Think Research Corp. acquires MDBriefCase Group Inc.
Jan 19, 2021, 03:14 EST
TORONTO, Jan. 18, 2021 – Think Research Corporation, a company focused on transforming healthcare through integrated digital health solutions, today announced that it has entered into a share purchase agreement to acquire all of the issued and outstanding shares of MDBriefCase Group Inc. (“MDBriefCase”), a leading provider of online continuing medical education (CME) and professional development solutions for clinicians and a portfolio company of Persistence Capital Partners.
Through this transaction (the “Transaction”), Think Research will be uniquely positioned to educate clinicians internationally on the latest evidence and protocols and also to provide them with the digital tools required to immediately deploy that knowledge into their practice, thereby improving patient care, safety and outcomes.
The combination of Think Research and MDBriefCase is expected to create a valuable data feedback loop where data collected through frontline clinical tools can monitor how a clinician’s practice has changed as a result of CME and other programs, and whether adjustments need to be made to further improve CME courses or clinical decision support tools.
The Transaction builds on the Company’s momentum and scale following the commencement of its listing on the TSX Venture Exchange (the “TSXV”) on December 30, 2020 and the announcement on January 4, 2021 of its proposed acquisition of Clinic 360 Inc., a Toronto-based innovator and leader in the fields of cosmetic surgery and elective surgery.
Sachin Aggarwal, CEO of Think Research, said, “I am very excited about what Think Research can accomplish with MDBriefCase. We are driven to transform healthcare through integrated digital health solutions. That transformation can only occur with scale. With the addition of MDBriefCase, Clinic 360 and HealthCare Plus to the Think Research family, we have nearly doubled the size of the business with trailing pro forma revenue to more than $36M. Through these acquisitions, we are also adding exceptional talent to our team in anticipation of pursuing new opportunities in the digital health sector.”
Together, Think Research and MDBriefCase reach a vast network of global healthcare professionals. Think Research’s existing digital health solutions are currently being used by more than 28,000 clinicians around the world, and MDBriefCase, through its innovative partnerships with pharmaceutical sponsors, offers high-quality content to more than 270,000 members in Canada, Europe, Australia, Africa and the Middle East. mdBriefCase’s significant technology portfolio also boasts digital learning and education assets, including a sophisticated learning management system (LMS).
Jason Flowerday, CEO of MDBriefCase, said, “The combination of Think Research and MDBriefCase is transformative for both companies and, most importantly, for our industry sponsors that leverage CME to support clinicians and other healthcare providers. With Think Research, our ability to provide a solution that leverages industry-leading digital healthcare technology will accelerate the education of clinicians around the world on the latest evidence and best practices that are aimed at measuring and improving patient outcomes.”
About Think Research Corporation
Think Research is an industry leader in delivering integrated digital healthcare solutions. The Company’s focused mission is to organize the world’s health knowledge so everyone gets the best care. Its evidence-based healthcare technology solutions support the clinical decision-making process, standardize care, and improve patient outcomes. For over a decade, Think Research’s cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care – including primary physician care, acute care hospitals and surgical suites as well as community and seniors care. Think Research is proud to serve as a trusted health system partner to a rapidly growing, global client base that spans three continents and more than 2,200 healthcare facilities.
About MDBriefCase Group Inc.
MDBriefCase Group Inc. specializes in developing online, accredited and unaccredited continuing professional development for healthcare professionals. The company partners with prestigious regional and international medical associations to ensure its innovative education programs reflect the local experiences of healthcare professionals around the world. Its programs are peer-reviewed by clinical specialists to ensure balance and applicability to practice. Over 270,000 healthcare professionals have access to the latest evidence-based information and guidelines to improve local patient care. For more information, visit MDBriefCase’s website at: www.mdbriefcase.com
Janet Kimura, SVP, MDBriefCase Group Inc., (firstname.lastname@example.org)