WELL Health Technologies Corp T.WELL

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

Healthcare Medical Care

WELL Health Technologies Corp. is a Canada-based practitioner-focused digital healthcare company. Its healthcare and digital platform includes extensive front and back-office management software applications that help physicians run and secure their practices. Its business units include Canadian Patient Services, WELL Health USA Patient and Provider Services, and SaaS and Technology Services. Its solutions enable more than 38,000 healthcare providers between the United States and Canada and power owned and operated healthcare ecosystem in Canada with over 200 clinics supporting primary care, specialized care, and diagnostic services. In the United States its solutions are focused on specialized markets such as the gastrointestinal market, women's health, primary care, and mental health. WELL Health USA Patient and Provider Services consists of four assets: CRH Medical, Provider Staffing, Circle Medical and Wisp. It provides cybersecurity protection and patient data privacy solutions.

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WELL Health Technologies Corp

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Post by ace1mccoyon May 27, 2021 8:33am

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Post# 33274207

A Summary Version

WELL Unit CRH Medical Acquires Majority Stake in Two Anesthesia Practices

2021-05-27 08:26:21 AM ET (MT Newswires)

08:26 AM EDT, 05/27/2021 (MT Newswires) -- WELL Health Technologies Corp. (WELL.TO) said Thursday that its CRH Medical Corp. subsidiary acquired a 51% stake in Northern Indiana Anesthesia Associates, LLC as well as an add-on practice in Bradenton, Florida.
Both companies' combined revenue run rate of approximately US$3.3 million has operating EBITDA margins of about 45%.
WELL said the two acquisitions mark CRH Medical's 35th and 36th transactions, respectively, and increase CRH's footprint to a total 75 ambulatory surgical centers across the U.S.
The acquisitions also add 16 practitioners to CRH's team, which had already exceeded 800 healthcare practitioners who are mostly anesthesia providers.