M&A Deal Summary

Vitable Acquires Liferaft - HRA platform

On May 7, 2025, Vitable acquired internet software and services company Liferaft - HRA platform from LifeRaft

Acquisition Highlights
  • This is Vitable’s 1st transaction in the Internet Software and Services sector.
  • This is Vitable’s 1st transaction in Canada.
  • This is Vitable’s 1st transaction in Nova Scotia.

M&A Deal Summary

Date 2025-05-07
Target Liferaft - HRA platform
Sector Internet Software and Services
Buyer(s) Vitable
Sellers(s) LifeRaft
Deal Type Divestiture

Target

Liferaft - HRA platform

Halifax, Nova Scotia, Canada
Liferaft's HRA platform is a provider to offer both ICHRA-based coverage and end-to-end primary care services under one platform.

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Buyer(S) 1

Buyer

Vitable

Philadelphia, Pennsylvania, United States

Category Company
Founded 2020
Sector Internet Software and Services
DESCRIPTION

Vitable is a provider of cloud based health benefits platform offers employers affordable, ACA-compliant health benefit solutions—including MEC and MVP plans, ICHRA and QSEHRA options, Direct Primary Care, Dental and Vision coverage, and Hospital Indemnity. Vitable was founded in 2020 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Nova Scotia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

LifeRaft

Halifax, Nova Scotia, Canada

Category Company
Sector Information Technology
DESCRIPTION

LifeRaft is a security intelligence company that enables enterprises to comb the web to identify and monitor potential business and physical security threats. LifeRaft’s critical risk identification software, “Navigator”, provides an integrated suite of investigative features for use cases such as crisis management, critical infrastructure monitoring, executive protection, facility security, fraud prevention, location monitoring and threat detection. LifeRaft is based in Halifax, Nova Scotia.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Nova Scotia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1