Healthcare Services Acquisitions in Canada
Healthcare Services M&A in Canada
Healthcare Services M&A in Canada covers recent acquisitions and investments across clinics, pharmacies, home‑care and digital health. Transactions range from large take‑privates to targeted tuck‑ins that expand clinical, operational and technology capabilities.
Deal themes include private‑equity and strategic platform activity (for example, GTCR LLC acquiring dentalcorp Holdings Ltd.), clinic and pharmacy roll‑ups by operators such as WELL Health Technologies Corp. and PharmaCorp Rx Inc., and capability deals that add digital health, RWE/HEOR and clinical decision‑support (for example, United BioSource LLC (UBC) acquiring Evidinno Outcomes Research Inc. and DoseMe acquiring Firstline). Geography is concentrated in Ontario and British Columbia with notable activity in Quebec and Manitoba.
What Stands Out
- Private equity and strategic platforms are prominent buyers: examples include GTCR LLC, Frontline Healthcare Partners, SeaFort Capital and clinic consolidators like WELL Health Technologies Corp.
- Digital and data capabilities are being acquired to extend clinical workflows: RWE/HEOR (United BioSource LLC (UBC) / Evidinno), clinical decision support and precision dosing (DoseMe / Firstline), patient engagement platforms (FluidAI Medical / Emmetros), and patient‑flow software (VitalHub Corp. / Novari Health Inc.).
- Traditional service roll‑ups continue (clinics, pharmacies, home care and specialty services): examples include clinic buys in British Columbia, a pharmacy purchase in Western Canada by PharmaCorp Rx Inc., and regional expansion by Mable Health Inc. into Manitoba.
- Geographic focus: Ontario and British Columbia appear most often, with transactions also in Quebec and Manitoba.
-
March 16, 2026
- Buyer
- ClinActiv Holdings, ClinActiv Holdings affiliate
- Target
- Crescita Therapeutics
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
Crescita Therapeutics entered into a definitive arrangement agreement to be acquired by ClinActiv Holdings in an all-cash deal valued at $0.80 per share (minimum $0.75), subject to customary working capital adjustments. The transaction is expected to close in Q2 2026 via a court-approved statutory plan of arrangement in Ontario, with Crescita’s shares to be delisted after completion.
-
March 2, 2026
- Buyer
- BioSyent Inc.
- Target
- Oral Science Inc.
- Seller
- Shareholders of Oral Science (the “Sellers”)
- Industry
- Healthcare Services
- Location
- Quebec, Canada
- Type
- Buyout
BioSyent Inc. (TSX Venture: RX) has closed its previously announced acquisition of Oral Science Inc. for an aggregate purchase price of $25.5 million. The deal was completed under a February 8, 2026 Share Purchase Agreement, with consideration paid via cash ($22.5 million, including additional working-capital adjustment) and BioSyent common shares, plus contingent earn-out and royalty payments.
-
February 10, 2026
- Buyer
- iGan Partners
- Target
- Exact Imaging
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Growth capital
Exact Imaging, a developer of high-resolution micro-ultrasound for urologic imaging, announced the closing of a $10 million financing round led by iGan Partners. The proceeds will be used to accelerate global sales and adoption of its ExactVu prostate biopsy system.
-
February 10, 2026
- Buyer
- Apollo-Managed Funds, Apollo Global Management
- Target
- The GoodLife Group
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Growth capital
Apollo-managed funds have acquired a minority investment in The GoodLife Group, Canada’s largest gym operator, to provide capital for its long-term growth strategy. The deal is subject to customary regulatory approvals and closing conditions, and GoodLife’s founder/Chairman David “Patch” Patchell-Evans and CEO Jeff van Haeren are expected to remain in their roles.
-
February 10, 2026
- Buyer
- fdp Private Wealth Management, fdp Gestion privée
- Target
- MultiD
- Industry
- Healthcare Services
- Location
- Quebec, Canada
- Type
- Buyout
fdp Private Wealth Management announced the immediate acquisition of a majority interest in MultiD, a Quebec-based medical billing and administrative solutions firm. The deal is intended to create a fully integrated medical-finance offering for physicians across Quebec while maintaining MultiD’s brand and service continuity.
