Anne Wanlund, Founder and CEO of Canopie, sold her digital health startup to Aeroflow Health.
The financial terms of the deal were not disclosed.
Canopie offers evidence-based virtual preventative care programs for expecting and new moms, with a focus on mental health and physical wellness across the U.S. It serves health plans and government partners across the U.S., with a focus on reaching underserved mothers with accessible, compassionate care.
“From the beginning, my goal with Canopie was to bring accessible, evidence-based care to every new mother, regardless of where she lives or what she could pay for. Aeroflow has the scale and mission alignment to make this vision possible. I couldn’t ask for a better partner to carry this forward with,” said Anne Wanlund, Founder and CEO of Canopie.
This acquisition is the natural next step in a partnership that goes back to 2022, when Aeroflow first invested in Canopie after a successful collaboration demonstrating the potential of integrating mental health and lactation support.
“Aeroflow has been successful because we put patients first, and cultivated a culture of profit with purpose. This acquisition will help close the maternal care gap at scale,” said Casey Hite, CEO of Aeroflow Health. “With Canopie, we can now bring even more comprehensive maternal care to the 1.7 million expecting and new mothers who come to Aeroflow every year.”
Combined business will offer expecting and new mothers a full suite of supplies, services, clinical support, and resources that address social determinants of health, helping overcome the barriers that make getting care challenging and, at times, impossible to access.
More than 5000 digital health companies have been acquired to date, according to our recent M&A Database. More recently, Elation Health, a provider of an all-in-one electronic health record (EHR) software platform for primary care providers, announced its acquisition of Aster (Aster Care), an AI-powered EHR software startup.
In another deal, DUOS, the performance infrastructure for health plans, acquired Linkwell Health, strengthening the end-to-end system DUOS has built to turn health plan investments into realized member outcomes.