WELL Health Acquires Jack Nathan Medical Corp.'s Canadian Clinical Assets

WELL Health Acquires Seven Healthcare Assets Including Jack Nathan Health and Harmony Anesthesia Staffing

January 14, 2025

Healthcare Services

WELL Health Technologies completed seven acquisitions since December 2024 that together add approximately $100 million of annualized revenue, financed in cash. The deals include the acquisition of Jack Nathan Health (72-clinic network), physician recruitment platform Physicians For You, two primary care clinics (Lonsdale Clinic and HealthPark), two WELLSTAR technology assets (a regional EMR and a healthcare technology services business), and a 65% interest in Atlanta-based Harmony Anesthesia Staffing through its US subsidiary CRH.

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 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 Two Clinics in British Columbia (Vancouver & Burnaby)

July 8, 2025

Healthcare Services

WELL Health Technologies Corp. completed two acquisitions of clinics in British Columbia on July 1, 2025 — a personalized/ longevity-focused clinic in Vancouver and a large primary care and specialty clinic in Burnaby. The acquisitions are expected to add over C$12 million in annual revenue and roughly C$3 million in Adjusted EBITDA, supporting WELL's continued expansion of its Canadian clinics platform.

WELL Health Acquires INLIV to Expand Omni-Channel Executive Health Network into Alberta

June 21, 2022

Healthcare Services

WELL Health Technologies Corp. has entered into an asset purchase agreement to acquire the assets of INLIV Inc., a Calgary-based provider of primary care, preventative and corporate/executive health services. INLIV generated approximately CAD 7.3M in revenue for the 12 months ended April 30, 2022, has more than 50 staff and derives over 85% of revenue from recurring membership fees; the transaction consideration includes CAD 1,609,195 at closing plus a CAD 240,375 holdback and is expected to close in Q3 2022.

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.