-
- Buyer
- GreenShield
- Target
- Kii Health's Canadian mental health services segment
- Seller
- Kii Health
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
GreenShield has acquired Kii Health’s Canadian mental health services segment, including EFAP, Student Assistance Program (SAP), CBT Associates, and TAiCBT services, along with the MindBeacon digital therapy platform. The deal expands GreenShield Health’s mental health capabilities and grows its national footprint—particularly in Western Canada and Quebec—while integrating the acquired offerings into GreenShield+.
-
February 2, 2026
- Buyer
- ATB Financial Private Equity arm (ATB PE), Prominent Canadian family office (name not specified)
- Target
- Corus Orthodontists Inc.
- Industry
- Healthcare Services
- Location
- Alberta, Canada
- Type
- Growth capital
Corus Orthodontists Inc. announced a C$20 million institutional equity investment led by ATB Financial’s private equity arm, with co-investment from a prominent Canadian family office. The funding is intended to support further clinic expansion across the U.S. and Canada and to provide progressive equity liquidity to Corus’ existing shareholders.
-
February 1, 2026
- Buyer
- WELL Health Technologies Corp.
- Target
- E-Consult Canada LP, eight primary care clinics in Alberta (clinic business acquired via absorption model)
- Industry
- Healthcare Services
- Location
- Alberta, Canada
- Type
- Buyout
WELL Health Technologies Corp. acquired a majority 61% ownership interest in E-Consult Canada LP for approximately CAD 33 million and completed the acquisition effective February 1, 2026. In addition, WELL acquired eight primary care clinics in Alberta (closing December 1, 2025), taking 100% ownership of the clinic business through its absorption model.
-
January 26, 2026
- Buyer
- Elevate Farms Inc.
- Target
- Fieldless Farms Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
Elevate Farms Inc. acquired 100% of Fieldless Farms Inc., making Fieldless a wholly owned subsidiary of Elevate. The deal brings together Elevate’s controlled-environment agriculture (CEA) technology platform with Fieldless’s Cornwall, Ontario pesticide-free leafy greens operations, aiming to strengthen Canadian food sovereignty and enable global expansion.
-
January 20, 2026
- Buyer
- Victoria Park Medispa
- Target
- PHI Medical Aesthetics
- Industry
- Healthcare Services
- Location
- Alberta, Canada
- Type
- Buyout
Victoria Park Medispa, a Canadian medical aesthetics platform, has acquired PHI Medical Aesthetics as its first entry into Alberta and the western provinces. The transaction is positioned as the start of Victoria Park’s broader westward expansion strategy, adding PHI’s Calgary injectables-focused clinic to its growing national network.
-
January 14, 2026
- Buyer
- GTCR LLC (funds affiliated with GTCR LLC), Aryeh Topco Holding Ltd., Aryeh Bidco Investment Ltd.
- Target
- dentalcorp Holdings Ltd.
- Seller
- Dentalcorp shareholders (including Graham Rosenberg, Nate Tchaplia, and certain partner dentists via rollover structures)
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
Funds affiliated with GTCR LLC acquired 100% of dentalcorp Holdings Ltd. through a statutory plan of arrangement, paying C$11.00 per share in cash. The transaction valued dentalcorp at approximately C$2.2 billion on an equity basis and C$3.3 billion on an enterprise value basis, and resulted in the company being taken private.
-
January 5, 2026
- Buyer
- United BioSource LLC (UBC)
- Target
- Evidinno Outcomes Research Inc.
- Industry
- Healthcare Services
- Location
- British Columbia, Canada
- Type
- Buyout
United BioSource LLC (UBC) has acquired Vancouver-based Evidinno Outcomes Research Inc., adding real-world evidence (RWE), epidemiology, evidence synthesis and HEOR capabilities to UBC's evidence-generation platform. Evidinno will operate as a wholly owned subsidiary of UBC; Fairmount Partners served as exclusive financial advisor to Evidinno.
-
November 26, 2025
- Buyer
- FluidAI Medical
- Target
- Emmetros Limited
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
FluidAI Medical acquired Emmetros Limited, the developer of the SparxConnect patient engagement platform, to integrate its capabilities into FluidAI's Stream Inara offering. The deal strengthens FluidAI's RISE surgical recovery suite by expanding patient education, continuous engagement, and post-discharge monitoring to support earlier discharge and improved recovery outcomes.
