RE:More M&A Coming - Don't SleepWELL's foray into the US market is exactly what killed CML Labs and KMH, Canadian imaging businesses that underestimated the cutthroat business climate in the US. They blew their brains out and their Canadian operations which were solvent and profitable soon hit the wall.
CML banked on generous CT scan fees which were massively cut almost immediately after CML bought very expensive US imaging operations including hospital based. The vendors obviously had the edge and smoked the hicks.
Americans are uniquely savy knowing when to sell their Krap to the suckers from the great white north when they show up cash in hand.
There is very formidable US based competition in WELL's space who are well entrenched and up to speed.