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Canada-based CloudMD Software & Services Inc. acquired MindBeacon and its internet cognitive behavioral therapy (iCBT) platform in a deal valued at $116 million. CloudMD’s Integrated Health Services Platform offers a single point of access to a full range of mental and physical health services, providing users with a seamless experience and clients with meaningful data and analytics. Its proprietary mental health platform offers assessment, navigation, coaching, and work life services. MindBeacon provides iCBT, virtual therapy, and assessment solutions.

CloudMD anticipates that the acquisition will accelerate CloudMD’s U.S. presence through expanded behavioral health capabilities, modalities, cross-selling . . .

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