A group headed by Canadian pension fund Ontario Municipal Employees Retirement System and Goldman Sachs Group Inc.’s infrastructure arm agreed Friday to buy a majority stake in Germany’s Amedes Holding GmbH, a provider of medical-diagnostic services including Covid-19 tests.
The deal valuation wasn’t disclosed. The Wall Street Journal reported earlier that the acquisition values the business at close to 1.6 billion euros including debt, equivalent to about $1.9 billion, citing people familiar with the matter.
Omers and Goldman, plus AXA Investment Managers —the asset-management business of global insurer AXA SA—are buying the controlling stake from European buyout firm Antin Infrastructure Partners.
Antin said the deal was expected to close by the end of this year.
Based in Hamburg, Germany, privately held Amedes offers diagnostic services for patients, resident doctors and clinics at laboratories and practices in Germany and Belgium. Its business handles PCR tests that are used to diagnose Covid-19.