Montreal-based ELNA Medical, Canada’s largest integrated network of medical clinics, announced on November 10 its acquisition of m-Health Solutions in Hamilton, Ontario. ELNA’s acquisition of m-Health Solutions follows its investment earlier this year in virtual care provider MD Connected.
CIBC Mid-Market Investment Banking acted as exclusive financial advisor to m-Health Solutions.
m-Health Solutions has been a leading remote health diagnostics and monitoring solution for ambulatory patients since 2010. Used by more than 4,300 physicians and specialists in more than 60 hospitals and medical establishments across Ontario, m-Health Solutions provides in-home cardiac diagnostic and real-time monitoring systems.
ELNA Medical has more than 800 medical professionals in 61 primary and specialty healthcare and occupational health clinics under the private and public healthcare systems.
According to the LevinPro HC database, this marks the 300th eHealth transaction of the year as of November 10, 2022 and the 13th in the remote patient monitoring (RPM) subsector. This is already an 18% increase over the 11 transactions announced in the RPM subsector during the same 2021 period.
