M&A Deal Summary

Caressant Care Nursing and Retirement Homes Acquires VitalHub - DOCit

On January 23, 2020, Caressant Care Nursing and Retirement Homes acquired internet software and services company VitalHub - DOCit from VitalHub

Acquisition Highlights
  • This is Caressant Care Nursing and Retirement Homes’ 1st transaction in the Internet Software and Services sector.
  • This is Caressant Care Nursing and Retirement Homes’ 1st transaction in Canada.
  • This is Caressant Care Nursing and Retirement Homes’ 1st transaction in Ontario.

M&A Deal Summary

Date 2020-01-23
Target VitalHub - DOCit
Sector Internet Software and Services
Buyer(s) Caressant Care Nursing and Retirement Homes
Sellers(s) VitalHub
Deal Type Divestiture

Target

VitalHub - DOCit

Toronto, Ontario, Canada
VitalHub's DOCit provides cloud-based forms and task management mobile app for Long Term Care providers.

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Buyer(S) 1

Buyer

Caressant Care Nursing and Retirement Homes

Woodstock, Ontario, Canada

Category Company
Founded 1975
Sector Healthcare Services
DESCRIPTION

Caressant Care Nursing and Retirement Homes Ltd. own and operate 15 Nursing Homes and 10 Retirement Homes (which are all adjoined to a Nursing Home). Caressant Care was established in 1975 and is based in Woodstock, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

VitalHub

Toronto, Ontario, Canada

Category Company
Sector Internet Software and Services
Employees353
Revenue 69M CAD (2024)
DESCRIPTION

VitalHub is a developer of a blockchain, mobile and web-based software solutions for the mental health and long term care sectors. VitalHub is headquarted in Toronto, Canada.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 The Oakgroup

London, United Kingdom

The Oakgroup (UK) Ltd. supplies Clinical Utilisation Review (CUR) Software to the UK, US, Middle East, and Canadian markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Jayex Healthcare - Queue Management Business

Milton, Australia

Jayex Healthcare's Queue Management Business is an on-premise hospital queue management business segment. Jayex Healthcare's Queue Management Business is based in Milton, Australia.

Buy £1M