CloudMD
CloudMD operates Kii Health, an integrated digital workplace health platform offering navigation, mental health, disability management, and occupational health services to Canadian employers, insurers, brokers, and government clients. The company was taken private by CPS Capital in July 2024.
- Company typePrivate
- Founded2013
- HeadquartersMarkham, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What CloudMD does
CloudMD Software & Services Inc. is a Canadian healthcare technology and services company that built an integrated digital health platform, branded today as Kii Health, focused on workplace health assurance. The platform combines navigation, personalized coaching, mental health support, disability and absence management, workplace injury management, occupational health, and assessment/decision support into a modular offering sold to employers, insurers, brokers, and government clients. Core delivery relies on human health navigators, clinicians, and coaches augmented by digital tools, with one named AI capability—an AI-powered nurse-job matching engine (Trusted Works) inherited from the MindBeacon acquisition.
The company was assembled through an aggressive 2020-2022 acquisition roll-up that brought in specialty drug management (Rxi), healthcare services and health technology (VisionPros), and digital mental health (MindBeacon), and it pursued expansion into the U.S. market via the MindBeacon deal. Its go-to-market is primarily B2B enterprise sales to large corporate and government clients, supplemented by broker/advisor and insurer channel partnerships.
In July 2024, CloudMD completed a court-approved go-private transaction with CPS Capital at C$0.04 per share and was delisted from the TSX Venture Exchange, becoming a privately held entity under private equity ownership. Public pricing and revenue disclosure is no longer available, and current revenue scale must be inferred from headcount (51-100 employees) and the distressed exit multiple, which together suggest a business materially smaller than its acquisition-era ambitions implied.
CloudMD firmographics
Firmographics- Name
- CloudMD
- Legal name
- CloudMD Software & Services Inc.
- Website
- https://investors.cloudmd.ca
- Company type
- Private
- Founded year
- 2013
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- CloudMD operates Kii Health, an integrated digital workplace health platform offering navigation, mental health, disability management, and occupational health services to Canadian employers, insurers, brokers, and government clients. The company was taken private by CPS Capital in July 2024.
- Ownership category
- akta.pro rank
CloudMD industry classification
Industry- Product category
- Workplace Health Services
- NAICS
- Computer Systems Design and Related Services (54151), Offices of Physicians, Mental Health Specialists (621112)
- SIC
- Services-Misc Health & Allied Services, Nec (8090), Services-Health Services (8000)
- akta.pro primary industry
- Care Navigation, Advocacy & Benefits Guidance Platforms (HLALADAJ)
Keywords
Where CloudMD is headquartered
LocationHeadquarters
- HQ city
- Markham
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
CloudMD business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Distribution channels2 records
CloudMD product offering
Product offeringCore offering
CloudMD provides an integrated SaaS-based workplace health platform delivered under the Kii Health brand, offering Health Assurance navigation, personalized coaching, specialist access, occupational health, disability and absence management, workplace injury case management, and evidence-based medical assessments to employers, insurers, brokers, and government clients across Canada and the U.S. The platform is augmented by acquired specialty services including digital mental health (MindBeacon), AI-powered nurse-job matching (Trusted Works), specialty drug management (Rxi), and consumer health/wellness services (VisionPros).
Product overview
CloudMD operates as a healthcare technology and services company offering a platform-plus-modules architecture. The core offerings include Health Assurance services through Kii Health, providing navigation, coaching, and support for workplace health management. Additional modules include Health Assurance Coaching, Health Assurance Advisor, Workplace & Occupational Health, Disability & Absence Management, Workplace Injury Management, and Assessment & Decision Support. The company has expanded through acquisitions including MindBeacon (digital mental health with Trusted Works AI-powered nurse-job matching), Rxi (specialty drug management), and VisionPros (health and wellness/health technology). The portfolio serves corporate and government clients seeking integrated health solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Health Assurance
Quantifiable outcome
- Earlier intervention reduces disability duration and improves recovery timelines
- +1 more outcomes
Companies that use CloudMD
Customer profileSegments4 records
Ideal customer profiles2 records
CloudMD technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature1 record
CloudMD partnerships and signals
Strategic signalScale indicators1 record
Recent moves7 records
Expansion highlights4 records
CloudMD competitors and assessment
Company assessmentDirect peers
- Dialogue Health Technologies: Dialogue is a Canadian employer-sponsored virtual primary care and mental health platform. It directly competes with CloudMD's Health Assurance Advisor and mental health offerings for the same Canadian enterprise benefits buyers.
