Posted at 13:20hin Press ReleasebyS B
Acquisition will bolster Madison Industries’ commitment to Medical Professionals and First Responders
October 24, 2023 – CHICAGO – Madison Industries, one of the world’s largest privately held companies, announced today an agreement to acquire CAE Healthcare, a technology company that makes the world safer through cutting-edge medical simulation and training solutions.
“More than 2.6 million patients die every year from an adverse event while receiving hospital care.” said Larry Gies, Madison’s Founder and CEO. “CAE Healthcare’s simulation and training solutions have proven to lower that number to improve patient safety. It is a perfect fit for Madison’s mission to make the world safer, healthier and more productive.”
CAE equips people in critical roles with the expertise and solutions to create a safer world. As a technology company, it digitalizes the physical world, deploying software-based simulation training and critical operations support solutions. CAE Healthcare empowers healthcare practitioners to perform at their best every day and when the stakes are the highest.
“We are excited to welcome the hundreds of global team members at CAE Healthcare to the Madison family,” said Kris Howard, Madison Safety and Flow President and CEO. “Madison has many similarities to CAE Healthcare, where we are inspired by our collective mission and driven to build cultures with a fanatical focus on our customers, front line team, and innovation. The acquisition of the CAE Healthcare business will strengthen our portfolio as we leverage and continue to benefit from world-leading R&D talent in Quebec.”
“The global CAE Healthcare team could not be more excited to begin its new journey to take our business to the next level with the support of Madison Industries” said Jeff Evans, President of CAE Healthcare. “This dedicated focus will enable us to align with other portfolios and seize more opportunities related to the healthcare industry, as we continue to progress simulation and quality outcomes with the most complete set of clinical training tools available.”
About Madison Industries
Madison Industries is one of the largest and most successful privately held companies in the world. Madison builds entrepreneurially driven, branded market leaders that are committed to making the world safer, healthier and more productive by creating innovative solutions that deliver outstanding customer value. The team at Madison is committed to building something truly remarkable that long outlasts them while coaching others to reach their highest potential. Please visit us at www.madison.net.
Contact: Matt Huser – Madison Industries +1 404 368 7620 [emailprotected]
About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, airlines, defence and security forces and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with more than 13,000 employees in approximately 250 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight, mission and medical simulators and training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we’ll make sure our customers are ready for the moments that matter.
Read our FY23 Global Annual Activity and Sustainability Report.
CAE Contacts:
General Media:
Samantha Golinski, Vice President, Public Affairs & Global Communications
+1-514-341-2000, ext. 7939, [emailprotected]
Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management
+1-514-734-5760, [emailprotected]
