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WELL Health Technologies Corp T.WELL

Alternate Symbol(s):  WHTCF | T.WELL.DB

WELL Health Technologies Corp. is a Canada-based practitioner-focused digital healthcare company. Its healthcare and digital platform includes extensive front and back-office management software applications that help physicians run and secure their practices. Its business units include Canadian Patient Services, WELL Health USA Patient and Provider Services, and SaaS and Technology Services. Its solutions enable more than 38,000 healthcare providers between the United States and Canada and power owned and operated healthcare ecosystem in Canada with over 200 clinics supporting primary care, specialized care, and diagnostic services. In the United States its solutions are focused on specialized markets such as the gastrointestinal market, women's health, primary care, and mental health. WELL Health USA Patient and Provider Services consists of four assets: CRH Medical, Provider Staffing, Circle Medical and Wisp. It provides cybersecurity protection and patient data privacy solutions.


TSX:WELL - Post by User

Post by retiredcfon Aug 18, 2024 1:55pm
341 Views
Post# 36185016

Circle Medical

Circle MedicalWELL announced today that Circle’s growth continues to be excellent and possibly accelerating. The last thing I would think of doing is selling that business if I owned part of it. They talk about unlocking shareholder value. I would prefer they buy more of Circle rather than selling their piece.

Circle now has a $100M revenue run rate and 55% margins. Business is good. We do not generally try and analyze company's capital allocations too much, however. Management knows the business of course more than we do. Executives have sold businesses before, and if they can re-coup capital and redeploy it for better returns (with more acquisitions at good valuations) then that could still be the right move for the company. Selling when things are going well, of course, also gets a better valuation. High debt could be holding back WELL's valuation, and thus a big asset sale could improve the share price. Either way, we would continue to view WELL as attractive overall. (5iResearch)
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