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View Tracy Gray Profile
I want to ask some questions today of Mr. Houlden.
This afternoon, another witness went into detail about how the foreign takeover of nursing homes by Anbang has gone wrong. It owns Retirement Concepts, a company with private long-term care facilities throughout the country, 20 of which are in British Columbia. This takeover was approved by the federal government and by Minister Baines himself, who scrutinized it under the investment review division because it exceeded the dollar threshold. We heard from other witnesses and we know that, as part of the Investment Canada Act, reviews can occur at the discretion of the minister.
Considering this, and based on your experience, is there a lot of subjectivity around this? Are there other parameters that we should be considering when we're looking outside of the dollar value for consideration?
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