Wednesday, October 8, 2025

Latest

CloudMD To Acquire MindBeacon For $116 Million In Cash And Shares

CloudMD Software & Services (TSXV: DOC) appears to be taking a page out of Well Health’s playbook, announcing this morning it will be acquiring a publicly traded firm as it looks to continue to backfill its valuation. The firm has reached a definitive agreement to acquire MindBeacon Holdings (TSX: MBCN).

MindBeacon, a digital mental healthcare platform, is set to be acquired by CloudMD for a total figure of $116 million. Consideration is to consist of cash and shares, with shareholders to receive $1.22 in cash per share held, as well as 2.285 common shares of CloudMD. Collectively, consideration is said to have a value of $4.78 per share, representing a premium of 49% to the volume weighted average price of MindBeacon.

The transaction is claimed to be synergistic, resulting in a clinical health platform that is expected to be a fully integrated health offering that has “significant cross selling opportunities.” Immediate synergies of $2.0 million have reportedly been identified, with the company expecting a consolidated revenue run rate of $185 million upon closing.

The arrangement remains subject to shareholder approval.

CloudMD last traded at $1.60 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

CloudMD To Conduct Review On VisionPros Purchase Following Receipt Of Claims

It appears that CloudMD’s (TSXV: DOC) $60 million acquisition of VisionPros last year is already...

Monday, January 24, 2022, 08:31:06 AM

Canaccord Raises CloudMD Price Target To $2.50 Following Financing

Yesterday, CloudMD Software & Services (TSXV: DOC) closed a $20.79 million financing lead by Canaccord...

Wednesday, September 23, 2020, 12:18:00 PM

CloudMD Sells Off Remaining EMR Assets For US$6.3 Million

CloudMD Software & Services (TSXV: DOC) continues to shed assets as it looks to achieve...

Tuesday, July 4, 2023, 09:10:00 AM

CloudMD Posts $8.8 Million In Revenue, $5.3 Million Net Loss For Q1 2021

CloudMD Software & Services Inc. (TSXV: DOC) last night released its Q1 2021 financial results,...

Friday, May 28, 2021, 09:29:00 AM

CloudMD Announces Immediate Resignation Of CFO For Personal Reasons

CloudMD (TSXV: DOC) this morning announced the transition of its chief financial officer, Daniel Lee....

Tuesday, February 1, 2022, 09:01:43 AM