-
November 20, 2025
- Buyer
- GE HealthCare
- Target
- Intelerad
- Seller
- Hg Capital, TA Associates
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Buyout
GE HealthCare entered into an agreement to acquire Intelerad, a medical imaging software provider, for $2.3 billion in cash. The deal is intended to expand GE HealthCare’s cloud-first, AI-enabled enterprise imaging portfolio across outpatient/ambulatory, teleradiology, and hospital settings, while increasing recurring SaaS revenues.
-
November 4, 2025
- Buyer
- UPS
- Target
- Andlauer Healthcare Group Inc. (AHG)
- Seller
- AHG shareholders (including Michael Andlauer and Andlauer Management Group, controlling shareholder)
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Buyout
UPS has completed its $1.6 billion acquisition of Andlauer Healthcare Group Inc. (AHG), a Canadian-headquartered healthcare logistics provider. Under the terms of the deal, AHG shareholders received CAD $55.00 per share in cash for a total purchase price of approximately CAD $2.2 billion.
-
- Buyer
- DoseMe, Fairlong Capital
- Target
- Firstline
- Industry
- Healthcare Services
- Location
- British Columbia, Canada
- Type
- Buyout
DoseMe, a portfolio company of Fairlong Capital, has acquired Firstline, a Vancouver-based clinical decision support platform. The acquisition combines Firstline's infectious disease guidance and antimicrobial stewardship capabilities with DoseMe's model-informed precision dosing software to create an end-to-end clinical decision support solution for hospitals and health systems.
-
October 22, 2025
- Buyer
- Frontline Healthcare Partners
- Target
- Integracare Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
Frontline Healthcare Partners, a private equity firm focused on distributed healthcare businesses, has acquired a controlling interest in Integracare Inc., a private-pay home care provider headquartered in Toronto, Ontario. Frontline will partner with Integracare’s president and CEO Lee Grunberg to grow the business organically and via a dedicated acquisition strategy across Ontario and beyond.
-
October 15, 2025
- Buyer
- 123Dentist
- Target
- MCA Dental Group Limited
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Addon
123Dentist entered into a definitive agreement to acquire MCA Dental Group Limited, an Ottawa-based dental support organization with 27 locations across Ontario and Québec. After completion, MCA Dental Group’s corporate brand will be retired and operations will transition to 123Dentist under a unified brand.
-
- Buyer
- PharmaCorp Rx Inc.
- Target
- Acquired Pharmacy (Western Canada)
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Buyout
PharmaCorp Rx Inc. (TSXV: PCRX) completed the purchase of a 100% interest in an independent pharmacy located in Western Canada for CAD 2,400,000, funded with cash on hand. The deal is the company's fourth completed pharmacy acquisition and is being executed in conjunction with its strategic alliance with PharmaChoice Canada to grow PharmaCorp's network of bannered community pharmacies.
-
July 29, 2025
- Buyer
- Doximity, Inc.
- Target
- Pathway Medical Inc.
- Industry
- Healthcare Services
- Location
- Quebec, Canada
- Type
- Buyout
Doximity has acquired Montreal-based Pathway Medical Inc., a startup specializing in AI-powered clinical reference and decision support. The deal closed July 29, 2025 for $26 million in cash plus up to $37 million in equity grants (total consideration up to $63 million), bringing Pathway's physician-led AI team and datasets into Doximity's clinical product suite.
-
- Buyer
- WELL Health Technologies Corp.
- Target
- Personalized health / longevity clinic (Vancouver, British Columbia), Primary care and specialty clinic (Burnaby, British Columbia)
- Industry
- Healthcare Services
- Location
- British Columbia, Canada
- Type
- Buyout
WELL Health Technologies Corp. completed two acquisitions of clinics in British Columbia on July 1, 2025 — a personalized/ longevity-focused clinic in Vancouver and a large primary care and specialty clinic in Burnaby. The acquisitions are expected to add over C$12 million in annual revenue and roughly C$3 million in Adjusted EBITDA, supporting WELL's continued expansion of its Canadian clinics platform.
-
July 7, 2025
- Buyer
- VitalHub Corp.
