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Corporation
FINANCE | Insurance / Health Insurance
greenshield.ca

Investments

3

Portfolio Exits

1

Partners & Customers

10

About Green Shield Canada

Green Shield Canada offers health and dental coverage.

Headquarters Location

8677 Anchor Drive PO Box 1606

Windsor, Ontario, N9A 6W1,

Canada

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Latest Green Shield Canada News

07:07 ET Canadians are spending 2.5 times more time navigating their health and benefits than with their doctor

Sep 25, 2023

Share toX GreenShield's new campaign reinforces their commitment to bringing Canadians an integrated, seamless health and benefits experience TORONTO, Sept. 25, 2023 /CNW/ - Canadians are spending more and more time trying to access health care and benefits. From waiting in a doctor's office, to completing benefit forms, to lining up at the pharmacy, a recent survey by GreenShield revealed Canadians are spending 2.5 times more time navigating their health care and benefits than they are spending at their actual doctor appointment. Reverse Waiting Room. Health coverage should put you first. Only GreenShield offers coverage and care, all in one place. GreenShield+ (CNW Group/GreenShield) On average, Canadians are spending twice as much time in the lead up to seeing a health care practitioner, from booking the appointment, to filling out medical history forms, and waiting to be seen, compared to time spent in their appointment. In addition, they also spend 60 per cent more time post-appointment completing tasks such as filling prescriptions, making follow- up appointments and submitting insurance forms than in the actual appointment. "We know Canadians want to take control of their health but face challenges navigating the disparate parts of the health and benefits system. Canadians are looking for access, convenience, better integration, and improved health outcomes," said Zahid Salman, President and CEO, GreenShield. "As Canada's first payer-provider and only national not-for-profit health and benefits company, GreenShield has paved a better way forward by integrating coverage and care, all in one place—delivering a personalized, engaging, and simplified experience." Coverage and care, all in one place GreenShield is the first organization in Canada to operate as an integrated payer-provider — offering insurance, administering benefits as a 'payer' and offering health services such as mental health, pharmacy, and telemedicine as a 'provider'. Integrating both sides of the payer-provider equation enables GreenShield to uniquely simplify access to care, remove administrative barriers, and improve health outcomes for its customers. Earlier this year, GreenShield launched GreenShield+, a first-of-its-kind digital health and benefits ecosystem that revolutionizes the Canadian health and benefits experience through unprecedented levels of integration between its health services and benefits plans. And today, to reinforce that commitment, GreenShield has launched its first-ever national campaign, the Reverse Waiting Room. "Our new national campaign is about empowering Canadians with a health and benefits experience built around them," said Mandy Mail, Senior Vice President, Marketing and Communications, GreenShield. "The Reverse Waiting Room flips the universal truth with GreenShield's new way forward, which has coverage and care, all in one place, built around you. The Reverse Waiting Room is analogous to the GreenShield+ experience - timely access to quality care with seamless benefits integration, enabling you to spend more time on health and well-being versus navigating a complex system." The campaign includes new commercials airing across Canada, in English and French, on TV, social media and YouTube. It reinforces the power of GreenShield+ in a unique, humorous, and compelling way while showcasing unprecedented levels of integration and services, where users can check their coverage, access their benefits, connect with healthcare providers, and get reimbursed for their claims all in one, easy-to-use place. Coverage and care, built around all Canadians GreenShield was founded as a not-for-profit on the belief that all Canadians deserve the opportunities better health unlocks, with a mission of championing better health for all. The organization reinvests its earnings and redeploys its wholly-owned health services to support underserved and marginalized communities across Canada through its social impact brand, GreenShield Cares. The company is well on its way to reinvesting $75 million to positively impact at least 1 million Canadians by 2025. "GreenShield believes that health is a right, not a business," said Salman. "Our unique integrated coverage and care model has been built to alleviate the barriers to care for all Canadians." About GreenShield GreenShield is an integrated health and benefits organization and the first organization in Canada to operate as a payer-provider— offering insurance, administering benefits, and paying claims as a 'payer' while offering health services such as mental health, pharmacy, and medical services as a 'provider.' Integrating both sides of the payer-provider equation enables GreenShield to simplify access to care, remove administrative barriers, and improve health outcomes for its customers. GreenShield is uniquely structured as a not-for-profit social enterprise that reinvests its earnings and redeploys its services to support underserved Canadian communities via its social impact brand, GreenShield Cares. The company's overarching goal is to generate $75 million of social impact investments to improve the lives of at least 1 million Canadians by 2025, with a focus on mental and oral health. As the industry's noble challenger GreenShield continues to innovate, evolving its offerings and services to deepen its purpose of championing better health for all. GreenShield.ca GreenShield means, collectively, Green Shield Canada (GSC), Green Shield Association, and Green Shield Holdings Inc., which is the primary company that houses health services and benefits administration businesses, including Inkblot Therapy, Tranquility, BCH Consultants, NKS Health Canada, The Health Depot Pharmacy, Benecaid, and Computer Workware Inc. Green Shield Holdings Inc. is a wholly owned subsidiary of the not-for-profit Green Shield Association. About the survey These findings are from a study released by Sago between September 2-5, 2023 among a random selection of 1,476 Canadian adults ages 18+ who are online panelists of Sago's Asking Canadians Community. The results were weighted by education, age, gender, and region (and in Quebec, language) to match the population, according to Census data. For comparison purposes, a probability sample of this size has an estimated margin of error (which measures sampling variability) of +/- 2.5%, 19 times out of 20. Respondents could respond in either English or French. Discrepancies in or between totals when compared to the data tables are due to rounding. Excerpts from this release of findings should be properly attributed, with interpretation subject to clarification or correction. Sago is the global research and data partner that connects human answers to business questions. Combining a legacy of impact, global reach, and innovative spirit, Sago enables clients to solve business problems through extensive audience access and an adaptive range of qualitative and quantitative solutions. For media inquiries:

