M&A Deal Summary

New Frontier Data Acquires Skylight Health Group - Canna Care Docs and Relaxed Clarity

On October 29, 2021, New Frontier Data acquired healthcare services company Skylight Health Group - Canna Care Docs and Relaxed Clarity from Skylight Health Group for 9M USD

Acquisition Highlights
  • This is New Frontier Data’s 1st transaction in the Healthcare Services sector.
  • This is New Frontier Data’s largest (disclosed) transaction.
  • This is New Frontier Data’s 2nd transaction in Canada.
  • This is New Frontier Data’s 1st transaction in Ontario.

M&A Deal Summary

Date 2021-10-29
Target Skylight Health Group - Canna Care Docs and Relaxed Clarity
Sector Healthcare Services
Buyer(s) New Frontier Data
Sellers(s) Skylight Health Group
Deal Type Divestiture
Deal Value 9M USD

Target

Skylight Health Group - Canna Care Docs and Relaxed Clarity

Mississauga, Ontario, Canada
Skylight Health Group's Canna Care Docs and Relaxed Clarity engaged in clinical evaluations and recommendations for patients seeking medical cannabis for state-regulated conditions. Skylight Health Group's Canna Care Docs and Relaxed Clarity is based in Mississauga, Ontario.

Search 193,605 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

New Frontier Data

Washington, District of Columbia, United States

website


Category Company
Sector Information Services
DESCRIPTION

New Frontier Data is a business intelligence and data analytics company that provides objective, rigorous and comprehensive analysis and reporting for the cannabis industry. New Frontier’s data and reports have been cited in over 45 countries around the world to inform industry leaders. New Frontier, the premiere Big Data as a Service provider in the sector, looks beyond the plant cultivation and distribution, to raise the industry bar and improve visibility into what will inevitably soon be a mature and more complex industry.


DEAL STATS #
Overall 3 of 3
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Civilized Worldwide

Saint John, New Brunswick, Canada

Civilized Worldwide, Inc. is a lifestyle media brand that connects millions of cannabis consumers, influencers and the canna-curious with both niche and mainstream content, events, and experiences, and fashion. With operations in both Canada and the United States, Civilized creates original, premium digital content, television and podcasts; builds brands, and creates and produces world-class events and experiences for B2B and B2C audiences. Civilized Worldwide is based in Saint John, New Brunswick.

Buy -

Seller(S) 1

SELLER

Skylight Health Group

Mississauga, Ontario, Canada

website


Category Company
Sector Healthcare Services
DESCRIPTION

Skylight Health Group is a healthcare services and technology company, working to positively impact patient health outcomes. The Company operates a US multi-state health network that comprises of physical multi-disciplinary medical clinics providing a range of services from primary care, sub-specialty, allied health and laboratory/diagnostic testing. The Company owns and operates a proprietary electronic health record system that supports the delivery of care to patients via telemedicine and other remote monitoring system integrations.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Aspire

Harrisburg, Pennsylvania, United States

Aspire is a primary care group that has been operating a multi-disciplinary network of clinics for over 12 years. Aspire is comprised of AspireCARE, AspireFIT, and AspirePRIME. AspireCARE delivers family medicine and urgent care with professionalism and a whole-body approach. AspireFIT provides personal fitness training and preventative care in a different, more complete way. AspirePRIME offers highly personalized primary care focusing on wellness and prevention. Aspire was formed in 2009 and is based in Harrisburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 NeighborMD

Plantation, Florida, United States

NeighborMD operates 9 owned practices offering primary care services to over 5,000 lives. Within these, NMD has over 1,100 MA lives in full-risk contracts with two leading healthcare payors in Florida, Humana, and CarePlus. In addition, NMD provides complete management services for over 1,400 additional MA lives through its affiliated providers and practices. NMD’s existing contracts offer competitive capitation fee schedules and allow for broad geographic coverage, with over 30 Florida counties covered, including all counties in which Company currently operates. NeighborMD was formed in 2020 and is based in Plantation, Florida.

Buy -