WELL's twitter post
WELL Health Provides Business Updates on its US Based Businesses Reflecting Continued Organic and Inorganic Growth WELLs US based businesses continue to experience significant growth delivering their best performance ever with more than 105,000 patient visits in the month of January 2022 delivered by more than 1,100 healthcare practitioners. Circle Medical and Wisp are now exceeding US$70M USD in combined run-rate ARR based on January 2022 results. Both assets are exceeding 100% in combined YoY organic growth. WELLs wholly owned subsidiary, CRH Medical (CRH), opened its first Hemorrhoid banding clinic in the Chicago, IL. The clinic is performing ahead of plan and expected to generate positive cash flow in its first year. CRH expects to open seven more banding clinics across the United States this year. CRH has acquired Greater Connecticut Anesthesia Associates (GCAA) in an all-cash deal. GCAA expects to generate annual revenue near US$6M, and EBITDA of more than US$3M.