Mednow Invests in Life Support Mental Health Inc. and Signs LOI to Acquire Ontario Medical Operation

Mednow Inc. Acquires Mednow Pharmacy Inc. (Mednow East)

April 1, 2022

Healthcare Services

Mednow Inc. (TSXV:MNOW) has completed the previously announced acquisition of all issued and outstanding voting shares of Mednow Pharmacy Inc. ("Mednow East") for approximately C$65,578 in cash and by converting approximately C$1,374,422 of intercompany debt into a non‑interest bearing convertible promissory note. Mednow East will be consolidated into Mednow's operations, the existing pharmacy agreement between the entities will be terminated, and the acquisition supports Mednow’s plan to expand its national presence and digital-first pharmacy services across Canada.

Loblaw / Shoppers Drug Mart Acquires Lifemark Health Group

March 17, 2022

Healthcare Services

Shoppers Drug Mart, a wholly owned subsidiary of Loblaw Companies Limited, agreed to acquire Lifemark Health Group from Audax Private Equity for C$845 million. Lifemark, a leading Canadian outpatient physiotherapy and rehabilitation provider with over 300 clinics and more than 5,000 employees, will expand Shoppers' healthcare services and create a broader continuum of care across Loblaw's retail and digital health network.

Mednow Inc. Acquires London Pharmacare Inc. and Liver Care Canada Inc.

February 23, 2022

Healthcare Services

Mednow Inc. completed the acquisitions of London Pharmacare Inc. and Liver Care Canada Inc., expanding its specialty pharmacy and clinical services footprint. The transactions (related-party in part) are expected to increase Mednow's patient base, add specialty physician relationships and integrate the targets into Mednow's technology and fulfillment operations.

Mednow Inc. Acquires Mednow Pharmacy Inc. (Mednow West)

October 26, 2021

Healthcare Services

Mednow Inc. completed the acquisition of all issued and outstanding shares of Mednow Pharmacy Inc. ("Mednow West"), consolidating the British Columbia online pharmacy into its national virtual-pharmacy platform. The purchase involved an aggregate cash payment of approximately $74,000 and conversion of about $908,000 owed by Mednow West into a convertible promissory note; the move supports Mednow's geographic expansion across Canada.

Mednow Acquires Medvisit (Doctors Housecall Service)

August 6, 2021

Healthcare Services

Mednow Inc. acquired 2716725 Ontario Inc. doing business as Medvisit for $1.32 million in cash at closing plus an earn-out of up to $680,000 tied to profitability. Medvisit, Canada’s largest doctor house-call service with a network of over 100 doctors, ~30,000 patient home visits per year and a ~400,000 patient database, will be integrated with Mednow’s virtual pharmacy and telehealth services to expand in‑home care capabilities in Ontario (GTA).

Hub International Acquires LSM Insurance Services Ltd.

March 5, 2020

Insurance

Hub International Limited has acquired LSM Insurance Services Ltd., a Markham, Ontario-based online provider of life and health insurance solutions that specializes in the hard-to-insure market. Terms were not disclosed; Lorne Marr, owner and director of LSM, will join Hub Financial Inc. as part of the transaction as Hub continues to expand its geographic footprint and product capabilities in Canada.