Add-on Acquisition • Healthcare Services

Mednow Acquires Infusicare

On December 13, 2021, Mednow acquired healthcare services company Infusicare for 2M CAD

Acquisition Context
  • This is Mednow’s 3rd transaction in the Healthcare Services sector.
  • This is Mednow’s 0th largest (disclosed) transaction.
  • This is Mednow’s 1st transaction in the United States.
  • This is Mednow’s 1st transaction in New Jersey.
Investment Fate
  • Infusicare was divested to a consortium of strategic buyers in 2024.

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M&A Deal Summary

Date December 13, 2021
Target Infusicare
Sector Healthcare Services
Buyer(s) Mednow
Deal Type Add-on Acquisition
Deal Value 2M CAD

Target Company

Infusicare

Cream Ridge, New Jersey, United States
Infusicare is a provider complete 24/7 vascular access services to all types of healthcare facilities at a lower cost per procedure. Infusicare provides education, data compilation, and quality assurance along with the most highly skilled staff in the country. Infusicare is based in Cream Ridge, New Jersey.
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Buyer Overview 1

Buyer

Mednow

Vancouver, British Columbia, Canada

Category Company
Founded 2018
Sector Internet Software and Services
Revenue 17M CAD (2022)
DESCRIPTION

Mednow is a provider of an online pharmacy, doctor consultation, and delivery of prescribed medicines. Mednow was founded in 2018 and is based in Vancouver, British Columbia.


Deal Context for Buyer #
Overall 4 of 4
Sector: Healthcare Services 3 of 3
Type: Add-on Acquisition 3 of 3
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 2021 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 Medvisit

Willowdale, Ontario, Canada

Medvisit is the largest and longest-standing doctor house call service, having been in operation for over 30 years. Medvisit conducts approximately 30,000 patient home visits per year and has served over 400,000 patients since inception. Patients who are unable to leave their homes rely on over 100 doctors in the Medvisit network to treat acute and episodic illness and injury. Medvisit is based in Willowdale, Ontario.

Buy $1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 Infusicare

Cream Ridge, New Jersey, United States

Infusicare is a provider complete 24/7 vascular access services to all types of healthcare facilities at a lower cost per procedure. Infusicare provides education, data compilation, and quality assurance along with the most highly skilled staff in the country. Infusicare is based in Cream Ridge, New Jersey.

Sell -