Return to search

VC-backed Maple snaps up virtual healthcare brand Wello

Maple has acquired Wello, a Calgary-based virtual healthcare brand managed by Inliv, an affiliate of Coril Holdings.

Maple has acquired Wello, a Calgary-based virtual healthcare brand managed by Inliv, an affiliate of Coril Holdings. No financial terms were released for the deal, which will see Coril become a Maple shareholder. Maple, a Toronto-based provider of virtual care solutions, in 2020 raised a C$75 million investment from Shoppers Drug Mart. Its other backers include Acton Capital, MaRS Investment Accelerator Fund and SE Health.

PRESS RELEASE

TORONTO, Jan. 12, 2022 /CNW/ – Maple, one of North America’s fastest-growing companies and Canada’s leading virtual care platform, is pleased to announce the acquisition of Wello, a virtual healthcare brand managed by INLIV Inc. INLIV Inc. is a wholly-owned subsidiary of Coril Holdings Ltd.

Based in Calgary, Alberta, Wello provides access to virtual primary medical care, in all Canadian provinces and territories, to employees of over 350 companies ranging from Fortune 100 companies to small businesses. Launched in 2017, Wello integrates comprehensive expertise in primary medical care, executive health, and corporate health and wellness with technology to seamlessly deliver virtual healthcare to its customers’ employees.

“We are pleased to announce the acquisition of Wello and are excited to have their large network of clients join the Maple platform. Wello has a prestigious client and partner base across Canada, including their home market of the western provinces. We look forward to providing these customers and employees with the best virtual care experience available,” said Brett Belchetz, CEO and Co-founder of Maple. “In addition, we are proud to welcome Coril Holdings, one of Canada’s oldest and most successful family businesses, to our group of shareholders.”

“We are excited to be joining forces and becoming part of the Maple family. Our organizations and teams have a shared purpose of tackling some of the world’s most meaningful issues in healthcare and providing solutions that make a difference in people’s lives and to their families,” said Vince Danielsen, CEO of INLIV Inc.

“We are thankful to the Wello team and proud of the impact they have in growing accessibility to healthcare for thousands of people across Canada,” said Mike Mannix, Executive Vice President, Corporate and Venture Development for Coril Holdings. “This acquisition by Maple strategically builds on that success, resulting in a stronger combined company with a broader offering of virtual healthcare and mental health solutions. We are confident that the Maple team shares our goals of service excellence, responsible innovation, and growth and we look forward to supporting Maple’s success.”

About Maple
Maple is a technology platform that tackles some of the world’s most meaningful issues in healthcare, starting with timely and convenient access to doctors and other healthcare providers including dermatologists, psychiatrists, and oncology navigation experts. This platform enables patients to connect directly with doctors and specialists for medical care in minutes from their smartphone or computer 24/7, in addition to providing custom technology solutions for employers, insurers, hospitals, and clinics. Learn more at getmaple.ca.