Kayne and CIBC-backed CareWorx merges with Fully Managed
CareWorx Corp, an Ottawa-based managed service provider (MSP) focused on senior care, has merged with Fully Managed Technology Inc, a Vancouver-based MSP and cloud service provider. Terms weren't disclosed. The new business, which will be known as CareWorx Fully Managed, will have three divisions: managed services, enterprise service management and senior care. It will be led by CEO Mark Scott, who formerly led CareWorx. Joel Abramson, formerly CEO of Fully Managed, will serve as executive vice president and head of managed services. Financing for the deal was provided by Kayne Partners, which invested $17 million in CareWorx earlier this year, and CIBC Innovation Banking, also an existing investor.
11 December 2018•3 mins read
