M&A Deal Summary

LifeSpeak Acquires ALAViDA

On October 14, 2021, LifeSpeak acquired internet software and services company ALAViDA

Acquisition Highlights
  • This is LifeSpeak’s 1st transaction in the Internet Software and Services sector.
  • This is LifeSpeak’s 1st transaction in Canada.
  • This is LifeSpeak’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2021-10-14
Target ALAViDA
Sector Internet Software and Services
Buyer(s) LifeSpeak
Deal Type Add-on Acquisition

Target

ALAViDA

Vancouver, British Columbia, Canada
ALAViDA is the first virtual care provider focused on the science of substance use management. It is a one-stop-shop approach for any level of Substance Use Disorder alcohol and drugs mild, moderate, and severe. ALAViDA was founded in 2016 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

LifeSpeak

Toronto, Ontario, Canada

Category Company
Founded 2004
Sector Internet Software and Services
Employees38
Revenue 52M CAD (2023)
DESCRIPTION

LifeSpeak is a software-as-a-service provider of a platform for mental health and total wellbeing education for organizations committed to taking care of their employees and customers. LifeSpeak was founded in 2004 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 3
Sector: Internet Software and Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Torchlight

Burlington, Massachusetts, United States

Torchlight digital-first caregiver support platform for employers, health plans, and other member organizations. Torchlight empowers organizations with the tools and one-to-one expertise to help more than 53 million caregivers across the U.S. Unlike traditional call centers and coaching models, Torchlight eliminates the ‘middleman’ by providing caregivers with direct access to top specialists and expertise in a scalable, cost-effective way. Torchlight is based in Burlington, Massachusetts.

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