Post by
Possibleidiot01 on Jan 16, 2024 4:35pm
the value of clinics
Well Health started their news release today with "WELL's clinic recruitment, absorption and acquisition program has demonstrated substantial growth and capital efficiency having added two Canadian clinics in Q4-2023 generating approximately $28 million in annualized revenues for total consideration of less than $400,000 and are expected to positively contribute to EBITDA in 2024. WELL now operates 167 clinics in 98 facilities across Canada."
Should make you question the value associated with unprofitable/ marginally profitable clinics?
Comment by
boathouse2020 on Jan 17, 2024 9:42am
Would CloudMD one day be included in Well's absorption and acquisition program ?
Comment by
Tuatara on Jan 18, 2024 2:36pm
Nah. They took at look at CloudMDs assets and bought all/near all the clinics. They left the rest.
Comment by
Possibleidiot01 on Jan 18, 2024 4:39pm
Given what they have been paying , you might not like the price.