LifeSpeak Acquires ALAViDA Health Ltd.

October 14, 2021

LifeSpeak Inc. (TSX: LSPK) has completed the acquisition of ALAViDA Health Ltd., a virtual SaaS provider of cognitive-behavioral therapy solutions for substance use disorders, for total consideration of $12 million ( $7M cash + up to $5M earnout). The deal expands LifeSpeak's behavioral health capabilities and creates cross-sell opportunities between ALAViDA's on-demand SUD platform and LifeSpeak's global mental health and wellbeing customer base.

Targets
ALAViDA Health Ltd.
Location
British Columbia, Canada
Transaction Type
Buyout

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