- Target
- Novari Health Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
VitalHub Corp. has acquired Novari Health Inc., a Kingston-based provider of patient flow and referral management software, for total up-front consideration of $43.6 million plus potential performance-based consideration (up to $5.0 million earnout). The acquisition strengthens VitalHub's patient-flow and referral management capabilities and is expected to accelerate Novari's international expansion leveraging VitalHub's footprint, particularly in the UK.
-
May 26, 2025
- Buyer
- MDBriefCase, Think Research
- Target
- Postcall
- Seller
- Eric Wu, Ziming Yang
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
MDBriefCase, a Think Research subsidiary, has acquired Postcall, a fast-growing Canadian newsletter for physicians founded in 2023 by Eric Wu and Ziming Yang. The acquisition expands MDBriefCase's content offerings and audience reach across the medical community by adding Postcall's concise, weekly physician-focused newsletter.
-
May 5, 2025
- Buyer
- HGGC, Snapdragon Capital Partners, Leonard Green & Partners
- Target
- Fullscript
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Recapitalization
Fullscript, a healthcare platform powering whole-person care, announced an expanded investment from private equity firms HGGC and Snapdragon Capital Partners, supported by a continuation vehicle led by Leonard Green & Partners as sole lead investor. The financing provides liquidity options to existing investors while supplying capital to support Fullscript's next phase of growth and further development of its provider-facing platform and fulfillment capabilities.
-
April 3, 2025
- Buyer
- TopGum Industries, Ltd.
- Target
- Island Abbey Nutritionals
- Industry
- Healthcare Services
- Location
- Prince Edward Island, Canada
- Type
- Buyout
TopGum Industries, Ltd. completed its acquisition of Island Abbey Nutritionals, a Canadian CDMO specializing in supplement gummies and lozenges. The deal expands TopGum’s manufacturing and technological capabilities and is expected to push the combined revenue run-rate beyond USD 100 million.
-
April 2, 2025
- Buyer
- Mable Health Inc., SeaFort Capital
- Target
- Anderson Orthopedics
- Seller
- Matthew Joss, Dan Mazur, Peter ten Krooden, Jacques Swanepoel, Jasmine Martin, Kelsey Nolin
- Industry
- Healthcare Services
- Location
- Manitoba, Canada
- Type
- Addon
Mable Health, a national orthotics and prosthetics platform backed by SeaFort Capital, has acquired Winnipeg-based Anderson Orthopedics, expanding Mable's presence into Manitoba. Shareholders of Anderson Orthopedics will become shareholders of Mable Health and will continue operating clinics in Winnipeg and Brandon.
-
April 1, 2025
- Buyer
- WELL Health Technologies Corp.
- Target
- HEALWELL AI Inc., Orion Health Holdings Limited
- Seller
- Dr. Sven Grail, Dr. George Christodoulou
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Addon
WELL Health Technologies plans to amend and exercise its call right to acquire a majority controlling interest in HEALWELL AI (HEALWELL) concurrent with the anticipated closing of HEALWELL’s proposed acquisition of Orion Health on April 1, 2025. Following the exercise, WELL expects to begin consolidating HEALWELL from April 1, 2025 and to hold about 37% economic interest and about 69% voting interest in HEALWELL (non-diluted). Separately, HEALWELL completed the Orion Health acquisition on April 1, 2025 and WELL exercised the call right at the same time.
-
March 19, 2025
- Buyer
- Clario
- Target
- NeuroRx
- Industry
- Healthcare Services
- Location
- Quebec, Canada
- Type
- Buyout
Clario has acquired NeuroRx, a Montreal-based imaging analysis provider specializing in neuroimaging for clinical trials, to strengthen Clario's neuroscience capabilities. NeuroRx founder Douglas Arnold will join Clario as Senior Scientific Advisor as the company integrates NeuroRx's imaging expertise to support drug development in CNS indications.
