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M&A Deal Summary

Green Shield Canada Acquires Tranquility

On August 11, 2021, Green Shield Canada acquired healthcare services company Tranquility

Acquisition Highlights
  • This is Green Shield Canada’s 1st transaction in the Healthcare Services sector.
  • This is Green Shield Canada’s 1st transaction in Canada.
  • This is Green Shield Canada’s 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2021-08-11
Target Tranquility
Sector Healthcare Services
Buyer(s) Green Shield Canada
Deal Type Add-on Acquisition

Target

Tranquility

Halifax, Nova Scotia, Canada
Tranquility is an online platform that uses cognitive behavioral therapy (CBT) to help people with anxiety and depression. The platform uses digital coaching to improve client adherence and create better mental health outcomes. Tranquility is based in Halifax, Nova Scotia.

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Buyer(S) 1

Buyer

Green Shield Canada

Toronto, Ontario, Canada
Category Company
Founded 1957
Sector Insurance
DESCRIPTION

Green Shield Canada is a health and dental benefits provider, and is uniquely structured as a social enterprise with the purpose of making it easier for people to live their healthiest lives. From coast-to-coast, GSC’s service delivery includes drug, dental, extended health care, vision, hospital, and travel benefits for groups and individuals, as well as administration and benefits management services. Supported by outcomes-based sustainability strategies, advanced technology, and exceptional customer service, GSC creates innovative programs for nearly four million plan participants nationwide. Green Shield Canada was formed in 1957 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 (Nova Scotia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Mergr

Product

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