Like Adracare

announced 12/16/2020 via BNC Analysis

WELL Health Technologies Corp., will acquire Adracare

synopsis: WELL Health Technologies Corp., an omni-channel digital health company in Canada, will acquire Adracare, a clinic and practice management software system in Canada. Adracare offers an all-in-one telehealth and practice management solution that helps behaviour and allied health clinics to save time and cut costs, without sacrificing quality of care.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Adracare
Adracare is a complete clinic and practice management software system in Canada. Adracare offers an all-in-one telehealth and practice management solution that helps behaviour and allied health clinics to save time and cut costs, without sacrificing quality of care.
price ($mm)
$3.63
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2021 via PR Web

Cantata Health Solutions, acquired ProComp Software

synopsis: Cantata Health Solutions, a leading provider of healthcare technology solutions, has acquired ProComp Software, a provider of behavioral healthcare solutions for agencies and private practices. The acquisition will strengthen Cantata's position in the behavioral health and human services community.
buyer parent: GPB Capital Holdings, LLC
buyer: Cantata Health Solutions
Cantata Health Solutions delivers award-winning software for acute, post-acute, and behavioral health facilities that are purpose-built to improve the health of the facilities and their patients. "
target: ProComp Software
ProComp Software has been automating behavioral health agencies and private practices for over 35 years. CATT (Clinical Assessment Tracking and Triage) from ProComp is a robust, full-featured, integrated solution for behavioral health practice management.
price ($mm)
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closed 5/26/2021 via BNC Analysis

Carasent, acquired Metodika

synopsis: Carasent ASA, an investment management company in Norway, has acquired Metodika AB, a Swedish provider of Enterprise Practice Management (EPM) solutions. Metodika provides an all in one EPM solution for private clinics and hospitals. Their software enables practices to automate processes so they can spend more time caring for their patients.
buyer: Carasent (OB:CARA:$12.97)
Carasent is an investment management company in Norway that focuses on businesses that develop entrepreneurial and e-health solutions. Carasent's strategy is to continue to develop and expand digitalization that helps customers to meet challenges in providing efficient health care services. "
target: Metodika
Metodika is a Swedish provider of Enterprise Practice Management (EPM) solutions. Metodika provides an all in one EPM solution for private clinics and hospitals. Their software enables practices to automate processes and streamline workflows so they can spend more time caring for their patients.
price ($mm)[EV]
$14 [$13]
rev ($mm)
$3
EBITDA ($mm)
$0
EV / rev
3.9x
EV / EBITDA
54.0x
closed 8/26/2020 via PR Newswire

Credible Behavioral Health Software merged with Qualifacts Systems Inc.,

synopsis: Credible Behavioral Health, a provider of web-based software for clinic, community, residential, and mobile care providers, has merged with Qualifacts. The combined company will elevate the experience of behavioral health and human service providers while positioning itself for continued innovation and thought leadership in the market.
buyer parent: Warburg Pincus
buyer: Qualifacts Systems Inc.
Qualifacts is one of the most trusted technology providers of Electronic Health Records (EHR) for behavioral health and human services organizations. As a strategic partner, Qualifacts and its EHR platform, CareLogic, helps customers focus on client care by optimizing efficiency and productivity. "
target parent: Martis Capital
target: Credible Behavioral Health Software
Credible is committed to improving the quality of care and lives in behavioral health for clients, families, providers, and management. Credible provides secure, easy-to-use, web-based software for clinic, community, residential, and mobile care providers.
price ($mm)
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closed 11/30/2018 via PR Newswire

EverCommerce, acquired EMHware Inc.

synopsis: EverCommerce, the leading service commerce platform, has acquired EMHware, a Canadian company that provides cloud based Agency Management Software for social, addictions, and mental health services. EMHware is designed to allow agencies to work uninhibited while collecting high quality data and producing extremely informative reports.
buyer: EverCommerce (EVCM:$407.11)
EverCommerce is the leading service commerce platform, connecting best-of-breed technologies and solutions for service sector organizations. The company provides comprehensive best fit solutions that improve how business owners market services, manage business, and retain customers. "
target: EMHware Inc.
Incorporated in 2005, EMHware is a Canadian company that provides cloud based Agency Management Software for social, addictions, and mental health services. EMHware is designed to allow agencies to work uninhibited while collecting high quality data and producing extremely informative reports.
price ($mm)
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closed 2/11/2015 via GlobeNewswire

Nexus AG, acquired quCare Solutions B.V.

synopsis: NEXUS AG completed a transaction to acquire 100% of the outstanding shares of quCare Solutions B.V. quCare Solutions' innovative software supports hospitals and mental healthcare institutions in the field of care registration and billing, patient logistics and support for the primary care process both within the institution and in the chain.
buyer: Nexus AG (XTRA:NXU:$187.47)
NEXUS AG is one of the leading healthcare software companies in Europe. They are specialized in innovative software solutions, which make work substantially easier for users in obtaining information and in medical documentation. "
target: quCare Solutions B.V.
quCare Solutions' innovative software supports hospitals and mental healthcare institutions in the field of care registration and billing, patient logistics and support for the primary care process both within the institution and in the chain.
price ($mm)
$23
rev ($mm)
$17
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 12/31/2013 via Yahoo, Inc.

Biosign Technologies, Inc., acquired ClinicServer

synopsis: Biosign Technologies Inc. is pleased to announce the execution of a Share Purchase Agreement under which it has agreed to acquire 100% of the issued and outstanding shares of Saint John NB based IBL Internet Business Logic, a practice management software developer and creator of ClinicServer and PencilThat software platforms.
buyer: Biosign Technologies, Inc. (TSXV:BIO:$0.38)
Biosign Technologies Inc. is a licensed medical device manufacturer, distributor and exporter of approved and cleared health information technology products. Key products include the Pulsewave(TM) Health Monitor and the Healthanywhere(TM) Patient monitoring / self-care platform. "
target: ClinicServer
ClinicServer offers practitioners a secure, internet-based clinic management software platform to manage all aspects of a clinic including scheduling, billing, and patient care. They currently serve Physiotherapists, Chiropractors, Registered Massage Therapists (RMT), Reflexologists, and more.
price ($mm)
$1.80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/16/2019 via PE Hub

ClearCourse Partnership LLP, acquired e-clinic

synopsis: ClearCourse Partnership LLP, which is backed by Aquiline Capital Partners, has acquired UK-based e-clinic, a patient and clinic management software provider. e-clinic was founded in 2002 and continues to operate from its headquarters in Shipley, West Yorkshire, where it employs 7 people.
buyer parent: Aquiline Capital Partners
buyer: ClearCourse Partnership LLP
ClearCourse is a UK partnership of innovative technology companies providing membership software to groups, organisations and small businesses. Their companies help customers manage their members and clients, administer their business workflow, & automate their payment processes seamlessly. "
target: e-clinic
e-clinic is a leading patient and clinic management software provider. e-clinic was founded in 2002 and its headquarters is in Shipley, West Yorkshire. e-clinic helps its clients streamline operations through workload automation and workflow management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/19/2022 via PR Newswire

Rethink First, acquired Total Therapy

synopsis: Rethink First, one of the pioneers in behavioral health technology, has acquired Total Therapy (previously known as Total ABA), a leading provider of practice management software solutions serving the Applied Behavior Analysis (ABA), speech, occupational, and physical therapy markets.
buyer parent: K1 Investment Management
buyer: Rethink First
Rethink First is a global company that is transforming behavioral health care with its suite of turnkey solutions that combine data analytics and clinical content to improve outcomes and mental health. "
target: Total Therapy
Total Therapy is the only behavioral health software provider hosted on the Salesforce platform and is dedicated to delivering the highest quality practice management, clinical, parent portal, billing services, and offline capabilities to therapists, clinics, and practices nationwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/24/2021 via BNC Analysis

