CDPQ provides financing to Medavie Inc. to support advancement of strategic objectives

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La Caisse de dépôt et placement du Québec (“CDPQ”) today announced $75 million in financing, which could be increased to $100 million, in the form of a subordinated private debt, to Medavie Inc. (“Medavie”), a Canadian non-profit organization. Medavie operates Medavie Blue Cross, a premier all-in-one insurance carrier that provides health, dental, travel, life and disability benefits, and administers various government-sponsored health programs, along with Medavie Health Services. false false false This transaction, structured directly by CDPQ, will provide Medavie with additional capital as it continues to advance its growth initiative. false false false In addition to its interests in certain Québec insurers, CDPQ carried out major transactions in this sector abroad in the past few years, with investments in Greenstone in Australia, USI and Sedgwick in the United States, and U.K.-based Hyperion Insurance Group. false false false ABOUT MEDAVIE Medavie is a national health solutions partner. Together, with our more than 6,400 employees, we are committed to improving the wellbeing of Canadians. As a not-for-profit organization, Medavie oversees Medavie Blue Cross, a premier all-in-one benefits carrier and public health program administrator, and Medavie Health Services, a national primary health care solutions organization and the largest private provider of EMS management services in Canada. We don’t have shareholders. Instead, we are proud to invest in the Medavie Health Foundation to address some of our country’s most pressing physical and mental health care challenges. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2018, it held CA$309.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.