The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Irish Life Wellbeing Limited (ILW) and Centric Health Primary Care Limited, both of Ireland.
The joint venture, Carepath Connect Designated Activity Company, will design and implement treatment plans for primary healthcare.
It aims 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 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 European Commission concluded that the proposed acquisition would raise no competition concerns, because of its limited impact on the market.
