proceeds for technological advancement and the deal will help with cost optimization within its core training and...
Read more »
Canada's CAE to sell healthcare unit for C$311 million in bid to streamline opsExplore stories from Atlantic Canada.
Read more »
CAE signs deal to sell health-care business to Madison Industries for $311 millionMONTREAL — CAE Inc. has signed a deal sell its health-care business to U.S. company Madison Industries for $311 million. CAE chief executive Marc Parent says...
Read more »
CAE signs deal to sell health-care business to Madison Industries for $311-millionCAE chief executive Marc Parent says the decision better positions the company to secure the many attractive growth opportunities on the horizon in its much larger, core simulation and training markets
Read more »
CAE signs deal to sell health-care business to Madison Industries for $311 millionMONTREAL — CAE Inc. has signed a deal sell its health-care business to U.S. company Madison Industries for $311 million.
Read more »