RE:RE:WELL Divestiture Aligns With Clinics Businness Focus - TDThis is financial engineering at it's best - as 5i points out nothing really changes and you can post a paper profit of $4.75 million as
Well Health Technologies, an operator of virtual care clinics in British Columbia, acquired EHR-integrated practice management software provider
Intrahealth Systems for over $19.25 million..
It will be interesting to see if the projected upcoming profit is more than $4.75 million?
retiredcf wrote: Healwell is buying Intrahealth Systems from WELL for $24M, with the compensation paid mostly in AIDX shares. It is essentially a 'swap' of a business and WELL already owns shares of AIDX. Not much changes, really, though it puts AIDX in a better position to grow, with more revenue/cash flow, and WELL can benefit from its equity interest. It wil now own between 20% and 27% of the company (depending on earn outs) and AIDX will have about $12M in revenue. It is a bit of a paper shuffle, really, and we would not consider it overly significant. WELL's interest in the company will only be worth about $15M, vs its current market value of ~$1 billion. (5iResearch)