DOCRF - CloudMD to Acquire IDYA4 for $14.8M

CloudMD Software & Services (DOCRF) signed a binding term sheet to acquire IDYA4, data integration and cybersecurity company based in the U.S focusing on the health and wellness sector, for $14.8M with $3.7M in cash, $6.66M in shares and performance based payout of $4.4M.IDYA4 software and team will immediately help accelerate CloudMD's integration of its healthcare technology solutions to provide one, digitally connected platform to enable team-based, continuity of care and an ecosystem of healthcare providers focused on the overall health and wellness of the patient.CloudMD will be able to leverage IDYA4's already existing relationships and cross-sell its suite of healthcare solutions and enterprise healthcare platform to these clients.Based on the 9-month period ending Sep.31.2020, IDYA4's current annualized revenue run rate is ~$4.1M with EBITDA margins of 36%; on closure, the acquisition of IDYA4 will be immediately accretive to CloudMD with synergies through cost savings.From IDYA4's currently commercialized products, the

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CloudMD to Acquire IDYA4 for $14.8M