WELL Health Acquires MyHealth Partners
June 7, 2021
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.
- Buyers
- WELL Health Technologies Corp.
- Targets
- MyHealth Partners Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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