Saskatchewan’s health care infrastructure is set to receive a major financial boost following a multi-million dollar agreement to sell Information Services Corporation (ISC).
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The provincial government announced that Plenary Americas LP will acquire 100 per cent of ISC’s Class A limited voting shares at a price of $51.00 per share.
As the corporation’s largest shareholder, the Government of Saskatchewan expects to bring in approximately $277 million from the deal before fees and closing costs.
Crown Investments Corporation (CIC) minister Jeremy Harrison said the province would only back a deal that directly benefited residents.
“In reviewing what ISC has announced, it is clear that this transaction will provide significant benefits to various stakeholders, including shareholders, while positioning the company for growth right from its Regina headquarters,” Harrison said.
Officials confirmed that the entirety of the province’s proceeds will be directed toward health care infrastructure projects, with specific details expected in the coming weeks.
To protect provincial interests, the government passed Bill 57, The Information Services Corporation Amendment Act 2026, earlier this month. The legislation strengthens the province’s “Golden Share,” which will continue to be held by the CIC.
Under the amended act, ISC’s core head office functions, data management and intellectual property — including registry technology and software — must remain within Saskatchewan. The province also retains the right to appoint two directors to the board.
The Master Service Agreement, which governs the province’s land titles, corporate and personal property registries, remains unchanged. Originally signed in 2013 and extended two years ago, the agreement secures consistent service delivery and fee structures until 2053.
Plenary Americas LP is a subsidiary of Plenary, which is owned by La Caisse, Canada’s second-largest public pension fund manager.
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