M&A Deal Summary

CloudMD Acquires MindBeacon

On November 15, 2021, CloudMD acquired information technology company MindBeacon for 116M USD

Acquisition Highlights
  • This is CloudMD’s 2nd transaction in the Information Technology sector.
  • This is CloudMD’s largest (disclosed) transaction.
  • This is CloudMD’s 9th transaction in Canada.
  • This is CloudMD’s 5th transaction in Ontario.

M&A Deal Summary
Date 2021-11-15
Target MindBeacon
Sector Information Technology
Buyer(s) CloudMD
Deal Type Add-on Acquisition
Deal Value 116M USD
Advisor(s) TD Securities
Credit Suisse Investment Banking (Financial)
Osler (Legal)

Target

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.

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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 10 of 10
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 10 of 10
State (Ontario) 5 of 5
Country (Canada) 9 of 9
Year (2021) 4 of 4
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Juno

Victoria, British Columbia, Canada

Juno is a cloud-based software solutions company focused on streamlining medical practice throughout Canada. Juno was founded in 2012 and is based in Victoria, British Columbia.

Sell -
Mergr

Product

Company

Legal