Dedalus S.p.A., acquired Swiftqueue

synopsis: Dedalus, a healthcare IT systems provider in Europe, has acquired Swiftqueue, an online appointment healthcare platform in Ireland. Swiftqueue provides a cloud-based scheduling platform for hospitals and clinics. Their platform enables providers to deliver more efficient healthcare appointments and allows their patients to book appointments online.
buyer parent: Ardian
buyer: Dedalus S.p.A.
Headquartered in Florence, Italy, Dedalus Group is the leading healthcare and diagnostic software provider in Europe and one of the largest in the world. Dedalus engages in the design and global redesign of clinical and healthcare processes at the international level. "
target: Swiftqueue
Swiftqueue is an online appointment healthcare platform in Ireland. Swiftqueue provides a cloud-based scheduling platform for hospitals and clinics. Their platform enables providers to deliver more efficient healthcare appointments and allows their patients to quickly book appointments online.
price ($mm)
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announced 6/15/2016 via Market Wire

Inspira Financial, will acquire RBP Healthcare Technologies

synopsis: Inspira Financial Inc. announced it has executed a definitive purchase agreement to acquire RBP Healthcare Technologies, a company with a technology platform specific to the mental health and addiction services industry that includes electronic health records, care coordination, automated admissions, and revenue cycle management.
buyer: Inspira Financial (TSXV:LND:$0.34)
Inspira Financial Inc., together with its subsidiaries, provides revolving lines of credit and asset-based financial services to healthcare providers and their patients in the United States. "
target: RBP Healthcare Technologies
RBP Healthcare Technologies has a SaaS technology platform specific to the mental health and addiction services industry that includes electronic health records, care coordination, automated admissions, and revenue cycle management.
price ($mm)
$4.23
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/14/2012 via BusinessWire

WebPT.com, acquired RevMedix

synopsis: WebPT, developer of cloud-based physical therapy software that makes physical therapy clinics more efficient, has announced the acquisition of Health Data Solutions, Inc. (RevMedix), a company that specializes in physical therapy and chiropractic billing and revenue cycle management.
buyer: WebPT.com
WebPT, Inc. is the fastest growing Web-based EMR for physical therapists. It is the easiest, most affordable, and most complete solution for private practice physical therapy clinics on the market today. WebPT ensures compliance, security and efficiency. "
target: RevMedix
Health Data Solutions, Inc. (RevMedix) is the premier full-service practice management and billing company for private practice physical and occupational therapists and clinics in the mid-Atlantic and southeastern states.
price ($mm)
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EBITDA ($mm)
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announced 9/14/2018 via GlobeNewswire

VitalHub, will acquire Roxy Software Inc.

synopsis: VitalHub, a company that develops and supports mission-critical healthcare information systems, is to acquire Roxy Software. Roxy's flagship product “Pirouette” is a SaaS-based software solution that allows community health agencies to manage their client activities.
buyer: VitalHub (TSXV:VHI:$11.00)
VitalHub develops and supports mission-critical healthcare information systems in the Mental Health (Child, Youth and Adult), Long Term Care, Community Health Service, Home Health and Hospital sectors. VitalHub technologies include Blockchain, Mobile, and Web-Based Assessment and EHR solutions. "
target: Roxy Software Inc.
Roxy Software's flagship product “Pirouette” is a SaaS-based software solution that allows community health agencies to manage their client activities. Pirouette offers a range of secure and easy-to-use features that handle all client management activities.
price ($mm)
$0.40
rev ($mm)
$0
EBITDA ($mm)
EV / rev
1.9x
EV / EBITDA
closed 9/20/2019 via PR Newswire

Warburg Pincus, acquired Qualifacts Systems Inc.

synopsis: Qualifacts, one of the largest Software-as-a-Service (SaaS) electronic health record providers (EHR) for behavioral health and human service organizations, announced that Warburg Pincus, a leading global private equity firm focused on growth investing, has acquired the company from the previous investor, Great Hill Partners.
buyer: Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The Firm has more than $65 billion in private equity assets under management. The Firm's active portfolio of more than 185 companies is highly diversified by stage, sector and geography. "
target parent: Great Hill Partners LLC
target: Qualifacts Systems Inc.
Qualifacts is one of the most trusted technology providers of Electronic Health Records (EHR) for behavioral health and human services organizations. As a strategic partner, Qualifacts and its EHR platform, CareLogic, helps customers focus on client care by optimizing efficiency and productivity.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/2/2016 via BNC Analysis

Ensure Billing merged with ABPathfinder,

synopsis: Overland Park's ABPathfinder Inc. has acquired Ensure Billing of Phoenix to create Pathfinder Health Innovations Inc. Ensure Billing offers a platform to file insurance claims, help with scheduling, payroll, electronic files, client management and employee management for behavioral health practices.
buyer: ABPathfinder
ABPathfinder is a scalable, cloud-based software solution that helps therapists and educators develop assessments, daily therapy plans and progress tracking for children with behavioral health disorders, specifically autism spectrum disorders. "
target: Ensure Billing
Ensure Billing offers comprehensive practice management software for behavioral health providers, including autism providers, and all medical practices who bill insurance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/13/2015 via BusinessWire

Mediware, acquired AlphaCM

synopsis: Mediware Information Systems, Inc. announced that it has acquired AlphaCM, Inc., a provider of software and related services to the behavioral and mental health industry. AlphaCM’s solutions help both managed care organizations (MCOs) and providers run more efficiently, manage billing and collections and provide higher quality care.
buyer parent: Thoma Bravo, LLC
buyer: Mediware
Since 1980, Mediware has provided software solutions to healthcare providers and has since expanded to serve many state and federal agencies. Mediware’s solutions are perfect for high-growth, complex patient care environments that remain underserved by existing vendors. "
target: AlphaCM
Founded in 2005, the AlphaCM team develops software solutions for the mental health, developmentally disabled and substance abuse sectors to meet state and federal requirements. The AlphaCM products address the behavioral health sector from both sides – provider and payer.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/30/2014 via PE Hub

Great Hill Partners LLC, acquired Qualifacts Systems Inc.

synopsis: Great Hill Partners has acquired a majority stake in Qualifacts Systems. Qualifacts is a cloud-based provider of EHR and billing systems for behavioral health and human services providers. The company’s web-based, certified Complete EHR, CareLogic Enterprise, improves clinical workflow, revenue-cycle management and operational transparency.
buyer: Great Hill Partners LLC
Great Hill Partners is a private equity firm that manages more than $2.7 billion in capital to finance the expansion, recapitalization or acquisition of growth companies in a wide range of sectors within the business and consumer services, media, communications and software industries. "
target: Qualifacts Systems Inc.
Qualifacts provides enterprise electronic medical record, scheduling, billing and reporting systems for providers of behavioral health services across the United States. They use a Software as a Service delivery model to ensure fast implementations, low total cost and a user friendly experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/3/2021 via GlobeNewswire

EverCommerce, will acquire DrChrono.com

synopsis: EverCommerce Inc., a leading service commerce platform, has entered into a definitive agreement to acquire DrChrono Inc., a company that offers an all-in-one, cloud-based practice management, EHR, and billing solution to make healthcare more informed, more interactive, and more personalized.
buyer: EverCommerce (EVCM:$407.11)
EverCommerce is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 500,000 global service-based businesses accelerate growth, streamline operations, and increase retention. "
target: DrChrono.com
DrChrono Inc. is a company developing an essential platform and services for modern medical practices. Based in Sunnyvale, California, DrChrono offers an all-in-one, cloud-based practice management, EHR, and billing solution to make healthcare more informed, more interactive, and more personalized.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2021 via GlobeNewswire

