WELL Can Gain Early Exposure To Increased Government FundingStifel Says WELL Health Can Gain Early Exposure To Increased Government Funding 2023-02-08 11:02:32 AM ET (MT Newswires)
11:02 AM EST, 02/08/2023 (MT Newswires) -- Stifel said Wednesday that WELL Health Technologies Corp. (WELL.TO) can gain early exposure to billions of increased funding under the Canadian Federal Government's new 10-year Healthcare funding plan.
According to Stifel, there is already a 9% funding increase set to take place in 2023 to 2024, roughly double the average annual increase.
"There continues to be variability on how the system will progress, but we see particular near-term strength for WELL's MyHealth asset, a network of 50 specialty clinics and the single largest license holder for diagnostics," Stifel said.
Stifel gave WELL Health a buy rating and $13.50 target price.