Mergers and Acquisitions

MindBeacon in its acquisition by CloudMD

MindBeacon
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Alex Gorka

Partner, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

Taylor Cao

Associate, Tax, Toronto

Irene Kang

Associate, Tax, Toronto

Susan Newell

Partner, Health, Toronto

On January 14, 2022, MindBeacon completed its acquisition by CloudMD for $116 million. The acquisition will combine MindBeacon’s mental health services into CloudMD’s Comprehensive Integrated Health Services platform, creating a fully-integrated health offering. The transaction will drive expansion in the US and provides a combined network of 5,500 corporate clients.

MindBeacon is one of the first commercially available, digitally-native platforms offering therapist-assisted internet-based Cognitive Behavioral Therapy in Canada.

CloudMD is focused on leveraging healthcare technology to serve patients across North America.

Osler, Hoskin & Harcourt LLP advised MindBeacon with a team consisting of Shahir Guindi, Alex Gorka, Marisa Corona, Bhavish Beejan (Corporate), David Davachi, Taylor Cao, Irene Kang (Tax) and Susan Newell (Health).

Value
$116 million
Date Closed
January 14, 2022
Lead Office
Montréal
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Alex Gorka

Partner, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

Taylor Cao

Associate, Tax, Toronto

Irene Kang

Associate, Tax, Toronto

Susan Newell

Partner, Health, Toronto