representative work

CloudMD Announces Go-Private Transaction

05/15/2024

On May 15, 2024, CloudMD Software & Services Inc., an innovative health services company transforming the delivery of care, announced that it had entered into an arrangement agreement pursuant to which CPS Capital, through an affiliate, will acquire all of the outstanding common shares of CloudMD for cash consideration of $0.04 per common share.

Subject to certain approvals, the transaction is expected to close at the beginning of July 2024. Upon the closing of the transaction, CloudMD shares will be delisted from the TSX and CloudMD will apply to cease to be a reporting issuer in applicable provinces in Canada.

Cassels is acting for CloudMD.