M&A Deal Summary

Healwell AI Acquires Intrahealth

On January 25, 2024, Healwell AI acquired software company Intrahealth from WELL Health Technologies for 24M USD

Acquisition Highlights
  • This is Healwell AI’s 2nd transaction in the Software sector.
  • This is Healwell AI’s 2nd largest (disclosed) transaction.
  • This is Healwell AI’s 3rd transaction in Canada.
  • This is Healwell AI’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2024-01-25
Target Intrahealth
Sector Software
Buyer(s) Healwell AI
Sellers(s) WELL Health Technologies
Deal Type Divestiture
Deal Value 24M USD

Target

Intrahealth

Vancouver, British Columbia, Canada
Intrahealth is engaged in the business of providing a suite of flexible software solutions to a wide variety of customers including health authorities, hospitals, public health outpatient centers, community health, home care, ambulatory care, and diverse health care professionals. Intrahealth provides highly configurable software solutions that also support mobile platforms and seamless access to virtual care/telehealth solutions. Intrahealth’s solutions for hospitals include patient administration system, bed management, waiting list management, enterprise-wide scheduling, case management, medication management, emergency room operations, and ward management, among many other features. Intrahealth supports approximately 15,000 healthcare professionals across its global network of Canada, Australia and New Zealand providing care for millions of patients in its combined databases. Intrahealth was founded in 1997, and is headquartered in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Healwell AI

Toronto, Ontario, Canada
Category Company
Founded 2012
Sector Healthcare Services
Employees102
Revenue 43M CAD (2024)
DESCRIPTION

Healwell AI is a health care technology company focused on AI and data science for preventive care. Healwell AI was founded in 2012 and is based in Toronto, Ontario.

DEAL STATS #
Overall 3 of 4
Sector (Software) 2 of 2
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 3 of 4
Year (2024) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Pentavere

Toronto, Ontario, Canada

Pentavere is an AI digital health company that has built a best-in-class AI engine to identify patients that are eligible for approved medications or interventions, to improve outcomes for patients and help drive therapy growth and penetration. Pentavere is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 VeroSource Solutions

Fredericton, New Brunswick, Canada

VeroSource Solutions is a multi-service software and services technology company providing healthcare solutions, including a “Digital Front Door” to provincial healthcare systems, including the Province of New Brunswick and several others. VeroSource Solutions is based in Fredericton, New Brunswick.

Buy $25M

Seller(S) 1

SELLER

WELL Health Technologies

Vancouver, British Columbia, Canada
Category Company
Founded 2010
Sector Healthcare Services
Revenue 776M CAD (2023)
DESCRIPTION

WELL Health Technologies is an owns and operator of primary health care facilities. WELL Health Technologies was incorporated in 2010 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 Seekintoo

Calgary, Alberta, Canada

Seekintoo provides Cyber Security Operations Center services to enterprise clients, equipping them with a managed detection responder service that assures 24/7 vigilant protection against threats. Seekintoo was founded in 2012 and is based in Calgary, Alberta.

Buy -
Mergr

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