Splitting WELL Could Complicate The Business Splitting WELL Health Technologies Could Complicate The Business -- Market Talk
Friday, August 16, 2024, 10:39 AM ET
WELL Health Technologies would look like a very different company by the close of FY25 if it chooses to separate its SaaS and services business, Raymond James analyst Michael Freeman says in a report. Freeman believes there is sound rationale to separate the "high-margin, cash-printing business," from its parent, but he says he also sees "practical risks associated with listing what would be a relatively illiquid." Freeman guesses its public float would be no more than 10% or 20% of shares outstanding, with about C$40 million to C$50 million in revenues for SaaS stock on the TSX. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
August 16, 2024 10:39 ET (14:39 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.