Venture-backed Well.ca acquired by McKesson Canada

Well.ca, an online health, wellness, natural and baby products store, has been acquired by McKesson Canada. No financial terms were disclosed. Founded in 2008 by former CEO Ali Asaria, Well.ca sells more than 40,000 products to online shoppers. McKesson, a distributor of pharmaceutical and medical supplies, said the deal will increase digital opportunities for its customers. Well.ca, which will continue to operate as a distinct brand within McKesson and remain based in Guelph, Ontario, has been backed since its founding by iNovia Capital. Its other investors have included Extreme Venture Partners, Hero Ventures and Thunder Road Capital.

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