Carebook Technologies Inc., a Montreal-based digital health and virtual care solutions provider, is acquiring CoreHealth Technologies Inc., a Kelowna, B.C.-based global corporate wellness platform, for $9 million on a cash-free and debt-free basis.
CoreHealth provides health and wellness programs for corporate wellness companies, major insurers, human resources consulting firms, employee assistance program providers, health systems, population health management providers, group benefits brokers, health coaching providers and large employers.
“With the acquisition of CoreHealth, combined with our recent acquisition of InfoTech, we have . . . significantly extended our global reach,” said Pascale Audette, Carebook’s chief executive officer, in a press release. “These acquisitions provide Carebook with significant opportunities for growth.”
According to the release, the acquisition provides Carebook with multiple benefits, including more than $3 million in annualized revenue, ownership of strategically significant technology and a customer base that includes more than two million license holders worldwide.