WELL Health jumps on U.S. expansion plans

Article Excerpt

WELL shares shot up recently after the software provider for medical clinics announced plans to expand into the U.S. market. The stock is up 431.1% for our subscribers since we first recommended it in the November 2019 issue of Power Growth Investor at $1.32. WELL HEALTH TECHNOLOGIES $7.01 is a buy. This operator of medical clinics and industry software provider (Toronto symbol WELL; TSINetwork Rating: Speculative) (www.well.company; Shares o/s: 131.0 million; Market cap: $949.5 million; No divd.) is taking a majority stake in Silicon Valley-based Circle Medical. That firm is a nationwide U.S. telehealth provider and delivers virtual primary healthcare in 35 states. Circle Medical will extend its telehealth services to the majority of the remaining states within the next few months. That firm also owns and operates two California based brick-and-mortar clinics. WELL will pay $14.0 million U.S. for an approximate 56% to 60% interest in the U.S. company. Circle Medical has “payer” agreements with most of the major U.S. health insurance carriers. This lets an…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.