M&A Deal Summary

Levitee Labs Acquires BlockMD

On July 28, 2021, Levitee Labs acquired healthcare services company BlockMD

Acquisition Highlights
  • This is Levitee Labs’ 1st transaction in the Healthcare Services sector.
  • This is Levitee Labs’ 1st transaction in Canada.
  • This is Levitee Labs’ 1st transaction in Alberta.

M&A Deal Summary
Date 2021-07-28
Target BlockMD
Sector Healthcare Services
Buyer(s) Levitee Labs
Deal Type Add-on Acquisition

Target

BlockMD

Calgary, Alberta, Canada
BlockMD is a telemedicine platform used by patients with substance use disorders to access doctor services across Alberta. In 2020, BlockMD was distinguished as the first company to receive authorization from the province of Alberta for telemedicine prescriptions.

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Buyer(S) 1

Buyer

Levitee Labs

Vancouver, British Columbia, Canada
Category Company
Founded 2019
Sector Healthcare Services
Revenue 2M USD (2021)
DESCRIPTION

Levitee Labs is an integrative wellness space that leverages an M&A regimen to focuses on the centralization of complementary integrative wellness assets. The company aims to transform mental health and addiction treatments through the integration of psychedelic medicines and therapies. Levitee Labs was formed in 2019 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 ACT Medical

Calgary, Alberta, Canada

ACT Medical is a community-based organization providing in-depth assessment, customized treatment, and counseling to patients suffering from opioid use disorder, chronic pain, and mental health conditions. ACT Medical is based in Calgary, Alberta.

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