CloudMD - M&A Summary and Business Overview

Healthcare ServicesCompany

CloudMD M&A Summary

CloudMD has acquired 10 companies, including 9 in the last 5 years. It has also divested 1 asset.

CloudMD’s largest acquisition to date was in 2021, when it acquired MindBeacon Holdings for $116M. CloudMD has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include healthcare services (40%) and internet software and services (20%).

CloudMD Business Overview

Where is CloudMD headquartered?

CloudMD is headquartered in Vancouver, British Columbia.

What is CloudMD’s revenue?

CloudMD disclosed revenue of 91M CAD for 2023 and 99M CAD for 2022.

What sector is CloudMD in?

CloudMD is a healthcare services company.

When was CloudMD founded?

CloudMD was founded in 2013.

M&A Summary

M&A Total Activity11
- M&A Buy Activity10
- M&A Sell Activity1
Total Sectors Invested 5
Total Countries Invested 2
M&A Buy/Sell Connections 1
M&A Advisors 2

CloudMD

CloudMD Software & Services, Inc.

2200 HSBC Building 885 West Georgia Street,
Vancouver, British Columbia V6C 3EH
Canada,
(647) 484-1405
www.cloudmd.ca

CloudMD develops innovative approaches that combine human skill-based expertise with emerging technologies for the healthcare industry. CloudMD was founded in 2013 and is based in Vancouver, British Columbia.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (1.4/yr)	#	3	3	4	-	-	-	10
Buy (1.4/yr)	vol	$5M	$6M	$161M				$172M
Sell (0.2/yr)	#	-	-	-	1	-	-	1
								11

Most Recent M&A

Company	Date	Value	Type
Cloud Practice, Inc.	2022-10-11	-	Divestiture
Victoria, British Columbia · www.junoemr.com
MindBeacon Holdings Inc.	2021-11-15	116M USD	Add-on Acquisition
Toronto, Ontario · www.mindbeacon.com
Aspiria Corp.	2021-04-06	-	Add-on Acquisition
Markham, Ontario · www.aspiria.ca
IDYA4	2021-03-23	15M USD	Add-on Acquisition
East Brunswick, New Jersey · www.idya4.com
VisionPros, Inc.	2021-02-16	30M USD	Add-on Acquisition
Surrey, British Columbia · www.visionpros.com
Medical Confidence, Inc.	2020-10-22	6M USD	Add-on Acquisition
Richmond Hill, Ontario · www.medicalconfidence.com
Snapclarity, Inc.	2020-09-24	-	Add-on Acquisition
Ottawa, Ontario · www.snapclarity.com
West Mississauga Medical Ltd.	2020-06-16	-	Add-on Acquisition
Mississauga, Ontario · www.mississaugaclinic.com
Livecare Health Canada, Inc.	2019-12-19	-	Add-on Acquisition
Vancouver, British Columbia · www.livecare.ca
Cloud Practice, Inc.	2019-01-10	-	Add-on Acquisition
Victoria, British Columbia · www.junoemr.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Healthcare Services	4 (40%)	-	-	-
Internet Software and Services	2 (20%)	5M (3%)	1 (100%)	-
Information Technology	2 (20%)	131M (76%)	-	-
Medical Products	1 (10%)	6M (3%)	-	-
Retail	1 (10%)	30M (17%)	-	-
Total	10	$172M	1	-

By Geo

State/Country		Buy	Value	Sell	Value
Canada		9	157M	1	-
	Ontario	5	122M	-	-
	British Columbia	4	35M	1	-
United States		1	15M	-	-
	New Jersey	1	15M	-	-
Domestic		9 (90%)	157M (91%)	1 (100%)	-
Cross-border		1 (10%)	15M (9%)	-	-
Total		10	$172M	1	-

Top M&A Advisors

Financial	Deals
Echelon Partners	1

Legal	Deals
Cassels	1

Deal Values

buy	#	Total
$100M to $1B	1	$116M
< $100M	4	$56M
TOTAL		$172M
Largest	MindBeacon Holdings Inc. $116M (2021-11-15)

M&A Connections

		Deals
Divested to
Strategic(s)	100%	1 (100%)

Company Summary

SECTOR

Healthcare Services

Revenue

91 9%	2023
99 42%	2022
70 367%	2021
15 115%	2020
7 600%	2019
1	2018
(millions of CAD)	Show More Show Less

Established

2013

Public

Toronto (TSX): DOC

Former Name

Premier Health Group, Inc.

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CloudMD - M&A Summary and Business Overview

Healthcare ServicesCompany