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Infrastructure Buildings

  • LifeLabs: In February 2007, Borealis Infrastructure concluded an agreement to acquire 100% of the diagnostics business operated by MDS Inc. in Ontario, Quebec, Alberta and British Columbia. As part of the transition, the name of MDS Diagnostics was changed to LifeLabs to reflect the culture of care and service of the organization. Today, LifeLabs continues to provide laboratory testing services, which help physicians and other healthcare professionals diagnose, treat, monitor and prevent illness in patients. LifeLabs employs more than 3000 professionally trained staff, who deliver more than 50 million laboratory tests annually to over 10 million patients and nearly 20,000 physician customers. LifeLabs has operated in Canada for nearly 50 years. For information, visit www.lifelabs.com
  • Schools: Borealis Infrastructure purchased on behalf of OMERS, one school and built 15 others in 2000 to create a portfolio of 16 elementary and secondary schools in Nova Scotia. The properties are leased to the province until 2020. Borealis Infrastructure assembled the design, construction and operational team and arranged all aspects of the debt and equity financing under a master trust.
  • Long Term Health Facilities: Borealis Infrastructure has a strategic partnership with Ontario's Ministry of Health and Long Term Care, as well as with several private and not-for-profit licensed healthcare providers such as Extendicare, to deliver new long-term care facilities. Already, Borealis Infrastructure has delivered 12 out of 12 long-term care facilities that will ultimately provide more than 1,700 beds. Borealis raised the private placement debt and equity for these facilities.
  • Coliseum, Toronto: OMERS has an equity position in partnership with the City of Toronto in the Coliseum at Toronto's Exhibition Place. The investment facilitated the redevelopment of the Coliseum as a 10,000-seat multi-purpose sports, entertainment and exhibition complex. OMERS shares in the property's net income under a 49-year lease. The Coliseum is home to the Toronto Marlies, the farm team for the Toronto Maple Leafs hockey club. Details can be found at www.explace.on.ca