Companies

TORONTO – Medchart announced it has raised $17 million in funding led by Crosslink Capital and Golden Ventures, with additional funds from Vast Ventures, Union Ventures, iGan Partners, Stanford Law School, and Nas, an original backer. The company will use the funds to accelerate product innovation and hire new talent to meet the widespread demand for businesses to get patient-authorized health information. Read More

KITCHENER, Ont. – Kitchener-based MedTech startup, NERv Technology Inc., has raised a $2.65 million US to build the company and allow NERv to secure regulatory approval, complete clinical studies, and establish its manufacturing line. Read More

TORONTO – Cloud DX Inc. announced the commencement of trading on Thursday April 15th, 2021, on the TSX Venture Exchange under the ticker symbol CDX. The company’s listing is the result of the successful Qualifying Transaction (as defined in the CPC Policy) with Roosevelt Capital Group Inc., which included an oversubscribed brokered private placement of approximately $6.1 million. Read More

VANCOUVER – CloudMD Software & Services Inc., a healthcare technology company modernizing the delivery of care, has signed an agreement to acquire Oncidium Inc., one of Canada’s leading healthcare providers to employers. Oncidium has built a difficult-to-replicate ecosystem of over 500 clients, more than 1,000 healthcare providers and medical assessors, and its clients with over 2 million employees across the country. Read More

REDMOND, Wash., and BURLINGTON, Mass. – Microsoft Corp. and Nuance Communications, Inc. announced they have entered into an agreement under which Microsoft will acquire Nuance for $56.00 per share, in an all-cash transaction valued at $19.7 billion, inclusive of Nuance’s net debt. Read More

TORONTO – HealthHub Patient Engagement Solutions and Voyce are pleased to announce a partnership that enables healthcare access for underserved demographics in Canadian hospitals by eliminating language barriers between hospital staff and patients. Read More

MONTREAL – Logibec Inc. announced that it has entered into an agreement to acquire QoC Health, an Ontario-based company. The transaction supports Logibec’s growth in Canada and consolidates its innovative position in the healthcare sector by adding virtual care solutions to its offerings. Read More

VANCOUVER – UK-based health-tech company Babylon Health is selling its Canadian operations to TELUS Health. According to reports on the Internet, the deal is said to be worth about $70 million. Read More

OTTAWA – Calian Group Ltd., has extended its digital healthcare and cybersecurity offerings through the acquisition of Dapasoft Inc, a leading provider of innovative systems integration, cloud lifecycle management and cybersecurity solutions. Read More

OTTAWA – Aetonix, a telehealth company whose aTouchAway videoconferencing system allows users to securely communicate with healthcare workers and family members at the touch of a screen, has been acquired by Trudell Medical, of London, Ont. Read More