WELL doubles revenue with this buy

Article Excerpt

WELL HEALTH TECHNOLOGIES $8.47 is a buy. The company (Toronto symbol WELL; TSINetwork Rating: Speculative) (www.well.company; Shares outstanding: 163.0 million; Market cap: $1.4 billion; No dividends paid) is now acquiring CRH Medical Corporation (symbol CRH on Toronto) for $369.2 million U.S. That Canada-based company is focused on providing gastroenterologists throughout the U.S. with services and products for the treatment of gastrointestinal diseases. This includes anesthesia services for patients undergoing endoscopic procedures in ambulatory surgical centres. CRH now serves 69 ambulatory surgical centres in 13 U.S. states. And with annual revenue of over $120 million, it will boost WELL’s current revenue by around 120%. WELL Health Technologies is a buy. buy…