Cheap growth for WELL11 new clinics for a measley 1.5M great aquisistion, perfect timing to buy on the cheap from a struggling company
Sale of Ontario Clinics
The Company will sell to WELL, under an asset purchase agreement between their respective subsidiaries, eleven of its fourteen medical clinics in Ontario, along with other related assets, for a purchase price of $1.5 million.
The acquired clinics will join WELL’s extensive and efficiently run network of clinics, the largest owned and operated network in Canada, ensuring stability and continued quality of care for patients and healthcare professionals. The Company’s flagship Polyclinic group of clinics will be retained by the Company, and will continue to contribute to the Company’s technology-enabled healthcare research offerings.