European Commission clears creation of joint venture by Irish Life Wellbeing Limited and Centric Health Primary Care Limited

The joint venture, Carepath Connect Designated Activity Company (‘Carepath'), will design and implement treatment plans for primary healthcare, which will aim to improve patients' experience and reduce treatment costs in Ireland. ILW is part of the Irish Life Group, which provides life assurance, health insurance and wellbeing services, pensions and wealth management in Ireland. It belongs to the Power Corporation of Canada (‘PCC') group, an international management and holding company. CH provides primary healthcare services to patients, as well as medical recruitment services to general practitioner practices and hospitals in Ireland. It is part of Rothschild & Co Investment Managers group, a global financial services group.

The Commission concluded that the proposed acquisition would raise no competition concerns, because of its limited impact on the market. The transaction was examined under the simplified merger review procedure. 

More information is available on the Commission's competition website, in the public case register under the case number M.10905.