RE:WELL, The Ultimate Trash,MoreLike noshortsallowed , I have doubts you know anything about the stock. I think this transaction is what you're talking about .
Now , notice this CRH deal was an all cash deal which was completed so there is no way some people got the $4 USD offer and others didn't.
So how did anyone stay in and get hurt?
The only people who have suffered since then are WELL shareholders who did stay in.
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- NYSE and TSX listed CRH Medical or "CRH" generates a revenue run-rate(1) that is greater than US$120M with approximately 40% operating EBITDA(2) margins and more than 25% free cash flow(3) margins.
- Significant financial accretion anticipated for WELL, including approximately 120% on a revenue per share basis and 800% on an EBITDA per share basis in 2021.
- Proposed acquisition of CRH represents a significant opportunity for WELL to provide digital tools, tech-enablement and data protection to 69 Ambulatory Surgery Centers(4) or "ASCs" and GI (Gastroenterologist) Clinics located in 13 U.S. states and thousands of GI partners in all 48 lower US states.
- Meaningfully enhances WELL's free cash flow profile, enabling future reinvestment, capital compounding, and capital allocation opportunities across other attractive healthcare and healthcare-technology segments.
- Fully-funded via: (i) C$295.5M non-brokered private placement led by Mr. Li Ka-shing and leading Canadian and US based financial institutions at C$9.80, a 25% premium to WELL's 5-day VWAP; (ii) committed credit facilities from the Canadian Imperial Bank of Commerce as lead arranger and joint bookrunner along with HSBC Bank Canada; and (iii) WELL's existing cash on hand.
VANCOUVER, BC, Feb. 8, 2021 /CNW/ - WELL Health Technologies Corp. (TSX: WELL) ("WELL" or the "Company"), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce it has entered into an arrangement agreement (the "Agreement") to acquire all of the issued and outstanding shares of CRH Medical Corporation ("CRH") (TSX: CRH) and (NYSE: CRHM) at US$4.00 per share in cash (the "Acquisition") representing equity consideration of approximately US$292.7M and a transaction value of approximately US$369.2M, inclusive of CRH credit facility. WELL has also entered into binding agreements with a group of institutional and individual investors including Mr. Li Ka-shing (collectively the "Investors") to raise C$295.5M of equity under a non-brokered offering of subscription receipts at a price of C$9.80 per share (the "Offering"). The Offering price represents a 25% premium to the 5-day volume weighted average price ("VWAP") of WELL's common shares on the Toronto Stock Exchange (the "TSX") preceding this announcement. The proceeds of the Offering are expected to be combined with debt facilities provided jointly by the Canadian Imperial Bank of Commerce and HSBC Bank Canada as well as WELL's existing cash to fund the Acquisition. The Offering is expected to close in mid-February 2021 and the Acquisition is expected to close in Q2 2021. Completion of the Acquisition is subject to regulatory, CRH shareholder, and court approvals. The WELL common shares to be issued in connection with the Offering have received conditional listing approval from the TSX. Further details of CRH, the Acquisition and Offering are set out below.
WINDGOD46 wrote: So, when CRA was trading $5, WELL was trading almost $10 and many CRA stock owners did not get the $5 offer and stayed in hoping the $10 WELL price gave them a great prospect of growth. Some smart money got the $5 offer and got out; those who stayed in got nailed because Well was in a bubble and when it burst, people who had stayed in lost their shirt and have not recovered since. This is the type of company we are dealing with here, all talk but no substance, no wonder why the shorts have a field day every day. Collin Stuart had raised a red flag on BNN to stay away from this co because trying to apply AI to traditional company structures and reduce administrative costs is a mugs game and entails risks. No wonder this co has revenues but not profits. GLTA