Globe & MailLots to like about the margin. GLTA
08:54 AM EDT, 04/08/2021 (MT Newswires) -- WELL Health Technologies Corp. (WELL.TO) said Thursday that it agreed to acquire Ontario-based healthcare provider ExecHealth Inc., with closing expected in early May.
Consideration comprises about $10.7 million in cash and shares as well as a multi-year performance-based earn-out of up to $1.9 million.
WELL Health said the acquisition is part of its efforts to boost its presence in the premium margin corporate and executive health segment, building on its recent acquisition of ExcelleMD.
The company noted that for the 12 months ended Feb. 28, ExecHealth had unaudited revenues of about $3 million with EBITDA margin greater than 50%.
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