WELL Health Technologies Corp T.WELL

Walmart moves into Telehealth

[Dogsbreakfast4U]

This move anounced at around noon today has affected the telehealth stocks to the downside this afternoon. In a way this development can be perceived as good news if one thinks of WELL as an eventual takeover candidate by the "big boys".

Walmart Health expands into telemedicine with acquisition of virtual care provider MeMD | FierceBiotech

[Seelow7]

Great point!  If Walmart wants to expand telehealth in Canada acquire $WELL :)

[brandinvestor]

I doubt they would purchase WELL since WELL's telehealth business is not even 10% of their income. Walmart would be more likely to buy JNH-X which operates clinics in Walmarts over purchasing WELL for 1/10th of their business

[speedy99]

I don't see WELL as being a good fit for an acquisition from any company due to the disparate nature of its assets and its structure as a conglomerate.  If anything, at some point WELL could possibly sell off one of its business units and that might be a good fit for an acquirer, in which case we might all get a healthy special dividend, who knows.

[DaveInvestor59]

No wonder none of the telemedicine stocks are doing well right now with all these greedy American companies like Walmart and Amazon trying to jump on the telehealth bandwagon. Like being the richest man in the world isn't enough for Bezos, or the greedy Walmart clan. And we're just little guys trying to make a buck on our stock but of course their announcement brings the stock down further

[Lamprey]

Telehealth is only part of overall solution.  Please go to Well Health website, more info are available there. Telehealth's barrier of entry is low for big tech.  Well's barrier of entry is different, it actually operates EMR, Clinic, Ambulance, among other things related to health care. Hence, you can't compare Well directly with any telehealth companies.

[ironshooter]

...ambulatory care pertains to outpatient care, nothing to do with ambulances.

[stocksaregood]

In Ontario ambulance/paramedic services are run by the local municipality. No sure about other provinces. Exception to this is the Ornge program(air ambulance service) which is run by the Ontario Government. 

[wideopenthrottl]

This post has been removed in accordance with Community Policy