The Toronto-based digital wellness platform said it paid $7 million in cash with up to $5 million more to be paid in the future for ALAViDA, a virtual-care provider for people with substance-abuse issues. (The Logic)
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The Toronto-based digital wellness platform said it paid $7 million in cash with up to $5 million more to be paid in the future for ALAViDA, a virtual-care provider for people with substance-abuse issues. (The Logic)
Talking point: LifeSpeak went public on the TSX in July, raising $90 million in its initial public offering and $35 million in a secondary offering. The company planned to use much of its proceeds for acquisitions. On Tuesday, LifeSpeak announced it had acquired Montreal-based Lift Digital, a digital platform that offers virtual fitness classes, paying $15 million. While the company’s shares haven’t surpassed their $10 IPO offering price since hitting the public markets, they rose on the news of this week’s acquisitions.
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