Right-Health Inc.

Right-Health Inc. specializes in providing virtual healthcare solutions that enhance patient and provider experiences through remote consultations via video, phone, and messaging platforms. Founded in 2015, Right-Health Inc. is based in Toronto, Canada, and focuses on delivering telehealth services.

In July 2019, Telus Communications Inc. acquired Right-Health Inc. from TELUS Ventures, HIGHLINE, GreenSky Capital, and iGan Partners for undisclosed financial terms. The company has engaged in 3 deals to date, with the most recent deal occurring on July 31, 2019.

The Seed round raised CAD 7. 000 mn, led by TELUS Ventures, with participation from GreenSky Ventures and iGan Partners, marking the total amount raised at CAD 7. 000 mn. Right-Health Inc.

primarily offers telehealth solutions that improve healthcare access for patients and providers. Their core offerings include remote consultations, allowing healthcare professionals to communicate with patients through various digital channels. The platform caters to diverse healthcare requirements, including routine check-ups and specialist consultations, serving individual patients, healthcare organizations, and corporate clients across Canada, particularly in regions such as British Columbia, Alberta, Ontario, Quebec, and the Atlantic provinces. Right-Health Inc.

generates revenue through a subscription-based service model for its telehealth platform. Clients enter agreements granting access to a range of healthcare services for a fixed fee. This model supports partnerships with healthcare institutions and direct-to-consumer relationships, which contribute to a stable revenue stream. Specific pricing details are not disclosed, and tiered plans may be available based on service level and features.

Right-Health Inc. plans to enhance its service offerings by developing new telehealth products aimed at expanding its market reach. The company is targeting growth into additional geographic regions, although specific areas have not been disclosed. The recent Seed funding of CAD 7.

000 mn will be allocated towards supporting these product developments and market expansion strategies following its acquisition by Telus Communications Inc. in July 2019.