M&A Deal Summary

WELL Health Technologies Acquires Indivica

On May 20, 2020, WELL Health Technologies acquired software company Indivica

Acquisition Highlights
  • This is WELL Health Technologies’ 3rd transaction in the Software sector.
  • This is WELL Health Technologies’ 4th transaction in Canada.
  • This is WELL Health Technologies’ 3rd transaction in Ontario.

M&A Deal Summary

Date 2020-05-20
Target Indivica
Sector Software
Buyer(s) WELL Health Technologies
Deal Type Add-on Acquisition

Target

Indivica

Toronto, Ontario, Canada
Founded in 2008, Indivica is a provider of fully hosted EMR software and services and is based out of Toronto, Ontario. The company has been developing the extensive intellectual property as it relates to innovative technological solutions related to appointment notification, patient communication, patient data federation amongst disparate clinics, automated submission and retrieval of Ontario Health Insurance Plan (OHIP) billings and reports, and real-time health card and fee service code reports.

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Buyer(S) 1

Buyer

WELL Health Technologies

Vancouver, British Columbia, Canada

Category Company
Founded 2010
Sector Healthcare Services
Revenue 776M CAD (2023)
DESCRIPTION

WELL Health Technologies is an owns and operator of primary health care facilities. WELL Health Technologies was incorporated in 2010 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 5 of 17
Sector (Software) 3 of 4
Type (Add-on Acquisition) 5 of 15
State (Ontario) 3 of 9
Country (Canada) 4 of 15
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 MedBASE Software

Pickering, Ontario, Canada

MedBASE Software, Inc. is a provider of software solutions that empower Ontario physicians including OSCAR EMR Services. OSCAR is an open-source EMR system developed by McMaster University’s Department of Family Medicine to inspire collaboration between the wide spectrum of health professionals with the goal to drive downstream benefits to patient care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 CRH Medical

Vancouver, British Columbia, Canada

CRH provides GIs throughout the U.S. with products and services for the treatment of gastrointestinal diseases including anesthesia services for patients undergoing endoscopic procedures at 69 ASCs and GI clinics across 13 states, representing approximately 440,000 annual cases (on a run-rate basis). CRH has relationships with 3,200 GIs in the U.S. and Canada and initially entered the GI anesthesia provider space in 2014. Medical was founded in 2000 and is based in Vancouver, Canada.

Buy $293M