M&A Deal Summary

The Clinic Network Canada Acquires Natural Health Services

On September 10, 2019, The Clinic Network Canada acquired healthcare services company Natural Health Services from Sunniva for 9M CAD

Acquisition Highlights
  • This is The Clinic Network Canada’s 1st transaction in the Healthcare Services sector.
  • This is The Clinic Network Canada’s largest (disclosed) transaction.
  • This is The Clinic Network Canada’s 1st transaction in Canada.
  • This is The Clinic Network Canada’s 1st transaction in Alberta.

M&A Deal Summary
Date 2019-09-10
Target Natural Health Services
Sector Healthcare Services
Buyer(s) The Clinic Network Canada
Sellers(s) Sunniva
Deal Type Divestiture
Deal Value 9M CAD

Target

Natural Health Services

Calgary, Alberta, Canada
Natural Health Services Ltd. owns and operates a network of seven clinics in Canada specializing in medical cannabis under the Cannabis Act (Canada). NHS connects patients with safe and effective medical cannabis products through Licensed Producers ("LPs"). NHS has in-house physicians and nurse practitioners specializing in the endocannabinoid system providing expert consultation, education, and recommendations for patients. NHS' proprietary technology infrastructure assists physicians, patients, and LPs to comply with the rules of Health Canada.

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Buyer(S) 1

Buyer

The Clinic Network Canada

Etobicoke, Ontario, Canada
Category Company
Founded 2017
Sector Healthcare Services
DESCRIPTION

The Clinic Network Canada, Inc. operates 12 medical clinics in four provinces across Canada. TCNC offers multidisciplinary integrated therapies for patients suffering from chronic pain caused by diseases such as rheumatoid arthritis, Crohn's, IBS, Fibromyalgia, among others. TCNC's mission is to bring improvements to the patient's daily functionality, productivity, and quality of life.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Sunniva

Vancouver, British Columbia, Canada
Category Company
Founded 2014
Sector Life Science
Revenue 19M CAD (2018)
DESCRIPTION

Sunniva is a vertically integrated cannabis company operating in the world's two largest cannabis markets California and Canada. Sunniva is focused on creating sustainable premium cannabis brands supported by large-scale, purpose-built cGMP designed greenhouse and extraction facilities. Sunniva, Inc. offers a steadfast commitment to safety and quality assurance providing cannabis products free from pesticides, which positions Sunniva in California as a leading provider of safe, high quality, reproducible products at scale. Sunniva was founded in 2014 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal