Microsoft could buy out WELL and AIDXWhat would Microsoft pay for the whole package WELL and AIDX? that is if Microsoft can afford it. Please continue to sell me shares!
WELL Health’s growth prospects
The growing popularity of virtual services, digitization of patient records, and increased usage of software solutions in the healthcare sector have expanded WELL Health’s addressable market. Meanwhile, the company focuses on capital-efficient growth opportunities with effective cost management that could lead to robust growth and sustained cash flow.
It has partnered with Microsoft to enhance digital healthcare across North America. The partnership would help WELL Health scale its business, optimize costs, improve operational efficiency, and ensure data security. The company continues to invest in artificial intelligence (AI) to develop innovative tools and enhance AI and interoperability in the country’s healthcare sector. Further, in June, the company acquired 10 primary care clinics operated by Shoppers Drug Mart in British Columbia and Ontario.
Amid its healthy second-quarter performance and high growth prospects, WELL Health has raised its 2024 guidance. The management now expects its 2024 topline to come within $970-$990 million, with the midpoint representing a 26.3% increase from the previous year’s quarter. Meanwhile, the midpoint of its adjusted EBITDA guidance represents a 12.4% year-over-year growth. Considering all these factors, I believe WELL Health’s growth prospects look healthy.
Is WELL Health a Good Stock to Buy Now? (yahoo.com)