CloudMD completed the acquisition of MindBeacon for $116m.

CloudMD, a healthcare technology company, completed the acquisition of MindBeacon, a digital mental healthcare platform, for $116m. “We continue to rapidly execute on our product roadmap through strategic acquisitions to build a leading North American healthcare and wellness offering. MindBeacon’s mental health services and iCBT platform adds another important capability to our robust healthcare ecosystem and further positions us with a leading, clinically-validated mental health solution. Our proprietary, integrated end-to-end healthcare offering focuses on whole-person care that addresses the comorbidities between mental and physical care. By uniting traditionally siloed care, we are able to better leverage data to inform and provide improved patient outcomes. As a doctor, I’m heartened by the fact that we are realizing one of CloudMD’s founding principals of have a full tech-enabled patient-centric ecosystem that is already demonstrating measurable improved outcomes for patients,” Essam Hamza, CloudMD CEO.