-
January 14, 2025
- Buyer
- WELL Health Technologies Corp., CRH Medical Corporation
- Target
- Jack Nathan Health, Physicians For You, Harmony Anesthesia Staffing, Lonsdale Clinic, HealthPark (London, ON), Regional EMR (WELLSTAR acquisition), Healthcare technology services (WELLSTAR acquisition)
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Buyout
WELL Health Technologies completed seven acquisitions since December 2024 that together add approximately $100 million of annualized revenue, financed in cash. The deals include the acquisition of Jack Nathan Health (72-clinic network), physician recruitment platform Physicians For You, two primary care clinics (Lonsdale Clinic and HealthPark), two WELLSTAR technology assets (a regional EMR and a healthcare technology services business), and a 65% interest in Atlanta-based Harmony Anesthesia Staffing through its US subsidiary CRH.
-
January 6, 2025
- Buyer
- Myant Corp.
- Target
- mmHg Inc.
- Industry
- Healthcare Services
- Location
- Alberta, Canada
- Type
- Buyout
Myant Corp., a textile-computing and connected-health company based in Canada, has acquired mmHg Inc., a physician-led digital health firm specializing in remote blood pressure monitoring and cardiovascular risk management. The acquisition adds clinical-grade remote monitoring and cardiovascular analytics to Myant's offerings and expands Myant's market reach into the United States through mmHg's existing customer relationships and device partnerships.
-
December 17, 2024
- Buyer
- Kensana Health Inc.
- Target
- ABcann Medicinals Inc., MediPharm Labs Napanee Facility
- Seller
- MediPharm Labs Corp.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Divestiture
MediPharm Labs entered into a share purchase agreement to sell its Napanee, Ontario facility to Kensana Health for $5.5 million in cash. The deal will transfer all shares of MediPharm’s wholly owned subsidiary ABcann Medicinals Inc., including the Napanee Facility’s license and related building, land, and equipment.
-
November 15, 2024
- Buyer
- Neuronetics, Inc.
- Target
- Greenbrook TMS Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
Greenbrook TMS Inc. has received final Ontario Superior Court approval for its plan of arrangement under which Neuronetics will acquire all issued and outstanding common shares of Greenbrook. The transaction is expected to close before the end of November 2024, subject to customary closing conditions.
-
November 13, 2024
- Buyer
- Trive Capital, 808 Capital Partners
- Target
- Crunch Canada Holdings Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Growth capital
Trive Capital and 808 Capital Partners have invested in Crunch Canada Holdings Inc., the primary Crunch Fitness master franchisee in Canada headquartered in Cambridge, Ontario. The capital will support Crunch Canada’s club development and expansion plans across Ontario and Alberta and enable selective acquisitions to grow membership and footprint.
-
- Buyer
- WELL Health Technologies Corp.
- Target
- Jack Nathan Medical Corp.
- Seller
- Jack Nathan Medical Corp.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
WELL Health Technologies Corp. completed the acquisition of the Canadian clinical assets of Jack Nathan Medical Corp., adding a portfolio of owned and licensed clinics (rebranded as WELL Health Medical Centres) and rights to operate clinics in Walmart Canada locations. The deal expands WELL’s national clinic footprint (72 clinics in total per WELL’s release), adds physician capacity, and is expected to drive immediate synergies and EBITDA-positive performance in 2025.
-
November 4, 2024
- Buyer
- SNDL Inc.
- Target
- Indiva Limited (Indiva Group)
- Seller
- Indiva Group (selling entities under CCAA proceedings)
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
SNDL Inc. has successfully closed the acquisition of Indiva Limited’s business and assets under Indiva’s CCAA proceedings. The deal includes Indiva’s 40,000-square-foot cannabis edibles production facility in London, Ontario, along with a portfolio of brands and SKUs intended to expand SNDL’s position in the infused edibles category.
-
October 29, 2024
- Buyer
- VitalHub Corp.
- Target
- Strata Health Solutions Inc.
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Buyout
VitalHub Corp. has acquired Strata Health Solutions Inc., a Canada-based provider of patient flow and electronic referral software, for total up-front consideration of C$32.3 million plus potential performance-based consideration. The deal expands VitalHub’s healthcare software capabilities into the electronic referral and transitions-of-care market and adds Strata Health’s global customer footprint and recurring revenue base.
-
October 16, 2024
- Buyer
- Move Health Holdings Corp.