PracticeSuite Inc, acquired Hello Health Inc.

synopsis: PracticeSuite, Inc., a leading full-suite medical office information solution, announced the acquisition of HelloHealth, a healthcare technology and patient services company that offers an EHR and Practice Management system that includes integrated billing and powerful patient engagement features such as a patient portal.
buyer: PracticeSuite Inc
PracticeSuite provides an end-to-end medical office solution that helps physicians operate at the highest level of efficiency and allows patients to interact with the office electronically, including electronic check-in and e-payments. "
target: Hello Health Inc.
Hello Health is a healthcare technology and patient services company that offers an EHR and Practice Management system that includes integrated billing and powerful patient engagement features such as a patient portal.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/30/2021 via Company Press Release

Det Norske Veritas AS, will acquire Imatis AS

synopsis: DNV will acquire digital health pioneer Imatis as part of a new and ambitious expansion plan into the e-health market. Imatis provides digital solutions to hospitals, municipalities and other care-giving institutions, bringing healthcare workers access to real time information anywhere.
buyer: Det Norske Veritas AS
Det Norske Veritas (DNV) is a global provider of services for managing risk. An independent foundation with the objective of safeguarding life, property and the environment, DNV comprises 300 offices in 100 countries, with more than 10,000 employees. "
target: Imatis AS
Imatis provides an ecosystem of applications providing real-time data on patient treatment, logistics and decision-support, allowing healthcare workers to perform efficient patient care. The company’s head office is in Norway’s seventh largest city, Porsgrunn.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/16/2020 via BNC Analysis

WELL Health Technologies Corp., will acquire Adracare

synopsis: WELL Health Technologies Corp., an omni-channel digital health company in Canada, will acquire Adracare, a clinic and practice management software system in Canada. Adracare offers an all-in-one telehealth and practice management solution that helps behaviour and allied health clinics to save time and cut costs, without sacrificing quality of care.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Adracare
Adracare is a complete clinic and practice management software system in Canada. Adracare offers an all-in-one telehealth and practice management solution that helps behaviour and allied health clinics to save time and cut costs, without sacrificing quality of care.
price ($mm)
$3.63
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/2/2021 via PR Newswire

WELL Health Technologies Corp., acquired Ocean (EMR)

synopsis: WELL Health Technologies Corp., a Canadian omni-channel digital health company, has acquired Ocean, Canada’s leading platform for EMR-integrated patient engagement and eReferral solutions. Ocean offers a cloud-based platform that allows healthcare providers to securely share health information for clinical use, administration, and referrals.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Ocean (EMR)
Ocean is Canada’s leading platform for EMR-integrated patient engagement and eReferral solutions. Ocean offers a cloud-based platform that allows healthcare providers to securely share health information for clinical use, administration, referrals and research.
price ($mm)
$14
rev ($mm)
$3
EBITDA ($mm)
EV / rev
6.1x
EV / EBITDA
announced 9/24/2021 via PR Newswire

WELL Health Technologies Corp., will acquire Aware MD

synopsis: WELL Health Technologies Corp., a Canadian omni-channel digital health company, will acquire Aware MD. Based in Ontario, Aware MD is the owner of Cerebrum an enterprise class EMR provider with a focus on Cardiology in addition to other disease specialties including radiology, endocrinology, and rheumatology.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Aware MD
Based in Canada, Aware MD is an enterprise class EMR (Electronic Medical Record) provider with a strong offering of products and services for disease specialties, including cardiology, radiology, endocrinology, and rheumatology.
price ($mm)
$3.53
rev ($mm)
$2
EBITDA ($mm)
EV / rev
4.0x
EV / EBITDA
announced 4/29/2021 via Company Press Release

WELL Health Technologies Corp., will acquire Doctors Services Group Ltd.

synopsis: WELL Health Technologies Corp., a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce it has entered into a definitive share purchase agreement to acquire 51% of the issued and outstanding shares in Doctors Services Group, an uninsured service-billing program.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Doctors Services Group Ltd.
Ontario, Canada based, Doctors Services Group is the industry leader for uninsured service billing programs and also offers physicians a suite of additional tools and services that will transform practice productivity and enhance patient care.
price ($mm)
$0.76*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/9/2021 via PR Newswire

WELL Health Technologies Corp., will acquire Intrahealth

synopsis: WELL Health Technologies Corp., a Canadian company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, will acquire Intrahealth, a Vancouver-based provider of enterprise class EMR and clinical healthcare software. Intrahealth will continue to operate as a stand-alone business within the WELL EMR Group.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Intrahealth
Based in Canada, Intrahealth is an enterprise class Electronic Medical Records (EMR) provider with a deep IP portfolio and a highly customizable platform that supports a myriad of healthcare settings, including health authorities, hospitals, public health outpatient centres, and more.
price ($mm)
$19
rev ($mm)
$9
EBITDA ($mm)
$2
EV / rev
2.1x
EV / EBITDA
10.7x
closed 1/8/2021 via Company Press Release

WELL Health Technologies Corp., acquired Open Health Software Solutions Inc.

synopsis: Well Health Technologies Corp., a Canadian healthcare technology company, has acquired Ottawa-based Open Health Software Solutions Inc. (Open Health), a provider of open-source software services and support related to OSCAR EMR. Open Health will become a part of the WELL EMR Group and be migrated into WELL's OSCAR Pro platform.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Open Health Software Solutions Inc.
Based in Ottawa, Open Health Software Solutions provides open-source software services and support related to OSCAR EMR. Open Health assists healthcare organizations, physician offices, and clinics by implementing software that improves the quality of the healthcare service they deliver.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/16/2020 via BNC Analysis

WELL Health Technologies Corp., will acquire Adracare

synopsis: WELL Health Technologies Corp., an omni-channel digital health company in Canada, will acquire Adracare, a clinic and practice management software system in Canada. Adracare offers an all-in-one telehealth and practice management solution that helps behaviour and allied health clinics to save time and cut costs, without sacrificing quality of care.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Adracare
Adracare is a complete clinic and practice management software system in Canada. Adracare offers an all-in-one telehealth and practice management solution that helps behaviour and allied health clinics to save time and cut costs, without sacrificing quality of care.
price ($mm)
$3.63
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/13/2020 via BNC Analysis

WELL Health Technologies Corp., will acquire Source 44 Security

synopsis: Vancouver-based WELL Health Technologies Corp., a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, will acquire Source 44 Consulting Incorporated (Source 44). Based out of Markham, Ontario, Source 44 is a provider of cybersecurity services and solutions for businesses.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
Vancouver-based WELL is an omni-channel digital health company whose overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. "
target: Source 44 Security
Headquartered in Ontario, Source 44 Security is a provider of cybersecurity services and solutions for businesses. Source 44 provides a wide array of security services, including managed network and vulnerability services, risk assessments, penetration testing, and cybersecurity audits.
price ($mm)
$7.99
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/6/2020 via BNC Analysis

WELL Health Technologies Corp., will acquire Insig

synopsis: WELL Health Technologies Corp., a company focused on modernizing clinical and digital assets within the healthcare sector, will acquire INSIG Corporation, a market leading virtual care platform in Canada. INSIG is a privately-held Canadian company engaged in developing virtual care platforms, and clinical automation software.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL is an omni-channel digital health company whose overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. "
target: Insig
INSIG is a privately-held Canadian company engaged in developing virtual care platforms, and clinical automation software. INSIG has grown to serve hundreds of physicians and medical practitioners across the country, with over 500,000 patients having used the platform.
price ($mm)
$18*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/2/2020 via PR Newswire

