representative work

CloudMD Acquires MindBeacon, Creating One of North America’s Most Comprehensive Integrated Health Offerings


On January 14, 2022, CloudMD Software & Services Inc., a healthcare technology company transforming the delivery of care, acquired MindBeacon Holdings Inc., one of North America’s leading providers of digital mental health care, for approximately $116 million. MindBeacon shareholders received $1.22 of cash plus 2.285 common shares of CloudMD for each common share of MindBeacon.

Pursuant to the arrangement, CloudMD has 287,675,749 common shares issued and outstanding, of which approximately 19.1% are owned by former MindBeacon shareholders.

Cassels acted for CloudMD.