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New Deal


Announced

Completed

Well Health Technologies completed the acquisition of the British Columbiabased primary care clinics and Cloud Practice of CloudMD for $6m.

Financials

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Transaction Value£5m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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medical records

Health Care Services

Single Bidder

Canada

Completed

Acquisition

Friendly

Domestic

Majority

Private

Synopsis

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Well Health Technologies, a multichannel digital health technology company, completed the acquisition of the British Columbiabased primary care clinics and Cloud Practice of CloudMD, a healthcare technology and innovative health services company, for $6m. “This transaction is a win for healthcare practitioners and their patients as it will allow software users and clinicians joining our network to have access to WELL’s innovative Apps.Health platform which includes dozens of apps designed by leading 3rd party digital health companies providing advanced physician tools such as an AI-powered virtual assistant to premium digital patient engagement tools that can drive significant operating efficiencies for clinics,” Amir Javidan, WELL COO.

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