McKesson Canada acquires iNovia backed Well.ca

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By Ted Liu

McKesson Canada has acquired Well.ca, bringing an offering of online commerce capabilities and a digital experience to McKesson Canada’s retail assets, including Rexall Drug Store®, and expanding its customer base.

Well.ca was backed by iNovia Capital, Extreme Venture Partners and private investors including Jordan Banks, Matt Mullenweg, and Jeff Fluhr.

With this acquisition, McKesson Canada’s retail operations and Well.ca will be better positioned to service customers through a strengthened portfolio of technology, distribution and innovation.

“Today’s customer wants a digital experience,” said Domenic Pilla, CEO, McKesson Canada. “Combined with McKesson Canada’s distribution network and retail footprint, patients and customers will have convenient access and more choices to achieve their health and wellness goals.”

“Well.ca’s “digital-first” approach to retail has continuously pushed the boundaries of the customer experience in Canada,” said Rebecca McKillican, CEO, Well.ca. “Together with McKesson Canada, we will be able to establish new business relationships and accelerate our mission to help our customers live healthier and happier lives.”

Well.ca and McKesson Canada have been working together since its inception in 2008 and McKesson Canada has become one of Well.ca’s most trusted partners.

Well.ca will operate as a distinct business within McKesson Canada, while retaining its existing brand and remain headquartered in Guelph, Ontario.

photo credit: Well.ca