Green Shield Holdings Inc

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Green Shield Holdings Inc - overview

Established

1957

Location

Toronto, ON, Canada

Primary Industry

Insurance

About

Green Shield Canada is a healthcare organization that provides integrated health coverage and care combined with insurance benefits, focusing on addressing diverse health needs for individuals and businesses across Canada. Founded in 1957 in Windsor, Canada, Green Shield Canada specializes in health insurance and benefit solutions. The company was established by Giuseppe Lanotte and Matthew Ford, who aimed to create comprehensive health coverage options. It currently operates under the leadership of CEO Deepak Golani and a dedicated management team.


Green Shield has remained focused on its core mission without significant pivots in business strategy since its inception. Green Shield offers an integrated health coverage and care model that uniquely combines insurance benefits with health provider services. The core offerings include comprehensive health and dental insurance plans tailored for both individuals and employees, alongside innovative mental health, pharmacy, and medical services. These services are designed to address a wide range of health needs, particularly supporting individuals with complex or chronic conditions.


Green Shield's digital platform facilitates efficient management of prescriptions and healthcare consultations, providing users access to confidential therapy and professional support from anywhere in Canada. The company primarily serves the Canadian market, focusing on a diverse client base that includes both individuals seeking personal health coverage and businesses looking for flexible employee benefit solutions. Green Shield's revenue model is structured around selling insurance and health benefit packages that cater to both individuals and corporate clients. The transactions typically occur through subscription-based models, where clients pay premiums for ongoing health coverage and access to integrated care services.


This includes direct-to-consumer sales for personal plans and B2B partnerships for employer-sponsored health benefits. GreenShield+ represents a flagship offering designed to enhance the health care benefits experience, while its administration services provide tailored solutions for companies of various sizes. Revenue is generated through these subscription fees, allowing Green Shield to maintain a comprehensive support system that fosters better health outcomes for its members.


Current Investors

Bindley Capital Partners

Primary Industry

Insurance

Sub Industries

Health Insurance

Website

www.greenshield.ca

Verticals

Mobile Apps

Company Stage

Series B

Total Amount Raised

Subscriber access only

Green Shield Holdings Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedApril SA-

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