M&A Deal Summary

WELL Health Technologies Acquires CRH Medical

On February 8, 2021, WELL Health Technologies acquired healthcare services company CRH Medical for 293M USD

Acquisition Highlights
  • This is WELL Health Technologies’ 1st transaction in the Healthcare Services sector.
  • This is WELL Health Technologies’ largest (disclosed) transaction.
  • This is WELL Health Technologies’ 5th transaction in Canada.
  • This is WELL Health Technologies’ 2nd transaction in British Columbia.

M&A Deal Summary

Date 2021-02-08
Target CRH Medical
Sector Healthcare Services
Buyer(s) WELL Health Technologies
Deal Type Add-on Acquisition
Deal Value 293M USD

Target

CRH Medical

Vancouver, British Columbia, Canada
website
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.

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Buyer(S) 1

Buyer

WELL Health Technologies

Vancouver, British Columbia, Canada

website


Category Company
Founded 2010
SectorHealthcare Services
Revenue 50M CAD (2020)
DESCRIPTION

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


DEAL STATS #
Overall 6 of 14
Sector (Healthcare Services) 1 of 5
Type (Add-on Acquisition) 6 of 13
State (British Columbia) 2 of 3
Country (Canada) 5 of 12
Year (2021) 1 of 7
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-20 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Intrahealth

North Vancouver, British Columbia, Canada

Founded in New Zealand, and now headquartered in Vancouver, BC, Intrahealth is engaged in the business of providing a suite of flexible software solutions to a wide variety of customers including health authorities, hospitals, public health outpatient centers, community health, home care, ambulatory care, and diverse health care professionals. Intrahealth provides highly configurable software solutions that also support mobile platforms and seamless access to virtual care/telehealth solutions. Intrahealth’s solutions for hospitals include patient administration system, bed management, waiting list management, enterprise-wide scheduling, case management, medication management, emergency room operations, and ward management, among many other features. Intrahealth supports approximately 15,000 healthcare professionals across its global network of Canada, Australia and New Zealand providing care for millions of patients in its combined databases.

Buy $19M