WELL Health Technologies Corp., acquired DoctorCare Inc.

synopsis: WELL Health Technologies Corp., a Canadian company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, has acquired DoctorCare Inc., a market leader in billing and optimization services. With the acquisition of DoctorCare, WELL has formed the WELL Billing and Backoffice Group.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
Vancouver-based WELL Health Technologies Corp is an omni-channel digital health company whose overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. "
target: DoctorCare Inc.
Based in Toronto, DoctorCare is a technology solution provider with solutions and services that help doctors ensure they are minimizing errors, ensuring compliance with complicated medical billing claim codes, improving patient care, and growing their practice.
price ($mm)
$8.27
rev ($mm)
$3
EBITDA ($mm)
$1
EV / rev
5.1x
EV / EBITDA
17.0x
announced 7/9/2020 via BNC Analysis

WELL Health Technologies Corp., will acquire Cycura Inc.

synopsis: WELL Health Technologies Corp., a Canadian omni-channel digital health company, will acquire Cycura Inc., a private Ontario corporation. Cycura's Services Division provides various cybersecurity offerings, including penetration and vulnerability testing, security focused code reviews, incident response services, cybersecurity training, and more.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL is an omni-channel digital health company. WELL owns and operates 20 primary healthcare medical clinics, is Canada's third largest Electronic Medical Records supplier, operates a leading national telehealth service, and is a provider of digital health technology solutions. "
target: Cycura Inc.
Cycura is a global firm employing an industry-leading team of security experts. The company's cybersecurity offerings include penetration and vulnerability testing, security focused code reviews, incident response services, cybersecurity M&A advisory and technical due diligence services, and more.
price ($mm)
$1.88
rev ($mm)
$1
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 6/1/2020 via PR Newswire

WELL Health Technologies Corp., acquired Indivica Inc.

synopsis: WELL Health Technologies, a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, has completed the acquisition of Indivica Inc., a provider of fully hosted Electronic Medical Records (EMR) software and services to 390 clinics serving over 2,000 physicians and medical practitioners in Ontario.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL is a unique company that operates Primary Healthcare Facilities as well as a significant EMR or Electronic Medical Records business that supports the digitization of such clinics. WELL owns and operates 20 medical clinics, is a majority owner of SleepWorks Medical. "
target: Indivica Inc.
Indivica is a provider of fully hosted EMR (Electronic Medical Records) software and services and is based out of Toronto. The company's IndiviCare 4 product provides services for Appointment Notifications, Patient Communications, Inter-Clinic Data Sharing, and a Hot Standby backup EMR for free.
price ($mm)
$3.52
rev ($mm)
$1
EBITDA ($mm)
EV / rev
3.4x
EV / EBITDA
announced 2/12/2020 via BNC Analysis

WELL Health Technologies Corp., will acquire MedBASE Software Inc.

synopsis: WELL Health Technologies Corp., a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, will acquire MedBASE Software Inc. MedBASE has been helping Ontario physicians submit billings to the Ministry of Health for 25 years.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL is a unique company that operates Primary Healthcare Facilities as well as a significant EMR or Electronic Medical Records business that supports the digitization of such clinics. WELL owns and operates 20 medical clinics, is a majority owner of SleepWorks Medical. "
target: MedBASE Software Inc.
MedBASE is a trusted provider of software solutions that empower Ontario physicians including OSCAR EMR Services. MedBASE has been helping Ontario physicians submit billings to the Ministry of Health for 25 years.
price ($mm)
$0.37
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/22/2019 via BNC Analysis

WELL Health Technologies Corp., will acquire Trinity Healthcare Technologies

synopsis: WELL Health Technologies Corp., a Canadian company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, will acquire Trinity Healthcare Technologies, a provider of Open Source Clinical Application Resource (OSCAR) based Electronic Medical Records software and services based in Ontario.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health Technologies Corp. operates Primary Healthcare Centres as well as a significant Electronic Medical Records (EMR) business that supports the digitization of clinics. WELL owns and operates nineteen medical clinics and provides digital EMR software and services to clinics across Canada. "
target: Trinity Healthcare Technologies
Ontario-based Trinity Healthcare Technologies (THT) is a provider of Open Source Clinical Application Resource (OSCAR) based Electronic Medical Records software and services. THT's solutions digitize the communication and workflow between a physician's office and the rest of the healthcare system.
price ($mm)
$4.62
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/31/2019 via Company Press Release

WELL Health Technologies Corp., will acquire KAI Innovations Inc.

synopsis: WELL Health Technologies Corp., a Vancouver-based company operating in healthcare, has agreed to acquire KAI Innovations. KAI, based in Ontario, has the third largest electronic medical record (EMR) user base in the province and is the largest provider of Open Source Clinical Application Resource EMR services to healthcare clinics in Canada.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
Canada-based WELL Health Technologies Corp. operates Primary Healthcare Facilities and an electronic medial record business that supports the digitization of clinics. WELL's objective is to empower doctors to provide the best advanced care possible leveraging the latest trends in digital health. "
target: KAI Innovations Inc.
Canada-based KAI Innovations has the third largest electronic medical record (EMR) user base in Ontario and is the largest provider of Open Source Clinical Application Resource (OSCAR) EMR services in Canada. KAI founded the OSCAR clinic at McMaster University Department of Family Medicine.
price ($mm)
$7.99
rev ($mm)
$3
EBITDA ($mm)
EV / rev
5.1x
EV / EBITDA
announced 5/23/2019 via BNC Analysis

WELL Health Technologies Corp., will acquire OSCARprn

synopsis: WELL Health Technologies Corp., a company that operates Primary Healthcare Facilities as well as an EMR business, will be acquiring OSCARprn, a trusted provider of EMR software, support and other services that work with OSCAR, an open source EMR platform.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health Technologies Corp. is a company that operates Primary Healthcare Facilities as well as an EMR business that supports the digitization of such clinics. WELL's objective is to empower doctors to provide the best advanced care possible leveraging the latest trends in digital health. "
target: OSCARprn
OSCARprn is a trusted provider of EMR software, support and other services that work with OSCAR, an open source EMR platform developed by McMaster University in Hamilton, Ontario. OSCARprn is one of only three Chartered OSCAR providers in the province of British Columbia.
price ($mm)
$0.65
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/14/2018 via PR Newswire

WELL Health Technologies Corp., will acquire NerdEMR

synopsis: WELL Health Technologies Corp., a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, is to acquire NerdEMR, the most trusted OSCAR service provider in British Columbia. OSCAR is a complete open-source Electronic Medical Record (EMR) solution. They are based in BC, Canada.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
WELL Health Technologies Corp. is a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector. WELL owns and operates Primary Healthcare Facilities in Canada. "
target: NerdEMR
NerdEMR is the most trusted OSCAR service provider in British Columbia. OSCAR is a complete open-source Electronic Medical Record (EMR) solution. They are based in BC, Canada.
price ($mm)
$2.07
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/19/2022 via BNC Analysis

Health Connect America, acquired Georgia HOPE

synopsis: Health Connect America has acquired Georgia HOPE (Family and Children First, LLC). Based in Dalton, Georgia, Georgia HOPE (Family and Children First, LLC) provides mental health therapy, family preservation/reunification, and substance use disorder treatment.
buyer parent: Palladium Equity Partners LLC
buyer: Health Connect America
Health Connect America provides mental and behavioral health services to children, families, and adults across multiple states. Health Connect America is honored to be a part of the communities it serves and walk alongside its clients as they embark on a journey to self-improvement. "
target: Georgia HOPE
Based in Dalton, Georgia, Georgia HOPE (Family and Children First, LLC) provides mental health therapy, family preservation/reunification, and substance use disorder treatment. Georgia HOPE has provided its services in the state of Georgia for over 20 years.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/19/2022 via BNC Analysis

