M&A Deal Summary

Healwell AI Acquires VeroSource Solutions

On June 11, 2024, Healwell AI acquired information technology company VeroSource Solutions for 25M USD

Acquisition Highlights
  • This is Healwell AI’s 1st transaction in the Information Technology sector.
  • This is Healwell AI’s largest (disclosed) transaction.
  • This is Healwell AI’s 4th transaction in Canada.
  • This is Healwell AI’s 1st transaction in New Brunswick.

M&A Deal Summary

Date 2024-06-11
Target VeroSource Solutions
Sector Information Technology
Buyer(s) Healwell AI
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

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.

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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 4 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New Brunswick) 1 of 1
Country (Canada) 4 of 4
Year (2024) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 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.

Buy $24M