RE:New Press Release - WELL Health to Acquire Canadian Clinical Assets of Jack Nathan Health and Begin Operating Clinics in Wal-Mart Stores to Grow Healthcare Clinic Network Across Canada Positive:
- Acquisition adds $10M revenue from 16 owned clinics
- Additional $2.2M high-margin revenue from 62 licensee clinics
- WELL Health can potentially expand to over 400 Walmart Canada locations following the acquisition of Jack Nathan Health's rights to operate medical clinics in Walmart stores
- Expected profitability on adjusted EBITDA basis by 2025
- Addition of 90 doctors to WELL's network
Negative:
- Owned clinics currently not profitable
- Integration and transformation costs required to achieve profitability