M&A Deal Summary

CloudMD Acquires Aspiria

On April 6, 2021, CloudMD acquired healthcare services company Aspiria

Acquisition Highlights
  • This is CloudMD’s 4th transaction in the Healthcare Services sector.
  • This is CloudMD’s 8th transaction in Canada.
  • This is CloudMD’s 4th transaction in Ontario.

M&A Deal Summary
Date 2021-04-06
Target Aspiria
Sector Healthcare Services
Buyer(s) CloudMD
Deal Type Add-on Acquisition

Target

Aspiria

Markham, Ontario, Canada
Aspiria provides an integrated Employee (“EAP”) and Student Assistance Program (“SAP”), that focuses on a comprehensive suite of mental health and wellness solutions for all employer and educational sectors. Aspiria was formed in 2003 and is based in Markham, Ontario.

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Buyer(S) 1

Buyer

CloudMD

Vancouver, British Columbia, Canada
Category Company
Founded 2013
Sector Healthcare Services
Revenue 91M CAD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 9 of 10
Sector (Healthcare Services) 4 of 4
Type (Add-on Acquisition) 9 of 10
State (Ontario) 4 of 5
Country (Canada) 8 of 9
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 IDYA4

East Brunswick, New Jersey, United States

IDYA4 is a health data integration and data security company working to transform businesses through improved data management, security and integration, as well as protection against today’s ever-changing cyber threats. IDYA4 was founded in 2020 and is based in East Brunswick, New Jersey.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 MindBeacon

Toronto, Ontario, Canada

MindBeacon is a digital mental healthcare platform that provides a continuum of care, focusing on iCBT, which is an effective therapy provided through a computer or a mobile device. iCBT has become a fast-growing intervention channel compared to conventional psychotherapy. MindBeacon’s platform provides a cost-effective, stigma-reducing avenue to deliver mental health therapy that complements CloudMD’s holistic, integrated offering.

Buy $116M
Mergr

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Company

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