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).