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Virtual health care for the long term

Virtual health care for the long term
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CloudMD to Acquire Oncidium, One of the Largest Healthcare Providers to the Employer Market in Canada


CloudMD to Acquire Oncidium, One of the Largest Healthcare Providers to the Employer Market in Canada
Increases CloudMD’s annualized revenue run rate to over $120 million with positive Adjusted EBITDA
CloudMD Software & Services Inc.
Oncidium is one of Canada’s leading health management companies with a loyal client base of over 500 corporate and public sector clients across various industries
This transformative acquisition expands CloudMD’s National footprint to include 5,500 clients, 8,500 direct healthcare providers and over 5 million individual lives touched
The $100 million transaction value (including the full performance-based earnout) represents CloudMD’s largest acquisition to date; upfront consideration implies a valuation multiple of ~1.8x last twelve months (“LTM”) ....

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CloudMD Closes Acquisition of Canadian Medical Directory, the Largest Medical Directory in Canada


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VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) CloudMD Software & Services Inc. (TSXV:DOC, OTCQB:DOCRF, Frankfurt: 6PH)) (the
Company or
CloudMD ), a telehealth company revolutionizing the delivery of healthcare to patients, is pleased to announce that it has closed the previously announced acquisition of Canadian Medical Directory (
CMD ), Canada s largest, most trusted, directory of medical professionals including 91,000 practicing physicians and 10,000 residents and nurse practitioners across the country. The robust, multi-layered database is genuinely unique as no other direct competitor has a SaaS platform that collects and vends the data in such a highly segmented, up-to-date way.
CMD has been trusted as the gold standard for up-to-date information on all medical professionals across Canada in a standard national format. CMD is Canada s leading source for profile and contact information on practicing physicians, specialists ....

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