Add-on Acquisition • Internet Software and Services

Wellin5 Acquires therachat

On February 10, 2020, Wellin5 acquired internet software and services company therachat

Acquisition Context

This is Wellin5’s 1st transaction in the Internet Software and Services sector.
This is Wellin5’s 1st transaction in the United States.
This is Wellin5’s 1st transaction in California.

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M&A Deal Summary
Date	February 10, 2020
Target	therachat
Sector	Internet Software and Services
Buyer(s)	Wellin5
Deal Type	Add-on Acquisition

Target Company

therachat

San Francisco, California, United States

Addapp Corp. is a US-based mental health startup. Therachat is a product designed to help therapists, psychologists, and mental health counselors in the US to keep their patients engaged in between therapy sessions. It provides therapists with over 40 premade and customizable homework activities. Moreover, Therachat allows individuals who don't have a therapist to use its mobile app and take advantage of the vast range of premade homework activities that are available. Addapp is based in San Francisco, California.

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Buyer Overview 1

Buyer

Wellin5

Surrey, British Columbia, Canada

Category	Company
Sector	Internet Software and Services

DESCRIPTION

Wellin5, Inc. is an innovative online telehealth counseling platform that connects clients and therapists via mobile. Wellin5 is based in Surrey, British Columbia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2020	1 of 1

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