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New Deal


Announced

CloudMD to acquire VisionPros, for $60m.

Financials

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Transaction Value£43m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Health Care Services

Single Bidder

Friendly

Acquisition

Majority

Canada

Eyecare Platform

Domestic

Pending

Private

Synopsis

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CloudMD, a telehealth company, agreed to acquire VisionPros, a vertically integrated digital eyewear platform, for $60m. The acquisition is subject to customary closing conditions, including the execution of a definitive acquisition agreement and receipt of TSX Venture Exchange approval. “VisionPros’ disruptive tele-optometry platform aligns with our vision of providing patient-focused, whole-person care and will allow us to leverage a number of our technologies and integrate our solutions into one seamless patient experience,” Dr. Essam Hamza, CloudMD CEO.

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