Companies

OTTAWA – Fullscript, a pioneer in the distribution and analysis of nutritional supplements said it had acquired a major competitor, Emerson Ecologics of New Hampshire. “This is a transformative deal for us,” said Fullscript CEO and co-founder Kyle Braatz (pictured). “We both have the same mission, which is to make sure healthcare is a long-term journey, not a series of short-term fixes.” Read More

BRAMPTON, Ont. – Loblaw Companies Limited announced its wholly owned subsidiary, Shoppers Drug Mart has agreed to acquire Lifemark Health Group. Lifemark is a leading provider of outpatient physiotherapy, massage therapy, occupational therapy, chiropractic, mental health, and other ancillary rehab services through its more than 300 clinics across Canada. Read More

CHICAGO – Allscripts Healthcare Solutions announced that it has reached an agreement with Toronto-based Constellation Software Inc., through its wholly-owned subsidiary N. Harris Computer Corp., to sell Harris the net assets of Allscripts Hospitals and Large Physician Practices business segment. Read More

TORONTO – FlexITy is excited to announce its second acquisition in the last six months illustrating its commitment to executing on its Mergers & Acquisition growth strategy. FlexITy acquired the healthcare division of Genesis Integration Inc., a Canadian provider of nursecall systems, based in Edmonton, Alberta. This purchase is one in a series of acquisitions aligned with FlexITy’s growth strategy and reinforces the organization’s commitment to the modernization of the Canadian Healthcare industry. Read More

VANCOUVER and MONTREAL – Imagia Cybernetics, an AI-healthcare company that accelerates oncology solutions generated from real world data, has announced a merger with Canexia Health, an oncology innovator that streamlines complex cancer genomic information allowing oncologists to identify optimal treatment selection and patient monitoring. Read More

KITCHENER, Ont. – Cloud DX has announced the launch of its Cloud XR division to support the emerging medical Metaverse. The company is pursuing opportunities to deliver its Virtual Clinician Assistant in an eXtended Reality platform consisting of its VITALITI continuous vital sign monitor and Connected Health software platform to render realistic 3D holographic images. Read More

KITCHENER, Ont. – Hyivy Health, an innovative FemTech Forge client developing a first-of-its-kind pelvic health rehabilitation system has raised $1.1 million in pre-seed funding. The innovative pelvic health technology includes a multi-therapy vaginal wand, patient app, and clinician software created with the mission to address the unmet needs of the 1-in-3 women who are suffering from incurable pelvic health-related illnesses. Read More

NEW YORK – International Business Machines agreed to sell part of its IBM Watson Health business to private equity firm Francisco Partners, scaling back the technology company’s once-lofty ambitions in healthcare. The value of the assets being sold, which include extensive and wide-ranging data sets and products, and image software offerings, is more than $1 billion, according to people familiar with the plans. Read More

KALAMAZOO, Mich. – Stryker announced a definitive merger agreement to acquire all of the issued and outstanding shares of common stock of Vocera Communications for a total equity value of approximately $2.97 billion and a total enterprise value of approximately $3.09 billion (including convertible notes). Read More

ARMONK, NY – IBM may be close to finding a buyer for IBM Watson Health, with hopes of fetching more than $1 billion, according to the Axios online news service. IBM now wants out of healthcare, after spending billions to stake its claim, just as rival Oracle is moving big into the sector via its $28 billion bet for Cerner. Read More