M&A Deal Summary

Numinus Wellness Acquires Novamind

On April 12, 2022, Numinus Wellness acquired healthcare services company Novamind for 26M CAD

Acquisition Highlights
  • This is Numinus Wellness’ 2nd transaction in the Healthcare Services sector.
  • This is Numinus Wellness’ largest (disclosed) transaction.
  • This is Numinus Wellness’ 2nd transaction in Canada.
  • This is Numinus Wellness’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2022-04-12
Target Novamind
Sector Healthcare Services
Buyer(s) Numinus Wellness
Deal Type Add-on Acquisition
Deal Value 26M CAD
Advisor(s) McMillan (Legal)

Target

Novamind

Toronto, Ontario, Canada
Novamind is a mental health company enabling safe access to psychedelic medicine through a network of clinics and clinical research sites. The company provides ketamine-assisted psychotherapy and other novel treatments through its network of integrative mental health clinics and operates a full-service contract research organization specializing in clinical trials and evidence-based research for psychedelic medicine. Novamind is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Numinus Wellness

Vancouver, British Columbia, Canada
Category Company
Founded 1964
Sector Healthcare Services
Revenue 23M CAD (2023)
DESCRIPTION

Numinus Wellness helps people to heal and be well through the development and delivery of innovative mental health care and access to safe, evidence-based psychedelic-assisted therapies. Numinus Wellness was founded in 1964 and is based in Vancouver, Canada.

DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Ontario) 2 of 2
Country (Canada) 2 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Neurology Centre of Toronto

Toronto, Ontario, Canada

Neurology Centre of Toronto is a multi-disciplinary, community-based that utilizes a model of care that brings together neurologists, neurology-related specialists, and allied health practitioners to address the complex conditions that affect patients’ health and well-being. Neurology Centre of Toronto is based in Toronto, Ontario.

Buy $500K
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 MedBright AI

Vancouver, British Columbia, Canada

MedBright AI deploys artificial intelligence and machine learning (“AI”) to empower medical professionals to deliver increased access to healthcare, reduce healthcare costs, and improve patient outcomes. MedBright AI is based in Vancouver, British Columbia.

Buy -
Mergr

Product

Company

Legal