Bullboard - Stock Discussion Forum WELL Health Technologies Corp T.WELL

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

Healthcare

WELL Health Technologies Corp. is a practitioner-focused digital healthcare company. The Company develops technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. Its business units include Canadian Patient Services, WELL Health USA Patient Services and SaaS and Technology Services. WELL Health USA Patient and... see more

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TSX:WELL - Post Discussion

WELL Health Technologies Corp > Analysis of Conference Call

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Post by retiredcf on Mar 24, 2023 2:36pm

Analysis of Conference Call

Any additional thoughts on WELL following the conference call yesterday? The company seems well positioned for the changes going on in Canadian health care.

In the call, WELL discussed organic growth, which is better than we expected. Yes, acquisitions have driven revenues higher but there is growth internally as well. It is also becoming more profitable: gross profit was up 97% last year, and it was also free cash flow positive. CRH, which investor were skeptical of, is doing well, with revenue up 11% in the 4Q. A new billings provider will reduce costs as well (CRH did take a writedown due to issues at the prior billings provider). MYhealth and Circle are also performing better than expected. (5iResearch)

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