CAE Healthcare, a division of CAE Inc. (CAE,CAE.TO), and Medical Education Technologies, Inc., or METI, announced that CAE Healthcare has acquired METI for $130 million.
According to CAE Healthcare, with the acquisition, it gains important global market access, significantly expands its product and services offering and becomes a leader in simulation-based technology for healthcare. CAE Healthcare bought 100% of the shares of METI.
Marc Parent, CAE's president and chief executive officer, stated, "With this acquisition, our New Core Markets segment, comprised of CAE Healthcare and CAE Mining, achieves greater critical mass. We expect this segment to achieve more than C$120 million of revenue and to be profitable in fiscal 2013. We welcome Michael Bernstein, CEO of METI, who becomes President of CAE Healthcare, we welcome the METI team and look forward to providing our new and existing customers with the most innovative, best-in-class training solutions and continuous service support."
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.