Sun Life Canada has agreed to acquire Dialogue, a virtual health-care platform, aiming to enhance access to healthcare for Canadians and address growing demands for digital health solutions.
Target Information
Dialogue is a virtual health-care and wellness platform that claims to provide affordable, on-demand access to quality health care. With the ability to service employees and organizations across Canada and internationally, Dialogue boasts a membership of nearly 2.8 million individuals from over 50,000 organizations. Its headquarters are located in Montréal, and the company focuses on enhancing access to health care for a growing number of Canadians.
With a comprehensive suite of services available 24/7, Dialogue addresses various health care needs, including physical health and mental health support through its Mental Health+ program, as well as employee assistance programs. The platform's focus is on creating an accessible environment for individuals seeking care while also accommodating employer-sponsored health plans.
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Industry Overview in Canada
The Canadian health care landscape is increasingly demanding solutions that bridge the gap between public and private health services. An April 2023 survey revealed that approximately 6.5 million Canadians lack a regular family physician or nurse pra
Similar Deals
Sun Life Canada
invested in
Dialogue
in 2023
in a Other VC deal
Disclosed details
Transaction Size: $43M
Revenue: $106M
Net Income: $-3M
Equity Value: $33M
Multiples
P/E: -12.1x
P/Revenue: 0.3x