Health Connect America, acquired Pinnacle Family Services

synopsis: Health Connect America has acquired Pinnacle Family Services Holdings. Pinnacle Family Services, headquartered in Raleigh, provides therapeutic foster care and periodic behavioral health services at home to youth.
buyer parent: Palladium Equity Partners LLC
buyer: Health Connect America
Health Connect America provides mental and behavioral health services to children, families, and adults across multiple states. Health Connect America is honored to be a part of the communities it serves and walk alongside its clients as they embark on a journey to self-improvement. "
target: Pinnacle Family Services
Raleigh-based Pinnacle Family Services is a leading provider of home- and community-based services and programs for at-risk youth and their families. Their programs include therapeutic foster care for mental health, dual diagnoses, and medically complex individuals, family preservation, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/19/2022 via BNC Analysis

Health Connect America, acquired HEADS

synopsis: Health Connect America has acquired HEADS (Healing Educational Alternatives for Deserving Students). Based in Plant City, Florida, HEADS provides trauma treatment to children and families. They have been committed to helping children and their families in Florida since 1992.
buyer parent: Palladium Equity Partners LLC
buyer: Health Connect America
Health Connect America provides mental and behavioral health services to children, families, and adults across multiple states. Health Connect America is honored to be a part of the communities it serves and walk alongside its clients as they embark on a journey to self-improvement. "
target: HEADS
Based in Plant City, Florida, HEADS (Healing Educational Alternatives for Deserving Students) provides trauma treatment to children and families. They have been committed to helping children and their families in Florida since 1992.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/14/2022 via PR Newswire

New Directions Behavioral Health, acquired Tridiuum

synopsis: New Directions Behavioral Health, a provider of comprehensive behavioral health solutions, has acquired Tridiuum, a digital behavioral health company. Tridiuum accelerates patient access to the most appropriate care by automating behavioral health screening, triaging, matching and online scheduling through its easy-to-use system.
buyer: New Directions Behavioral Health
New Directions improves access to quality behavioral healthcare through a comprehensive suite of coordinated behavioral health services. The company supports over 15 million individuals nationally, in partnership with health plans, employers and higher education institutions. "
target: Tridiuum
Tridiuum is a digital behavioral health company and network management partner that bridges the gap between patients, payers, and providers to improve access and follow-up care. The company's Tridiuum ONE platform powers behavioral health operations and workflows to advance patient outcomes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/13/2022 via GlobeNewswire

LifeMD, Inc., acquired Cleared

synopsis: LifeMD, Inc., a leading direct-to-patient telehealth company, announced it has acquired Cleared, a direct-to-consumer telehealth destination that provides end-to-end personalized care for allergy, asthma and immunology.
buyer: LifeMD, Inc. (OTCPK:IMMD:$78.35)
LifeMD, Inc. (formerly Conversion Labs) is a rapidly growing direct-to-patient telehealth company that offers cash-pay virtual medical care across all 50 states. LifeMD’s telemedicine platform enables virtual access to affordable and convenient medical treatment from licensed providers. "
target: Cleared
Cleared is a direct-to-consumer telehealth destination that provides end-to-end personalized care for allergy, asthma and immunology.
price ($mm)
$4.43
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/14/2022 via GlobeNewswire

CloudMD Software & Services Inc., acquired MindBeacon

synopsis: Canada-based CloudMD Software & Services Inc. has acquired MindBeacon Holdings Inc., a leading Canadian digital mental healthcare platform that provides a continuum of care, focusing on internet-based Cognitive Behavioural Therapy (iCBT), which is an effective therapy provided through a computer or a mobile device.
buyer: CloudMD Software & Services Inc. (CNSX:PHGI:$55.36)
Based in Canada, CloudMD is digitizing the delivery of healthcare by providing a patient centric approach, with an emphasis on continuity of care. The company offers SAAS based health technology solutions to healthcare providers across North America. "
target: MindBeacon (TSX:MBCN:$15.71)
Based in Toronto, MindBeacon provides a continuum of mental healthcare that includes self-guided psychoeducational and wellness content, peer-to-peer support, therapist guided programs, and live therapy sessions all offered virtually through its secure and private platform.
price ($mm)[EV]
$92 [$51]
rev ($mm)
$16
EBITDA ($mm)
EV / rev
3.3x
EV / EBITDA
closed 11/1/2021 via GlobeNewswire

23andMe, Inc., acquired Lemonaid Health

synopsis: 23andMe Holding Co., a leading consumer genetics and research company, announced that it has completed its previously-announced acquisition of Lemonaid Health, Inc., an on-demand platform for accessing medical care and pharmacy services online.
buyer: 23andMe, Inc. (ME:$255.10)
23andMe, Inc. is a leading personal genetics company dedicated to helping individuals understand their own genetic information through DNA analysis technologies and web-based interactive tools. The company was founded in 2006 and is based in Mountain View, California. "
target: Lemonaid Health
Lemonaid Health is a leading innovator in telemedicine and prescription drug delivery. The Lemonaid Health platform leverages clinical algorithms to augment its experienced medical providers’ knowledge base, enabling patients to quickly, safely and inexpensively get care and prescriptions.
price ($mm)
$400
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/21/2021 via BusinessWire

Oak Street Health, Inc., acquired RubiconMD Inc.

synopsis: Oak Street Health, Inc. has acquired RubiconMD, the leading technology platform providing access to specialist expertise. The deal enables Oak Street Health to integrate virtual specialty care into its existing care model, which significantly streamlines the referral process and better manages costs while also enhancing the patient experience.
buyer: Oak Street Health, Inc. (OSH:$1,116.37)
Oak Street Health is a network of value-based primary care centers for adults on Medicare. The company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients. "
target: RubiconMD Inc.
RubiconMD advances its mission to democratize medical expertise by connecting primary care clinicians to top specialists. Through its digital platform, RubiconMD enables the remote exchange of insights between clinicians, reduces patient wait time and travel burdens, and more.
price ($mm)
$130
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/15/2021 via GlobeNewswire

Syneos Health, acquired StudyKIK

synopsis: Syneos Health, the only fully integrated biopharmaceutical solutions organization, announced the acquisition of StudyKIK, a leading technology-enabled clinical trial recruitment and retention company.
buyer: Syneos Health (SYNH:$4,730.38)
Syneos Health is the only fully integrated biopharmaceutical solutions organization. Their company, including a Contract Research Organization (CRO) and Contract Commercial Organization (CCO), is purpose-built to accelerate customer performance to address modern market realities. "
target: StudyKIK
StudyKIK is a leading technology-enabled clinical trial recruitment and retention company. StudyKIK supports patient recruitment, patient retention, eConsent Solutions, Telemedicine Video Calling, and study companion mobile applications to expedite clinical trials
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/11/2021 via GlobeNewswire

Green Shield, acquired Tranquility Online

synopsis: The Green Shield Canada (GSC) group of companies is pleased to announce its acquisition of Tranquility Online, a rapidly growing mental health platform specializing in internet-based cognitive behavioral therapy (iCBT) and mental health coaching.
buyer: Green Shield
Green Shield Canada is Canada’s fourth-largest health and dental benefits provider, and is uniquely structured as a social enterprise with the purpose of making it easier for people to live their healthiest lives. They are Canada’s only not-for-profit health and dental benefits provider. "
target: Tranquility Online
Tranquility Online is a rapidly growing mental health platform specializing in internet-based cognitive behavioral therapy (iCBT) and mental health coaching. They are based in Halifax, Nova Scotia.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/11/2021 via PR Newswire

