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MDBilling.ca has been acquired by RBC Ventures
About the client
MDBilling.ca, a cloud-based medical billing platform, was created in 2008 to help solve a major pain point for physicians—allowing them to spend more time with patients and less time on administrative work. Now used by 9,000 physicians across Ontario and British Columbia, the Toronto-based business has helped to alleviate the burden of medical paperwork with its convenient mobile and web billing applications.
Our transactions team worked with the MDBilling.ca owners as they contemplated selling their business. We worked alongside the owners to help ensure their selling interests were met while supporting them through a timely and efficient divestiture process. We assisted with a range of services including cybersecurity, tax structuring, and due diligence, as well as connected the owners with our network of professional contacts.
Today, MDBilling.ca is a part of Dr. Bill, another medical billing company acquired by RBC Ventures in 2020. Together, they’ve combined forces to make billing simpler for physicians—so they can continue to put patients first.
Deal summary
Client
MDBilling.ca
Transaction type
Divestiture
Services provided
M&A
Sector
Software Development
Close date
October, 2022
The client experience
“We worked with the Transactions team, and several other advisors at Grant Thornton, who offered deep expertise in the areas we needed help with to sell our business. With their support, we could move forward with confidence after they helped us assess the initial offer. We couldn’t be happier with how the transaction process was handled and we’d certainly work with the team again in the future. We’re excited for this next chapter in our story as we help to make the payment process easier for physicians across Canada.”
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