Acquisition accelerates company's growth in the Children's Support Solutions market
TORONTO, Sept. 3, 2013 /CNW/ - Morneau Shepell (TSX: MSI), the largest company in Canada offering human resources consulting and outsourcing services, today announced that it has acquired Collage Pediatric Therapy, a privately-held group of professionals dedicated to providing multidisciplinary health services to children.
"The addition of Collage will grow our Children's Support Solutions portfolio that provides professional services to children, adolescents, parents, schools and day care centres," said Stephen Liptrap, Executive Vice-President, Morneau Shepell and General Manager of Shepell-fgi. "It is also in step with our strategy to expand our business through acquisitions that match our existing service offerings and expand our market presence."
"Today's acquisition will consolidate our position as a leader in Children's Support Solutions in the province of Quebec by adding clinics in Montreal and Pte. Claire to our existing locations in Quebec City, Montreal, Sherbrooke and Terrebonne," said Julien Ponce, Executive Vice-President for Morneau Shepell responsible for the Quebec and Atlantic Canada Regions. "It also compliments our growth strategy into Ontario, giving us a strong foundation to build on in the Greater Toronto Area, with the addition of locations in Thornhill and Mississauga."
"We are delighted to be joining Canada's largest human resources consulting and outsourcing firm," said Michael Szirt, President, Collage Pediatric Therapy. "In less than four years, Collage has established itself as the market leader in Montreal and a strong competitor in the Greater Toronto area, having built a reputation for clinical excellency in multidisciplinary therapy services for children. Joining with Morneau Shepell, the market leader in Quebec, will allow our team and our clients to benefit from its depth and expertise in professional services for children and their families."
Collage Pediatric Therapy is a team of speech-language pathologists, psychologists, occupational therapists, physical therapists and behavioural specialists working together in a practice focused exclusively on children. The company has two clinics in Montreal and two clinics in the Greater Toronto Area.
This acquisition represents less than one percent of Morneau Shepell's revenue and is not expected to have a material impact on the company's financial performance in 2013.
About Morneau Shepell Inc.
Morneau Shepell is the largest company in Canada offering human resources consulting and outsourcing services. The Company is the leading provider of Employee and Family Assistance Programs, as well as the largest administrator of pension and benefits plans. Through health and productivity, administrative, and retirement solutions, Morneau Shepell helps clients reduce costs, increase employee productivity, and improve their competitive position. Established in 1966, Morneau Shepell serves more than 8,000 clients, ranging from small businesses to some of the largest corporations and associations in North America. With approximately 3,000 employees in offices across North America, Morneau Shepell provides services to organizations across Canada, in the United States, and around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit www.morneaushepell.com.
SOURCE: Morneau Shepell Inc.
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