Sharecare, Inc., acquired CareLinx

synopsis: Sharecare, the digital health company that helps people manage all their health in one place, has closed its acquisition of CareLinx, the nation's leading digital on-demand platform of tech-enabled care providers.
buyer: Sharecare, Inc. (NasdaqGS:SHCR:$331.76)
Sharecare is the digital health company that helps people manage all their health in one place. The Sharecare platform provides each person with a comprehensive and personalized health profile where they can dynamically and easily connect to the information. "
target parent: The Generali Group
target: CareLinx
CareLinx is a leading nationwide, tech-enabled caregiver marketplace improving access to affordable, quality home care for families, large health systems, and insurance companies. CareLinx caregivers leverage proprietary digital care plans to better assist the elderly and disabled.
price ($mm)
$65
rev ($mm)
$5
EBITDA ($mm)
EV / rev
13.0x
EV / EBITDA
closed 8/10/2021 via Company Press Release

Palladium Equity Partners LLC, acquired Health Connect America

synopsis: Palladium Equity Partners, LLC, a middle market private equity firm, has acquired Health Connect America, Inc., a mission-driven behavioral health services platform, from Harren Equity Partners. Health Connect America provides mental and behavioral health services to children, families, and adults across multiple states.
buyer: Palladium Equity Partners LLC
Palladium is a middle market private equity firm with approximately $3 billion in assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. "
target parent: Harren Equity Partners
target: Health Connect America
Health Connect America provides mental and behavioral health services to children, families, and adults across multiple states. Health Connect America is honored to be a part of the communities it serves and walk alongside its clients as they embark on a journey to self-improvement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/28/2021 via GlobeNewswire

Aquiline Capital Partners, acquired Avera eCARE

synopsis: Avera Health announced the acquisition of its telemedicine services, Avera eCare, by Aquiline Capital Partners, a private investment firm based in New York and London. As part of the acquisition, Aquiline will execute the carve-out of Avera eCare and rename the company Avel eCare.
buyer: Aquiline Capital Partners
Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in businesses across financial services and technology, business services, and healthcare. The firm had $6.4 billion in assets under management as of March 31, 2021. "
target parent: Avera Health
target: Avera eCARE
Avera eCARE, who will rename as Avel eCare, offers one of the largest and most comprehensive virtual health networks in the world – partnering with more than 600 health care systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings, and schools across the country.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/10/2021 via BusinessWire

NeuPath, will acquire KumoCare, Inc.

synopsis: Ontario-based NeuPath Health Inc., owner and operator of a network of clinics that deliver category-leading treatment for chronic pain, as well as spinal injuries, sports-related injuries, and concussions, will acquire KumoCare, a Canadian virtual care platform. The acquisition will further expand NeuPath’s virtual care and telemedicine offerings.
buyer: NeuPath (TSXV:NPTH:$41.24)
Based in Ontario, NeuPath is a vertically integrated health care provider utilizing research, data-driven insights, technology, and interdisciplinary care to help restore function for patients impacted by chronic pain, spinal injuries, sport-related injuries, and concussions. "
target: KumoCare, Inc.
Based in Canada, KumoCare is a telemedicine platform that uses mobile and cloud technology to enable patients to connect with health care providers from their homes. Through its mobile app, KumoCare provides easy and affordable access to professional and affordable health care.
price ($mm)
$1.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/9/2021 via GlobeNewswire

Patient Access Solutions, Inc., acquired Tela Mental Health

synopsis: Patient Access Solutions (PASO), a provider of healthcare/financial processing and management solutions for the healthcare industry, has acquired Tela Mental Health. This acquisition will allow PASO to offer mental health services through the telamentalhealth.com portal, connecting patients to psychologists, psychiatrists and therapists nationwide.
buyer parent: Global Energy Resources, Inc
buyer: Patient Access Solutions, Inc. (OTCPK:PASO:$1.82)
Patient Access Solutions Inc. is a Healthcare Solutions company with its sights set on shaking up a stodgy healthcare information technology industry. Paying little respect to tradition in a business rooted in tradition, PASHealth has created a formidable array of technologyand resources. "
target: Tela Mental Health
Tela Mental Health is an American healthcare institution, specializing in mental health. Tela Mental Health is focused on mental wellness for patients accessing their care provider remotely and the demand for this is high.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/4/2021 via BusinessWire

Carbon Health, acquired Steady

synopsis: Carbon Health, a leading technology-enabled healthcare provider, has acquired Steady Health, a fully integrated diabetes platform that uses data from continuous glucose monitoring (CGM) devices to provide personalized medical care from top endocrinologists. The acquisition will accelerate the rollout of Carbon Health's new primary care model.
buyer: Carbon Health
Carbon Health is a leading national healthcare provider with a mission to bring high-quality healthcare to everyone. Leveraging its unique technology platform, Carbon Health provides its patients with omnichannel care: seamless care from the same trusted providers at a wide variety of access points."
target: Steady
Steady Health is a fully integrated diabetes platform that uses data from continuous glucose monitoring devices (CGM) to provide personalized medical care. Through its platform, users can receive real-time coaching from specialists based on personal insights from CGMs to achieve meaningful goals.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/27/2021 via BNC Analysis

TeleMed2U, acquired Medzino United States

synopsis: Medzino, an Austin-based startup specializing in telemedicine and mail order pharmacy, announced that their US brand will be acquired by TeleMed2U, a leading telemedicine company operating out of Austin, Texas and Roseville, California. Medzino is a digital health brand offering online diagnosis, prescriptions by U.S. certified physicians.
buyer parent: Kura MD
buyer: TeleMed2U
Telemed2U is a multi-specialty technology-enabled services company that supplies its clients with real-time access to physician specialists through the use of secure state-of-the-art, audio-visual technology. "
target: Medzino United States
Medzino is an Austin-based digital health brand offering online diagnosis, prescriptions by U.S. certified physicians, and home delivery of medication across 38 US states. Following a short two-minute online consultation, patients are able to request treatment for a range of primary care issues.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/23/2021 via GlobeNewswire

Accolade, Inc., will acquire PlushCare

synopsis: Accolade, Inc., the company reinventing healthcare by helping people live their healthiest lives, will acquire PlushCare, a leading provider of virtual primary care and mental health treatment. With the acquisition, Accolade will begin offering virtual primary care and mental health consultations directly to members.
buyer: Accolade, Inc. (:$155.57)
Accolade provides personalized health and benefits solutions designed to empower every person to live their healthiest life. Accolade connects personal health data and programs to present a single point of entry to health and benefits resources while coordinating with providers. "
target: PlushCare
PlushCare is a leading virtual primary care and mental health platform that offers virtual doctor visits to patients in all 50 U.S. states. Patients are connected to the best physicians trained at a top 50 medical institution in the U.S. via desktop or mobile devices.
price ($mm)
$380
rev ($mm)
$35
EBITDA ($mm)
EV / rev
12.9x
EV / EBITDA
closed 4/12/2021 via BNC Analysis

HealthHero, acquired QARE

synopsis: HealthHero, the highly acquisitive London-based healthcare company, has acquired French telemedicine provider Qare. Qare has seen 800% growth in users in 2020 as Covid-19 caused doctors surgeries to shift to online consultations.
buyer parent: MARCOL
buyer: HealthHero
HealthHero is a European digital health company. HealthHero provides provide virtual access to doctors and expert clinicians to give patients the advice they need. They allow patients to tap into medical services 24/7 through video calls, online chats or phone calls. "
target parent: Kamet
target: QARE
Qare is a French telemedicine provider that allows patients to choose a practitioner from over 30 specialties available online. Qare has seen 800% growth in users in 2020 as Covid-19 caused doctors surgeries to shift to online consultations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/17/2021 via BusinessWire

Doctor On Demand will be merged with Grand Rounds,

synopsis: Doctor On Demand, the nation’s leading virtual care provider, will merge with Grand Rounds, a leader in healthcare quality and navigation. These two premier platforms will offer an unmatched patient and provider experience, providing a full suite of digital and interactive solutions to help address the problem of uncoordinated care in the U.S.
buyer: Grand Rounds
Grand Rounds is a new kind of healthcare company with a mission to raise the standard of healthcare for everyone, everywhere. The Grand Rounds team goes above and beyond to connect and guide people to the highest quality healthcare available for themselves and their loved ones. "
target: Doctor On Demand
Doctor On Demand is the nation’s leading virtual care provider. The company's full suite of personalized Total Virtual Care services include primary care, integrated behavioral health, everyday and urgent care, chronic condition management, and prevention.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Georgia HOPE

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StudyKIK

Tranquility Online

CareLinx

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Avera eCARE

KumoCare, Inc.

