Published: January 06, 2021
Updated: January 06, 2021
BDO’s M&A and Capital Markets team is pleased to announce that that WELL Health Technologies Corp. (TSX: WELL) (“WELL”) has acquired 100% of the shares of Adracare Inc. (“Adracare”).
Adracare is an omni-channel virtual care, patient engagement, and practice management platform serving over 6,800 healthcare practitioners in Canada, the United States, the United Kingdom, Australia, and New Zealand. Adracare's largest customer sectors include mental health, medicinal cannabis, and physical therapy.
BDO’s M&A and Capital Markets team acted as exclusive financial advisor to Adracare, assisting the company’s shareholders throughout the entire divestiture process.
Congratulations to both Adracare and WELL.
"The BDO Team approached our transaction as if it was the most important one to them. They were incredibly strategic from an M&A perspective, relentless in maximizing stakeholder value and diligent in all aspects of running a sale process for our small, privately held, SaaS company in its sale to a large public company consolidator. We couldn’t have gotten this one across the finish line without their consistent, thoughtful and steadfast belief in our people, asset and vision."