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M&A Deal Summary

VitalHub Acquires Novari

On July 7, 2025, VitalHub acquired software company Novari for 44M CAD

Acquisition Highlights
  • This is VitalHub’s 4th transaction in the Software sector.
  • This is VitalHub’s 2nd largest (disclosed) transaction.
  • This is VitalHub’s 5th transaction in Canada.
  • This is VitalHub’s 4th transaction in Ontario.

M&A Deal Summary
Date 2025-07-07
Target Novari
Sector Software
Buyer(s) VitalHub
Deal Type Add-on Acquisition
Deal Value 44M CAD
Advisor(s) TD Securities (Financial)
Osler (Legal)

Target

Novari

Kingston, Ontario, Canada
Novari is a healthcare software provider that offers a suite of integrated software modules, including referral management, surgical waitlist management, central intake, and care coordination. Leveraging HL7, FHIR, DICOM, and other international standards, its technologies complement and integrate with a wide variety of healthcare systems (e.g., HIS, EMR, PACS, etc.). Novari is headquartered in Canada, with offices in Australia, New Zealand, and the United Kingdom.

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Buyer(S) 1

Buyer

VitalHub

Toronto, Ontario, Canada
Category Company
Sector Internet Software and Services
Employees353
Revenue 69M CAD (2024)
DESCRIPTION

VitalHub is a developer of a blockchain, mobile and web-based software solutions for the mental health and long term care sectors. VitalHub is headquarted in Toronto, Canada.

DEAL STATS #
Overall 13 of 13
Sector: Software M&A 4 of 4
Type: Add-on Acquisition M&A Deals 11 of 11
State: Ontario M&A 4 of 4
Country: Canada M&A 5 of 5
Year: 2025 M&A 2 of 2
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-10 Induction

London, United Kingdom

Induction delivers a suite of software solutions that transform care delivery and the patient journey through the hospital. The company's system-wide applications help healthcare providers and administrators deliver care at any stage, whether remotely or face-to-face, giving the communities they serve greater flexibility, control, and ease of access. Induction is based in London.

Buy £10M
Mergr

Solution for

Product

Company

Legal