Today, the sale of MD Financial Management (MD) to Scotiabank became final.
In tandem with the sale of MD, Scotiabank and the Canadian Medical Association (CMA) are entering into a 10-year collaboration in support of physicians and the communities they serve. This will see an affinity investment of $115 million over 10 years in projects and initiatives. The CMA will also exclusively promote MD as the preferred provider of financial products and services to physicians and their families in Canada.
The CMA plans to work closely with members to hear how the affinity commitments and proceeds from the sale can be used to build initiatives that support the medical profession and better health. In early 2019, the CMA will be holding four member forums to connect directly with members and start exploring the possibilities.
Additional information on the sale of MD.