Tela Mental Health

Steady

Medzino United States

PlushCare

QARE

Doctor On Demand

Geography
Matching Companies
Ticker: TSXV:NGH
 
 
 
 
 
 
 
 
Nightingale Informatix Corporation
Nightingale Informatix Corporation
For more than a decade, Nightingale has been delivering innovative cloud-based Electronic Health Record and Practice Management solutions to healthcare organizations across the United States and Canada. They create software that is truly intuitive—minimizing training and maximizing adoption.
year
2015
rev ($mm)
$9.64
EBITDA ($mm)
($1.47)
EBIT ($mm)
($2.00)
Net Income ($mm)
$1.47
Employees
120
  • drill down
  • watch
Ticker: OTCPK:LFER
 
 
 
 
 
 
 
 
Life on Earth, Inc.
Life on Earth, Inc.
Life on Earth is a cloud enterprise software developer. Life on Earth's mission is to rapidly grow their cloud based software and technology solutions to enable secure, smart, compliant and maintainable enterprise business solutions. The company focuses on fast emerging technologies.
year
2021
rev ($mm)
$0.03
EBITDA ($mm)
($0.64)
EBIT ($mm)
($0.96)
Net Income ($mm)
Employees
9
  • drill down
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Ticker: ASX:CGL
 
 
 
 
 
 
 
 
Citadel Group Limited
Citadel Group Limited
Citadel is a leading Australian technology and software company that specialise in secure enterprise information management in complex environments. Citadel provides secure information to support real-time decisions across the Health, National Security and Defence industries.
year
2019
rev ($mm)
$73.75
EBITDA ($mm)
$10.86
EBIT ($mm)
$8.04
Net Income ($mm)
$4.10
Employees
180
  • drill down
  • watch
Ticker: MTBC
 
 
 
 
 
 
 
 
Medical Transcription Billing, Corp.
Medical Transcription Billing, Corp.
MTBC (Medical Transcription Billing, Corp) is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers, revenue cycle management companies and software vendors.
year
2019
rev ($mm)
$65.19
EBITDA ($mm)
$1.78
EBIT ($mm)
($1.62)
Net Income ($mm)
Employees
2400
  • drill down
  • watch
Ticker: CRW.L
 
 
 
 
 
 
 
 
Craneware, Inc.
Craneware, Inc.
Craneware, based in Scotland, is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Its SaaS solutions help and healthcare providers effectively price, charge, and code for services and supplies associated with patient care.
year
2012
rev ($mm)
$42.44
EBITDA ($mm)
$12.06
EBIT ($mm)
$10.80
Net Income ($mm)
$9.43
Employees
  • drill down
  • watch
Ticker: STRM
 
 
 
 
 
 
 
 
Streamline Health
Streamline Health
Streamline Health Solutions, Inc. is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge­. Through their Looking Glass Platform they provide clients with meaningful, intelligent SaaS-based solutions from patient engagement to reimbursement.
year
2021
rev ($mm)
$11.45
EBITDA ($mm)
($5.90)
EBIT ($mm)
($6.45)
Net Income ($mm)
Employees
67
  • drill down
  • watch
Ticker: ASX:PKS
 
 
 
 
 
 
 
 
Pacific Knowledge Systems
Pacific Knowledge Systems
Pacific Knowledge Systems (PKS) is an Australian provider of clinical expert intelligence. Their RippleDown solution integrates patient data with a knowledge base that is managed by clinical domain experts, to deliver patient-specific reports, recommendation and alerts.
year
2021
rev ($mm)
$6.12
EBITDA ($mm)
($0.30)
EBIT ($mm)
($0.35)
Net Income ($mm)
Employees
0
  • drill down
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Ticker: TSXV:PHA
 
 
 
 
 
 
 
 
Premier Health of America Inc.
Premier Health of America Inc.
Premier Health of America is a Canadian Healthtech company that provides a comprehensive range of staffing and outsourced services solutions. Premier Health uses its PSweb platform to lead the healthcare services sector digital transformation to provide patients more accessible care services.
year
2020
rev ($mm)
$24.62
EBITDA ($mm)
$2.53
EBIT ($mm)
$2.36
Net Income ($mm)
$0.49
Employees
0
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Ticker: TSXV:MSD
 
 
 
 
 
 
 
 
Moseda Technologies, Inc.
Moseda Technologies, Inc.
Moseda Technologies is a software developer of secure mobile health and telemedicine solutions for the healthcare sector. Their SmartCare solution integrates the latest in mobile, wearables and SaaS technology to provide increased levels of efficiency and reduction in redundant administrative tasks.
year
2015
rev ($mm)
$0.02
EBITDA ($mm)
($1.86)
EBIT ($mm)
($1.86)
Net Income ($mm)
Employees
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Ticker: OB:CSAM
 
 
 
 
 
 
 
 
CSAM Health AS
CSAM Health AS
CSAM is a leading Norwegian company in the specialized eHealth market with a unique blend of best in class innovative technology, and outstanding human skills. Their diverse portfolio of software solutions enables healthcare providers to access relevant clinical information at the point of care.
year
2021
rev ($mm)
$30.36
EBITDA ($mm)
$5.22
EBIT ($mm)
$2.50
Net Income ($mm)
Employees
225
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Ticker: OM:RTC
 
 
 
 
 
 
 
 
Rethinking Care AB
Rethinking Care AB
Rethinking Care introduces a holistic concept in nursing & health, based on 3 interacting spheres of activity - "Software as a service", "Care as a service" & "Health as a service", based on a high level of competence in nursing & healthcare services as well as IT tools developed for health care.
year
2016
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: KOSDAQ:A263700
 
 
 
 
 
 
 
 
Carelabs Co., Ltd.
Carelabs Co., Ltd.
Carelabs is a South Korea-based digital beauty and healthcare company. CareLabs provides comprehensive healthcare IT services, including clinic information services, clinic customer management software, and digital marketing solutions.
year
2019
rev ($mm)
$49.51
EBITDA ($mm)
$4.38
EBIT ($mm)
$3.14
Net Income ($mm)
$1.79
Employees
0
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Ticker: OTCQB: EHVVF
 
 
 
 
 
 
 
 
Ehave, Inc.
Ehave, Inc.
Ehave is a healthcare company developing a next generation of digital solutions for stakeholders in the medical cannabis and mental health sectors. Ehave’s health informatics platform efficiently captures high-quality, objective user data.
year
2020
rev ($mm)
EBITDA ($mm)
($2.05)
EBIT ($mm)
($2.85)
Net Income ($mm)
Employees
0
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Ticker: ZMD
 
 
 
 
 
 
 
