M&A Deal Summary

Braxia Scientific Acquires KetaMD

On August 3, 2022, Braxia Scientific acquired healthcare services company KetaMD for 6M USD

Acquisition Highlights
  • This is Braxia Scientific’s 1st transaction in the Healthcare Services sector.
  • This is Braxia Scientific’s largest (disclosed) transaction.
  • This is Braxia Scientific’s 1st transaction in the United States.
  • This is Braxia Scientific’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-08-03
Target KetaMD
Sector Healthcare Services
Buyer(s) Braxia Scientific
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

KetaMD

Miami Beach, Florida, United States
KetaMD is a HIPAA-compliant telemedicine platform providing affordable and potentially life-changing at-home medical ketamine treatments. Prescribed by medical professionals and guided by registered nurses via its secure platform. The company's mission is to make this treatment safely accessible to those who need it across the United States. KetaMD is based in Miami Beach, Florida.

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Buyer(S) 1

Buyer

Braxia Scientific

Toronto, Ontario, Canada
Category Company
Founded 2018
Sector Healthcare Services
Revenue 2M CAD (2023)
DESCRIPTION

Braxia Scientific is a medical research company with clinics that provide innovative ketamine treatments for persons with depression and related disorders. Through its medical solutions, Braxia aims to reduce the illness burden of brain-based mental disorders such as major depressive disorder among others. The company is primarily focused on (i) owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and (ii) research activities related to discovering and commercializing novel drugs and delivery methods. It seeks to develop ketamine and derivatives and other psychedelic products from its IP development platform. Braxia Scientific was founded in 2018 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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