Green Shield Canada Investments

3 Investments

Green Shield Canada has made 3 investments. Their latest investment was in GenXys as part of their Seed VC - II on March 3, 2021.

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Green Shield Canada Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/2/2021

Seed VC - II

GenXys

$2.38M

No

3

5/26/2020

Corporate Minority

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10

11/5/2019

Series A - II

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$99M

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10

Date

3/2/2021

5/26/2020

11/5/2019

Round

Seed VC - II

Corporate Minority

Series A - II

Company

GenXys

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Amount

$2.38M

$99M

New?

No

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Co-Investors

Sources

3

10

10

Green Shield Canada Portfolio Exits

1 Portfolio Exit

Green Shield Canada has 1 portfolio exit. Their latest portfolio exit was MindBeacon on December 22, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/22/2020

IPO

$99M

Public

1

Date

12/22/2020

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

1

Green Shield Canada Acquisitions

4 Acquisitions

Green Shield Canada acquired 4 companies. Their latest acquisition was BCH Consultants on February 13, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/13/2023

$99M

Acquired

2

8/11/2021

Seed / Angel

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$99M

$99M

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10

3/9/2021

Seed / Angel

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$99M

$99M

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10

11/26/2020

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$99M

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10

Date

2/13/2023

8/11/2021

3/9/2021

11/26/2020

Investment Stage

Seed / Angel

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acquired

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Sources

2

10

10

10

Green Shield Canada Partners & Customers

10 Partners and customers

Green Shield Canada has 10 strategic partners and customers. Green Shield Canada recently partnered with Dexcom, and The Health Depot on December 12, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

12/12/2022

Partner

United States, and Canada

Dexcom Canada Partners With Green Shield and The Health Depot to Offer Plan Members a Comprehensive Digital Diabetes Care Experience

`` We 're excited to kick off this partnership with Dexcom , Inc. and bring the Digital Diabetes Care Program to our plan members , '' explains Joe Blomeley , Green Shield Canada 's EVP , Head of Health Services & Enterprise Growth .

3

9/26/2022

Licensor

Canada

HALEO Clinic partners with Green Shield Canada to provide employers its market-leading sleep solutions

By integrating our solution into Green Shield Canada 's platform , we 're making it possible for employers to launch our solution within days '' mentioned Bradley Smith , Founder and CEO at HALEO .

2

8/2/2022

Vendor

Canada

09:29 EDT KITS Eyecare to Provide Exclusive Vision Benefits Integration to Green Shield Canada's 4.5 million Members

We 've built a first of its kind integrated experience here that marries the KITS standard for quality , selection and value in optical , with GSC 's commitment to innovation , affording members more access and maximum value out of their insurance benefits .

3

3/24/2022

Partner

Canada

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10

3/8/2022

Partner

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10

Date

12/12/2022

9/26/2022

8/2/2022

3/24/2022

3/8/2022

Type

Partner

Licensor

Vendor

Partner

Partner

Business Partner

Country

United States, and Canada

Canada

Canada

Canada

News Snippet

Dexcom Canada Partners With Green Shield and The Health Depot to Offer Plan Members a Comprehensive Digital Diabetes Care Experience

`` We 're excited to kick off this partnership with Dexcom , Inc. and bring the Digital Diabetes Care Program to our plan members , '' explains Joe Blomeley , Green Shield Canada 's EVP , Head of Health Services & Enterprise Growth .

HALEO Clinic partners with Green Shield Canada to provide employers its market-leading sleep solutions

By integrating our solution into Green Shield Canada 's platform , we 're making it possible for employers to launch our solution within days '' mentioned Bradley Smith , Founder and CEO at HALEO .

09:29 EDT KITS Eyecare to Provide Exclusive Vision Benefits Integration to Green Shield Canada's 4.5 million Members

We 've built a first of its kind integrated experience here that marries the KITS standard for quality , selection and value in optical , with GSC 's commitment to innovation , affording members more access and maximum value out of their insurance benefits .

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Sources

3

2

3

10

10

Green Shield Canada Team

8 Team Members

Green Shield Canada has 8 team members, including current Chief Executive Officer, President, Zahid Salman.

Name

Work History

Title

Status

Zahid Salman

Chief Executive Officer, President

Current

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Name

Zahid Salman

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Work History

Title

Chief Executive Officer, President

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Status

Current

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