Add-on Acquisition • Healthcare Services

NeuPath Acquires London Spine Institute

On January 15, 2024, NeuPath acquired healthcare services company London Spine Institute

Acquisition Context

This is NeuPath’s 2nd transaction in the Healthcare Services sector.
This is NeuPath’s 3rd transaction in Canada.
This is NeuPath’s 2nd transaction in Ontario.

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M&A Deal Summary
Date	January 15, 2024
Target	London Spine Institute
Sector	Healthcare Services
Buyer(s)	NeuPath
Deal Type	Add-on Acquisition

Target Company

London Spine Institute

London, Ontario, Canada

The London Spine Institute has an interdisciplinary group of providers that use evidence-based care to help treat back, neck and other spinal conditions. These physicians have experience in treating and diagnosing spinal conditions, and their affiliate therapists focus on treating the physical and mental aspects of acute and chronic pain using best practice, with an emphasis on functional recovery and return to work. London Spine Institute is based in London, Ontario.

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Buyer Overview 1

Buyer

NeuPath

Mississauga, Ontario, Canada

Category	Company
Sector	Healthcare Services
Employees	148
Revenue	73M CAD (2024)

DESCRIPTION

NeuPath is a provider of chronic pain management services that operates under two leading brands in Ontario: CPM – Centres for Pain Management and InMedic Creative Medicine. NeuPath is based in Mississauga, Ontario.

Deal Context for Buyer	#
Overall	3 of 3
Sector: Healthcare Services	2 of 2
Type: Add-on Acquisition	3 of 3
State: Ontario	2 of 2
Country: Canada	3 of 3
Year: 2024	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-06-09	KumoCare Toronto, Ontario, Canada KumoCare is a virtual care platform that provides technology services to support home visiting and telemedicine doctors, personal support workers, nurses, psychotherapists, occupational therapists, physiotherapists, chiropractors, speech and language pathologists, social workers, pharmacists, and dieticians, who in turn provide medical services to patients with acute, episodic illnesses and injuries who cannot leave their homes. By providing these services, the complements family doctor by ensuring their patients have access to quality primary care in the comfort of their own homes, even during after-hours. KumoCare is based in Toronto, Ontario.	Buy	$2M

DATE

TARGET

DEAL TYPE

VALUE

2021-06-09

KumoCare

Toronto, Ontario, Canada

KumoCare is a virtual care platform that provides technology services to support home visiting and telemedicine doctors, personal support workers, nurses, psychotherapists, occupational therapists, physiotherapists, chiropractors, speech and language pathologists, social workers, pharmacists, and dieticians, who in turn provide medical services to patients with acute, episodic illnesses and injuries who cannot leave their homes. By providing these services, the complements family doctor by ensuring their patients have access to quality primary care in the comfort of their own homes, even during after-hours. KumoCare is based in Toronto, Ontario.

Buy

$2M

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Healthcare Services M&A - Add-on Acquisition M&A Deals - Ontario M&A - Canada M&A - 2024 M&A