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WELL Health Technologies Corp T.WELL

Alternate Symbol(s):  T.WELL.DB | WHTCF

WELL Health Technologies Corp. is a practitioner-focused digital healthcare company. The Company develops technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. Its business units include Canadian Patient Services, WELL Health USA Patient Services and SaaS and Technology Services. WELL Health USA Patient and Provider Services includes Primary Circle Medical, Primary WISP, Specialized CRH Medical, and Specialized Provider Staffing. Its healthcare and digital platform includes front and back-office management software applications that help physicians run and secure their practices. Its focused markets include the gastrointestinal market, women's health, primary care and mental health. Its solutions enable 34,000 healthcare providers between the United States and Canada and power owned and operated healthcare’s in Canada with 165 clinics supporting primary care, specialized care and diagnostic services.


TSX:WELL - Post by User

Post by Smokey1958on May 19, 2023 10:37am
204 Views
Post# 35456413

Have to Look a Little Deeper

Have to Look a Little DeeperWhen considering the impact of Goodwill and Intangible Assets to an Impairment loss one has to dig a little deeper than adding these up and measuring it against available cash. It's called an Impairment Test. It can be an accounting exercise and obviously impairment losses could be detrimental to a company should it cause them to default on loans or require the addition of capital (dilution) to cover them.

This is not the case for WELL. From both the 2021 and 2022 annual financials the following:

The company did not recognize an impairment loss related to Goodwill or Intangible Assets in either of these years because the recoverable amounts of their CGUs (cash generating units) exceeded their carrying values.
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