M&A Deal Summary

Skylight Health Group Acquires NeighborMD

On May 3, 2022, Skylight Health Group acquired healthcare services company NeighborMD

Acquisition Highlights
  • This is Skylight Health Group’s 4th transaction in the Healthcare Services sector.
  • This is Skylight Health Group’s 4th transaction in the United States.
  • This is Skylight Health Group’s 2nd transaction in Florida.

M&A Deal Summary

Date 2022-05-03
Target NeighborMD
Sector Healthcare Services
Buyer(s) Skylight Health Group
Deal Type Add-on Acquisition

Target

NeighborMD

Plantation, Florida, United States
NeighborMD operates 9 owned practices offering primary care services to over 5,000 lives. Within these, NMD has over 1,100 MA lives in full-risk contracts with two leading healthcare payors in Florida, Humana, and CarePlus. In addition, NMD provides complete management services for over 1,400 additional MA lives through its affiliated providers and practices. NMD’s existing contracts offer competitive capitation fee schedules and allow for broad geographic coverage, with over 30 Florida counties covered, including all counties in which Company currently operates. NeighborMD was formed in 2020 and is based in Plantation, Florida.

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Buyer(S) 1

Buyer

Skylight Health Group

Mississauga, Ontario, Canada

Category Company
Founded 2014
Sector Healthcare Services
Employees259
Revenue 26M CAD (2022)
DESCRIPTION

Skylight Health Group is a healthcare services and technology company, working to positively impact patient health outcomes. The Company operates a US multi-state health network that comprises of physical multi-disciplinary medical clinics providing a range of services from primary care, sub-specialty, allied health and laboratory/diagnostic testing. Skylight Health Group was incorporated in 2014 and is based in Mississauga, Canada.


DEAL STATS #
Overall 4 of 4
Sector: Healthcare Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Florida M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Skylight Health Group - Canna Care Docs and Relaxed Clarity

Mississauga, Ontario, Canada

Skylight Health Group's Canna Care Docs and Relaxed Clarity engaged in clinical evaluations and recommendations for patients seeking medical cannabis for state-regulated conditions. Skylight Health Group's Canna Care Docs and Relaxed Clarity is based in Mississauga, Ontario.

Sell $9M