WELL Health Acquires Indivica Inc.

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 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.

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 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.

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.