Madison Industries, a company that company invests and manages companies across sectors including Heating, Ventilation, and Air Conditioning, completed the acquisition of CAE Healthcare, a company that provides solutions for simulation-based medical education, from CAE, a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, healthcare specialists, and defence customers, for $230m. “We are proud of the significant contribution to patient safety that CAE Healthcare has made. The business is growing under a strong leadership team and has reached a point where the opportunity exists to take it to the next level. We believe Madison Industries is well positioned to support the future growth of the Healthcare business, which will continue to focus on evolving simulation to drive patient safety and quality outcomes,” Marc Parent, CAE President and CEO.