 
ZoomMed Inc.
ZoomMed Inc.
Zoommed Inc. develops and markets various computer applications for healthcare professionals in Canada. The company builds and operates the ZoomMed Communication Network, a clinical interoperable information exchange network between physicians and various other stakeholders of the healthcare sector.
year
2014
rev ($mm)
$6.08
EBITDA ($mm)
$2.65
EBIT ($mm)
$2.78
Net Income ($mm)
Employees
40
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Ticker: HNTN.OB
 
 
 
 
 
 
 
 
H-NET.NET, Inc.
H-NET.NET, Inc. is the global leader in providing B2B e-commerce services to the visioncare industry. The company is positioned to become the central hub and provide a one-stop multi-service Internet portal and Internet-based transaction processing services. The company has also expanded into the g
year
2002
rev ($mm)
$1.40
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
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Ticker: CNC
 
 
 
 
 
 
 
 
Centene Corporation
Centene Corporation
Centene Corporation is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. Centene Corporation provides affordable and high-quality healthcare services to members in all 50 states and around the world.
year
2020
rev ($mm)
$95,748.00
EBITDA ($mm)
$5,331.00
EBIT ($mm)
$4,247.00
Net Income ($mm)
$2,029.00
Employees
56600
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Ticker: NYSE:DVA
 
 
 
 
 
 
 
 
DaVita Inc.
DaVita Inc.
DaVita Inc., a Fortune 500 company, is the parent company of DaVita Kidney Care and HealthCare Partners. DaVita Kidney Care is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease.
year
2021
rev ($mm)
$11,580.15
EBITDA ($mm)
$2,433.94
EBIT ($mm)
$1,766.61
Net Income ($mm)
$964.75
Employees
67000
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Ticker: MD
 
 
 
 
 
 
 
 
MEDNAX, Inc.
MEDNAX, Inc.
MEDNAX, Inc. is a national medical group that comprises the nation's leading providers of neonatal, anesthesia, maternal-fetal and pediatric medical and surgical subspecialty services. The company enhances patient outcomes and provide high-quality, cost-effective care.
year
2021
rev ($mm)
$1,796.98
EBITDA ($mm)
$214.68
EBIT ($mm)
$183.66
Net Income ($mm)
Employees
5600
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Ticker: OSH
 
 
 
 
 
 
 
 
Oak Street Health, Inc.
Oak Street Health, Inc.
Oak Street Health is a network of value-based primary care centers for adults on Medicare. The company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients.
year
2021
rev ($mm)
$1,116.37
EBITDA ($mm)
($293.02)
EBIT ($mm)
($306.25)
Net Income ($mm)
Employees
3700
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Ticker: OM:AMBEA
 
 
 
 
 
 
 
 
Ambea
Ambea
Ambea is the market leading care provider in Sweden, Norway and Denmark respectively, with over 900 care units and around 26,000 employees. They offer services in disabled care, individual and family care, and elderly care with a focus on residential care and own management.
year
2019
rev ($mm)
$737.05
EBITDA ($mm)
$82.14
EBIT ($mm)
$51.31
Net Income ($mm)
$25.24
Employees
26000
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Ticker: CDNA
 
 
 
 
 
 
 
 
CareDx, Inc
CareDx, Inc
CareDx, Inc., headquartered in South San Francisco, California, is a leading precision medicine solutions company focused on the discovery, development and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers.
year
2021
rev ($mm)
$275.82
EBITDA ($mm)
($9.14)
EBIT ($mm)
($17.39)
Net Income ($mm)
Employees
466
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Ticker: TSXV:WELL
 
 
 
 
 
 
 
 
WELL Health Technologies Corp.
WELL Health Technologies Corp.
WELL Health Technologies Corp. is a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector. WELL owns and operates Primary Healthcare Facilities in Canada.
year
2021
rev ($mm)
$161.14
EBITDA ($mm)
$14.90
EBIT ($mm)
($8.76)
Net Income ($mm)
Employees
0
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Ticker: OTCPK:IMMD
 
 
 
 
 
 
 
 
Immudyne
lmmuDyne, Inc. is a technology-driven e-commerce company that builds innovative and proprietary brands. Immudyne’s scalable and global advertising technology infrastructure leverages social media, search and e-commerce platforms to rapidly and profitably grow their product portfolio.
year
2021
rev ($mm)
$78.35
EBITDA ($mm)
($72.54)
EBIT ($mm)
($72.96)
Net Income ($mm)
Employees
56
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Ticker: TSX:NHC
 
 
 
 
 
 
 
 
Northstar Healthcare Inc.
Northstar Healthcare is a full-service healthcare development and management company. With a collective leadership experience that includes developing and managing over 100 surgical centers, Northstar constantly strives to provide superior medical care and increased patient satisfaction.
year
2014
rev ($mm)
$57.93
EBITDA ($mm)
$11.61
EBIT ($mm)
$10.46
Net Income ($mm)
$3.53
Employees
74
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Ticker: CNSX:PHGI
 
 
 
 
 
 
 
 
Premier Health Group Inc.
Premier Health is strategically poised to take advantage of business opportunities in the global health care industry. Their subsidiary, HealthVue, is focused on developing proprietary technology to deliver quality healthcare through the combination of telemedicine and artificial intelligence (AI).
year
2021
rev ($mm)
$55.36
EBITDA ($mm)
($10.57)
EBIT ($mm)
($10.89)
Net Income ($mm)
Employees
0
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Ticker: OTRK
 
 
 
 
 
 
 
 
Ontrak, Inc
Ontrak is an AI and telehealth enabled, virtualized healthcare company. Its Predict-Recommend-Engage platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways for people to follow, and engages people who are not getting the care they need.
year
2020
rev ($mm)
$50.17
EBITDA ($mm)
($19.93)
EBIT ($mm)
($21.18)
Net Income ($mm)
Employees
395
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Ticker: TSXV:NPTH
 
 
 
 
 
 
 
 
NeuPath
NeuPath
Based in Ontario, NeuPath is a vertically integrated health care provider utilizing research, data-driven insights, technology, and interdisciplinary care to help restore function for patients impacted by chronic pain, spinal injuries, sport-related injuries, and concussions.
year
2021
rev ($mm)
$41.24
EBITDA ($mm)
$0.72
EBIT ($mm)
($0.52)
Net Income ($mm)
Employees
0
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Ticker: OTCPK:AMEH
 
 
 
 
 
 
 
 
Apollo Medical Holdings, Inc.
Apollo Medical Holdings, Inc.
ApolloMed is a leading integrated population health management company committed to providing exceptional multi-disciplinary care in the communities it serves.
year
2015
rev ($mm)
$38.80
EBITDA ($mm)
($2.92)
EBIT ($mm)
($3.19)
Net Income ($mm)
Employees
150
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Ticker: TSX:DRDR
 
 
 
 
 
 
 
 
MCI OneHealth
MCI OneHealth
MCI is a healthcare technology company focused on empowering patients and doctors with advanced technologies to increase access, improve quality, and reduce healthcare costs. MCI operates one of Canada’s leading primary care networks with 25 clinics and serves over 850,000 patients annually.
year
2020
rev ($mm)
$30.73
EBITDA ($mm)
($4.13)
EBIT ($mm)
($4.50)
Net Income ($mm)
Employees
340
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Ticker: TSXV:JNH
 
 
 
 
 
 
 
 
Jack Nathan Medical Corp.
Jack Nathan Medical Corp.
Jack Nathan Medical, operating as Jack Nathan Health, is one of Canada’s largest healthcare networks. Jack Nathan is an innovative healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services conveniently located inside Walmart stores.
year
2020
rev ($mm)
$3.11
EBITDA ($mm)
$0.44
EBIT ($mm)
$0.38
Net Income ($mm)
Employees
0
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