Just a comparison A reminder of the upcoming new closing (anticipated of new acqusisition) and what it might mean to investors. Based on the 1st type of acquisition of OSCARwest and how long it took for this to finalize we may see this latest acqusition mid-February? GLTA
WELL Health Completes Acquisition of EMR Service Provider OSCARwest EMR Services
- OSCARwest EMR Services Inc. (“OSCARwest”) is WELL’s fourth acquisition of an OSCAR1 Electronic Medical Records (EMR) service provider, and completes WELL’s acquisition of all three Chartered OSCAR service providers in the province of British Columbia.
- OSCARwest provides OSCAR EMR services to 90 medical clinics in British Columbia, supporting over 1,100 registered physicians and practitioners.
- With the acquisition of OSCARwest, and the proposed acquisition of Trinity Healthcare Technologies previously announced on November 21, 2019, WELL is expecting to significantly grow its EMR network footprint in Canada to 1,446 healthcare clinics servicing and supporting over 8,280 physicians.
Vancouver, B.C., December 2, 2019. WELL Health Technologies Corp. (TSX.V: WELL) (the “Company” or “WELL”), a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, is pleased to announce, further to its news release dated September 25, 2019, that it has acquired all of the issued and outstanding shares of OSCARwest (the “Transaction”).
“We are delighted to add OSCARwest to the WELL EMR Group, as it is solidifies our position as the third largest EMR service provider in Canada and one of the premiere service providers in BC, supporting almost 400 clinics in the province alone,” said Hamed Shahbazi, Chairman and CEO of WELL. “We welcome OSCARwest founder Patti Rodger Kirkpatrick and the OSCARwest team to WELL. In addition, we are excited to have Patti join our advisory board as her wealth of knowledge and experience will be a great asset to both WELL and the OSCAR community.”
In consideration for the acquisition of OSCARwest, the Company paid an aggregate purchase price of $1,350,000
AND THIS:
WELL Health to Acquire Trinity Healthcare Technologies, Canada's Second Largest OSCAR Provider
- Trinity Healthcare Technologies (“THT”) provides OSCAR1 based Electronic Medical Records (EMR) services to over 500 clinics in Ontario, supporting approximately 2,280 registered physicians and other healthcare practitioners.
- This proposed acquisition significantly expands WELL’s EMR business to over 1,000 clinics supported in the province of Ontario and to 1,446 clinics2 nationally across Canada.
- Upon closing, this acquisition will positively impact WELL’s high margin recurring Software as a Service (SaaS) revenue and be immediately accretive to earnings.
- The proposed acquisition of THT will expand WELL’s EMR services footprint in Ontario and further solidifies WELL’s position as the third largest EMR provider in Canada.
- WELL plans to fully finance this acquisition through cash on hand
Vancouver, B.C. November 21, 2019 - WELL Health Technologies Corp. (TSX.V: WELL) (the “Company” or “WELL”), a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, is pleased to announce it has entered into an arm’s length share purchase agreement dated November 21, 2019 with the direct and indirect shareholders of Oscarservice Inc. dba Trinity Healthcare Technologies (“THT”), whereby the Company has, indirectly, agreed to acquire all of the issued and outstanding shares of THT (the “Transaction”).
The total consideration payable by WELL in connection with the acquisition of THT is approximately $7,225,000