- Target
- Fountain Wellness
- Industry
- Healthcare Services
- Location
- British Columbia, Canada
- Type
- Buyout
Move Health Holdings Corp. has acquired Fountain Wellness, a multidisciplinary healthcare clinic and medical spa serving Delta and Surrey in the Lower Mainland of British Columbia. The acquisition brings med-spa and longevity services into Move Health’s portfolio and expands its in-person allied health and aesthetic service offering.
-
October 15, 2024
- Buyer
- INTEGRAcare Inc.
- Target
- Living Assistance Services (Burlington & Oakville franchise)
- Seller
- Maureen Gillies (Franchise Owner)
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
INTEGRAcare Inc., a Toronto-based private home healthcare provider, has acquired the Living Assistance Services franchise that operates in Burlington and Oakville, Ontario. The acquisition expands INTEGRAcare's geographic footprint in the Greater Toronto Area and brings additional in-home nursing and personal care services under its platform.
-
October 10, 2024
- Buyer
- Aditxt, Inc.
- Target
- Appili Therapeutics Inc.
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Buyout
Aditxt, Inc. announced that Appili Therapeutics shareholders will vote on a proposed acquisition of all issued and outstanding shares of Appili through a plan of arrangement. Appili’s board recommended shareholders vote in favor, and Aditxt intends to use Appili’s infectious disease pipeline (including the FDA-approved LIKMEZ) to expand its reach in combating life-threatening infections and biodefense threats.
-
October 2, 2024
- Buyer
- PharmaCorp Rx Inc.
- Target
- Acquired Pharmacy (Atlantic Canada)
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Buyout
PharmaCorp Rx Inc. (TSXV: PCRX) completed the acquisition of a 100% interest in a pharmacy business, including the associated land and buildings, located in Atlantic Canada for an aggregate purchase price of $15,377,013. The transaction was financed with $15,177,013 in cash and $200,000 in common shares and expands PharmaCorp’s roll-up of independent PharmaChoice Canada-affiliated pharmacies.
-
September 3, 2024
- Buyer
- Better Choice Company Inc.
- Target
- SRx Health Solutions Inc.
- Seller
- Securityholders of SRx Health Solutions Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
Better Choice Company Inc. (NYSE American: BTTR) signed a definitive all-stock agreement to acquire SRx Health Solutions Inc. for approximately $125 million. The deal would combine Better Choice's pet health business (Halo) with SRx's Canadian specialty pharmacy network, creating a broader health and wellness company and unlocking operational synergies and geographic/vertical expansion.
-
July 11, 2024
- Buyer
- North York LTD., BitcoinBlack
- Target
- Ask The Doctor
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
North York LTD., the owner of the BitcoinBlack membership platform, has acquired Ask The Doctor, a telemedicine and virtual-care platform. The acquisition will integrate Ask The Doctor's private telemedicine services and cryptocurrency payment capability into BitcoinBlack's member benefits.
-
- Buyer
- DAS Health Ventures, LLC (DAS Health)
- Target
- North American Digital Health division of an established Canadian digital transformation provider (unnamed)
- Industry
- Healthcare Services
- Location
- Canada
- Type
- Addon
DAS Health Ventures (a Sheridan Capital Partners portfolio company) acquired the North American Digital Health division of an established Canadian digital transformation provider, giving DAS Health a footprint in Canada and expanding its senior care-focused health IT capabilities. The division adds managed IT, cybersecurity, cloud hosting, integrations, and revenue cycle management services to DAS Health's offerings as an add-on to its existing platform.
-
July 9, 2024
- Buyer
- CPS Capital
- Target
- CloudMD Software & Services Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
CPS Capital, through an affiliate, completed a court-approved plan of arrangement to acquire all outstanding common shares of CloudMD Software & Services Inc., taking the company private for C$0.04 per share. The transaction will result in CloudMD being delisted from the TSX Venture Exchange as CPS Capital assumes ownership to pursue growth and operational objectives outside the public markets.
-
- Buyer
- Quest Diagnostics
- Target
- LifeLabs
- Seller
- OMERS
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
Quest Diagnostics has agreed to acquire LifeLabs from Canadian pension fund OMERS for approximately CAN$1.35 billion (approximately USD $985 million), including net debt. LifeLabs will retain its brand, Toronto-area headquarters, and management, and Quest expects the acquisition to expand its diagnostic footprint in Canada while enhancing service offerings and data security.