- Telus Health: Telus Health (built on the LifeWorks acquisition) is the dominant Canadian employer virtual care, mental health, and benefits-navigation platform. It is the closest direct competitor to CloudMD's Kii Health in serving large Canadian employers and government clients.
- Modern Health: Modern Health is an employer mental health platform spanning therapy, coaching, and digital programs. It competes with CloudMD's MindBeacon line for global employer RFPs.
- Spring Health: Spring Health provides employer mental health benefits with assessment-driven routing to therapy, coaching, and medication. Its outcomes-focused, navigation-led model directly parallels CloudMD's mental health + health assurance thesis.
- Lyra Health: Lyra is a U.S. employer-sponsored mental health benefit platform combining teletherapy, coaching, and navigation. It is the U.S. analogue of CloudMD's MindBeacon-led mental health offering and competes for multinational employer wallets.
- Maple Corporation: Maple is a Canadian virtual care platform offering on-demand primary care, specialist visits, and mental health to employers and insurers. It is a direct Canadian competitor to CloudMD's virtual primary care and mental health modules.
Broad incumbents
- Virgin Pulse (Personify Health): Virgin Pulse / Personify Health is an established employer wellness, navigation, and benefits platform. It is a broader incumbent offering overlapping navigation, mental health, and chronic-condition capabilities.
- Manulife Group Benefits: Manulife is a major Canadian group benefits carrier with virtual care, mental health, and disability management services. It is a broad incumbent competitor to CloudMD's disability, absence, and mental health modules.
- Sun Life Group Benefits: Sun Life is one of Canada's largest group benefits carriers with growing health navigation, virtual care, and disability management offerings. It competes with CloudMD both as a buyer of health navigation services (via brokers) and increasingly as a provider.
Emerging players
- Headspace Health: Headspace Health (Headspace + Ginger) provides employer mental health and well-being benefits. It competes in adjacent mental health benefit contracting and overlaps with CloudMD's MindBeacon mental health module.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
CloudMD social profiles
Digital presenceCloudMD financial estimates
Financial estimateRevenue estimate
Valuation estimate
CloudMD leadership team
Management profileNumber of profiles
CloudMD subsidiaries and ownership
Company hierarchySubsidiaries3 records
CloudMD funding detail
Funding detailFunding overview
Funding rounds8 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CloudMD M&A and investment
M&A and investmentM&A14 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CloudMD
What does CloudMD do?
CloudMD provides an integrated SaaS-based workplace health platform delivered under the Kii Health brand, offering Health Assurance navigation, personalized coaching, specialist access, occupational health, disability and absence management, workplace injury case management, and evidence-based medical assessments to employers, insurers, brokers, and government clients across Canada and the U.S. The platform is augmented by acquired specialty services including digital mental health (MindBeacon), AI-powered nurse-job matching (Trusted Works), specialty drug management (Rxi), and consumer health/wellness services (VisionPros).
Is CloudMD a public or private company?
CloudMD is a private company. It is classified as private equity controlled and is currently acquired.
When was CloudMD founded?
CloudMD was founded in 2013. It employs 101 to 250 people.
Where is CloudMD based?
CloudMD is headquartered in Markham, Canada, in the North America region.
Who are CloudMD's main competitors?
Direct peers on record are Dialogue Health Technologies, Telus Health, Modern Health, Spring Health, Lyra Health and Maple Corporation. Broad incumbents are Virgin Pulse (Personify Health), Manulife Group Benefits and Sun Life Group Benefits. Headspace Health is listed as an emerging player.
Does CloudMD have an API?
No public API is recorded for CloudMD.
What industry is CloudMD in?
CloudMD's product category is Workplace Health Services. Its primary akta.pro industry code is HLALADAJ, Care Navigation, Advocacy & Benefits Guidance Platforms. Its NAICS code is 54151 and its SIC code is 8090.