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Dialogue Health Technologies Acquires Tictrac To Introduce Wellness Offering To Its Integrated Health Platform™

Apr 13, 2022over 3 years ago

Acquiring Company

Dialogue Health Technologies

Acquired Company

Tictrac

Description

Dialogue Health Technologies Inc. (TSX: CARE) ("Dialogue" or the "Company"), Canada's premier virtual healthcare and wellness platform, is pleased to announce that it has reached an agreement to acquire London, UK-based Tictrac Ltd. ("Tictrac") for up to $56 million1, subject to certain conditions and customary adjustments. Tictrac is a SaaS-based provider of a global health and wellness platform that enables healthier living for everyone. Tictrac supports employers and insurance partners, engaging their employees and customers to improve overall wellness, and driving positive outcomes through meaningful insights. The transaction is expected to close within 30 days and is subject to customary conditions for a transaction of this nature.

Company Information

Company

Dialogue Health Technologies

About

Dialogue is Canada's top virtual healthcare provider, serving millions of Canadians across 25,000+ organizations. Quick access to top medical professionals.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed