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CloudMD Software & Services Inc. Mind Beacon CloudMD to Acquire MindBeacon , One of North America's Leading Clinically - Validated iCBT Solutions . Combined digital health platform will be one of North America's leading fully- integrated health offerings , with a clinically - validated , broad continuum of care to address mild , moderate , acute and chronic mental and physical care CloudMD's already established mental health platform offering assessment and navigation paired with MindBeacon's clinically - proven iCBT and other solutions provide users with streamlined access to effective stepped care • • • CloudMD's Digital Health Services division and network of over 20,000 regulated healthcare professionals complements and accelerates the adoption of MindBeacon's " Beacon in a Box " white label internet - based cognitive behavioural therapy ( " iCBT ” ) SaaS offering Accelerates U.S. expansion through additional capabilities , modalities , cross selling synergies and MindBeacon's recent acquisition of a U.S. - based mental health provider One of the fastest growing healthcare segments , the global behavioural healthcare market is expected to grow to US $ 242 billion by 2027 , with CAGR growth of 5.02 % between 2020 and 2027¹ • Adds scale and strengthens CloudMD's financial profile - combined company will have annualized revenues of approximately $ 185 million ( a 19 % increase from CloudMD's current revenue run rate of $ 155 million ) , as well as improved gross margin of 35 % • CloudMD to offer $ 4.78 in cash and share consideration per MindBeacon share , resulting in an implied purchase price of $ 116 million • The implied transaction enterprise value is approximately $ 62 million , representing an enterprise value to 2022 expected revenue multiple of 1.9x ● CloudMD is projected to have cash on hand exceeding $ 60 million , post - close VANCOUVER , BC and TORONTO , ON , November 15 , 2021 Cloud MD Software & Services Inc. ( TSXV : DOC , OTCQB : DOCRF , Frankfurt : 6PH ) ( " CloudMD " ) and MindBeacon Holdings Inc. ( TSX : MBCN ) ( " MindBeacon " ) , jointly announce they have entered into a definitive arrangement agreement ( the " Arrangement Agreement " ) under which CloudMD will acquire all of Mind Beacon's issued and 1 https://www.globenewswire.com/news-release/2021/01/06/2154290/0/en/Behavioral-Health-Market-to-Garner-Growth-at- 5-02 - by - 2027.html