M&A Deal Summary

CloudMD Acquires VisionPros

On February 16, 2021, CloudMD acquired retailer VisionPros for 30M USD

Acquisition Highlights
  • This is CloudMD’s 1st transaction in the Retail sector.
  • This is CloudMD’s 2nd largest (disclosed) transaction.
  • This is CloudMD’s 7th transaction in Canada.
  • This is CloudMD’s 4th transaction in British Columbia.

M&A Deal Summary
Date 2021-02-16
Target VisionPros
Sector Retail
Buyer(s) CloudMD
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

VisionPros

Surrey, British Columbia, Canada
VisionPros is an authorized retailer for all major contact lens and eyeglass manufacturers and Lowest Price Contacts will now have access to all the brands that customers request. VisionPros strives to carry the best selection of contact lenses, eyewear, and sunglasses, at a fraction of the prices found at an Optometrist's office or local sunglasses retailer. VisionPros was founded in 2010 and is based in Surrey, British Columbia.

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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 7 of 10
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 7 of 10
State (British Columbia) 4 of 4
Country (Canada) 7 of 9
Year (2021) 1 of 4
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Medical Confidence

Richmond Hill, Ontario, Canada

Medical Confidence is a pioneer health care navigation platform that reduces health care costs by achieving better health outcomes. Its health outcomes are measurable and demonstrate reductions in costs associated with absenteeism and presenteeism. Leveraging its innovative use of technology and an unmatched national network of over 17,000 physician specialists.

Buy $6M
FOLLOWING 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
Mergr

Product

Company

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