-
June 11, 2024
- Buyer
- HEALWELL AI Inc.
- Target
- VeroSource Solutions Inc.
- Industry
- Healthcare Services
- Location
- New Brunswick, Canada
- Type
- Buyout
HEALWELL AI Inc. has agreed to acquire VeroSource Solutions Inc. for total consideration of approximately $24.5 million in a two-step transaction (initial ~51% on July 1, 2024 and remaining ~49% expected about January 1, 2025), payable in cash, HEALWELL subordinate voting shares and a performance-based earn-out. VeroSource, a Canadian health-data interoperability and digital-front-door platform serving provincial health clients, is expected to generate over $8 million in 2024 with strong recurring revenue and margins and will expand HEALWELL's population-health and AI-driven capabilities.
-
- Buyer
- Mable Health Inc., SeaFort Capital
- Target
- V2 Innovations Ltd.
- Seller
- Shareholders of V2 Innovations Ltd.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Addon
Mable Health Inc., a Halifax-based healthcare platform backed by SeaFort Capital, has acquired Kingston-based V2 Innovations Ltd., extending Mable Health's orthotics and prosthetics operations into Ontario. V2 shareholders will become shareholders of Mable Health and the V2 team will continue providing prosthetics, orthotics, assistive devices and related care from their existing locations as Mable builds a national healthcare platform.
-
May 1, 2024
- Buyer
- Radformation, Inc.
- Target
- Limbus AI
- Industry
- Healthcare Services
- Location
- Saskatchewan, Canada
- Type
- Buyout
Radformation, a provider of automation solutions for radiation therapy, has acquired Limbus AI, a Canada-headquartered developer of AI-driven automated contouring software for radiation therapy. The acquisition combines Radformation’s broad clinical treatment planning footprint with Limbus AI’s automated contouring technology to accelerate product innovation and expand AI capabilities in cancer care.
-
- Buyer
- HEALWELL AI Inc.
- Target
- Intrahealth Systems Limited
- Seller
- WELL Health Technologies Corp.
- Industry
- Healthcare Services
- Location
- British Columbia, Canada
- Type
- Buyout
HEALWELL AI Inc. agreed to acquire Intrahealth Systems Limited from WELL Health Technologies Corp. for approximately $24.2 million, primarily paid in HEALWELL shares. The acquisition adds a mature, SaaS-based EHR platform supporting ~15,000 clinicians (expected >$12M revenue in 2024, >80% gross margins) and will be integrated with HEALWELL's AI tools to create an AI-powered EHR.
-
- Buyer
- NeuPath Health Inc.
- Target
- SIBI Medical Inc. (operating as London Spine Institute)
- Seller
- SIBI Medical Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
NeuPath Health Inc. (TSXV: NPTH) has closed the acquisition of the assets of SIBI Medical Inc., which operates as the London Spine Institute in London, Ontario. The asset purchase adds back, neck and spine specialists to NeuPath's clinic network, expanding its specialist capabilities and presence in the London, Ontario market.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.
Frequently Asked Questions
Who are the typical buyers in Canadian healthcare services deals?
Buyers include private‑equity firms, strategic healthcare platforms and digital health companies. Notable recent buyers are GTCR LLC, WELL Health Technologies Corp., SeaFort Capital, and specialist investors such as Frontline Healthcare Partners.
Which subsectors are attracting acquisitions?
Clinic and pharmacy roll‑ups, home‑care providers, orthotics/prosthetics platforms, and digital health capabilities (RWE/HEOR, clinical decision support, patient engagement and patient‑flow software) are active. Examples: dentalcorp Holdings Ltd., PharmaCorp Rx Inc., Integracare Inc., Novari Health Inc., and Mable Health Inc.
Where in Canada are most transactions taking place?
Recent deals are concentrated in Ontario and British Columbia, with additional activity reported in Quebec and Manitoba.
How are these transactions commonly structured?
Structures observed include strategic tuck‑ins and platform add‑ons, private‑equity take‑privates and minority rollovers or continuation financings. For example, GTCR LLC completed a take‑private of dentalcorp Holdings Ltd., and Fullscript received expanded private‑equity investment and a continuation vehicle.