WELL Health Acquires Aware MD (Cerebrum) to Expand Cardiology EMR Offering

WELL Health Acquires CRH Medical Corporation

February 8, 2021

Healthcare Services

WELL Health Technologies announced an agreement to acquire all outstanding shares of CRH Medical Corporation for approximately US$292.7M in equity (US$4.00 per share) plus assumed debt, funded by a C$295.5M equity private placement led by Mr. Li Ka-shing and committed credit facilities. The acquisition gives WELL immediate scale in the U.S. healthcare market via CRH's anesthesia services across 69 ASCs and GI clinics, a network of ~3,200 gastroenterologists, and a patented medical device (the CRH O'Regan System), while materially improving WELL's revenue and cash-flow profile.

WELL Health Acquires ExecHealth Inc.

April 8, 2021

Healthcare Services

WELL Health Technologies Corp. agreed to acquire all issued and outstanding shares of ExecHealth Inc., an Ottawa-based omni-channel provider of primary, corporate and executive health services. The deal consideration includes CA$6.52M cash, CA$4.21M in WELL common shares and a performance-based earn-out of up to CA$1.89M; the transaction expands WELL's clinical footprint into Ontario and its premium corporate/executive health offering.

WELL Health Acquires MedBASE's OSCAR EMR Business

February 11, 2020

Healthcare Services

WELL Health Technologies Corp. agreed to acquire MedBASE Software Inc.'s OSCAR EMR business for total consideration of $650,000 (cash, shares and earn-out). The deal expands WELL's EMR footprint in Canada—adding MedBASE's service of 61 Ontario clinics and helping WELL grow to support approximately 1,507 primary care clinics nationwide.

WELL Health Acquires MyHealth Partners

June 7, 2021

Healthcare Services

WELL Health Technologies Corp. agreed to acquire MyHealth Partners Inc. for C$206M in cash, shares and debt financing plus a contingent earn-out of up to C$60M, making WELL the largest outpatient medical clinic owner-operator in Canada and a leading multi-disciplinary telehealth provider. MyHealth operates 48 locations across Ontario (with ~75% of consultations via telehealth) and is expected to generate proforma revenues of approximately C$100M with ~20% EBITDA margins in 2021.

WELL Health Technologies Acquires Intrahealth Systems Limited

March 7, 2021

Healthcare Services

WELL Health Technologies Corp. agreed to acquire all outstanding shares of Intrahealth Systems Limited for approximately $19.25 million to expand its EMR product suite and accelerate international growth. The acquisition adds an enterprise-class EMR (Profile EMR) with strong recurring revenue (over 80%) and ~ $9M in trailing 12-month revenue, broadening WELL's footprint into New Zealand and Australia and enhancing cross-sell opportunities across the WELL EMR Group.

HEALWELL AI Acquires Intrahealth Systems from WELL Health Technologies

January 25, 2024

Healthcare Services

HEALWELL AI Inc. agreed to acquire Intrahealth Systems Limited from WELL Health Technologies Corp. for approximately $24.2 million, primarily paid in HEALWELL shares. The acquisition adds a mature, SaaS-based EHR platform supporting ~15,000 clinicians (expected >$12M revenue in 2024, >80% gross margins) and will be integrated with HEALWELL's AI tools to create an AI-powered EHR.