CAE acquires METI

CAE, a global leader in Simulation has acquired METI today for $130 Million.

New to CAE? Check out my review of CAE’s new trauma manikin CAEsar and their Vimedix Ultrasound Simulator.

CAE was founded in 1947 and is headquartered in Canada. With clients in more than 100 countries, CAE has the broadest global reach of any simulation and training equipment and services company on the market.

Here’s some of the press release:


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Montreal, Canada and Sarasota, USA, August 24, 2011 – CAE Healthcare, a division of CAE,  and Medical Education Technologies, Inc. (METI), a worldwide leader in medical simulation  technologies and educational software, today announced that CAE Healthcare has acquired  METI for US$130 million. With this acquisition, CAE Healthcare gains important global market  access, significantly expands its product and services offering and becomes a leader in  simulation-based technology for healthcare. CAE Healthcare acquired 100% of the shares of  METI, whose main operations are located in a state-of-the-art 76,000 square foot facility in  Sarasota, Florida, USA, as well as in Hungary and Germany.

“The acquisition of METI is an important step in the advancement of our healthcare strategy  because it expands CAE Healthcare’s product portfolio and gives it much greater market access,”  said Marc Parent, CAE’s President and Chief Executive Officer. “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. METI is a premier organization with a global customer footprint and  distribution channels, an extensive portfolio of products and services, a solid management team  and a proven track-record of profitability and customer service. 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.”

“The opportunity to become part of CAE, the de facto standard in the world of simulation, is great  for our employees, our customers and for the healthcare community as a whole,” said Michael  Bernstein, CEO of METI. “By joining a world-leading company with CAE’s credibility and a track  record of improving quality, safety and efficiency with simulation-based training, we will be able to  take the healthcare simulation industry to an entirely new level.”

METI (www.meti.com) has over 200 employees and works with a team of 50 clinical educators.  The company’s revenues currently exceed US$60 million. The entire family of METI simulators,  including baby, pediatric and adult, are designed to mimic human medical scenarios including  trauma, heart attack, drug overdose and effects of bioterrorism. Today, approximately 6,000  METI simulators are in use worldwide by medical schools, nursing schools, hospitals, defence  forces and other entities involved in healthcare education and training. The company has a  network of more than 40 distributors in 40 countries.”


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