WELL Health makes an acquisition

Article Excerpt

WELL HEALTH TECHNOLOGIES, $5.06, is a buy. The company (Toronto symbol WELL; TSINetwork Rating: Speculative) (www.well.company; Shares o/s: 229.1 million; Market cap: $1.2 billion; No dividends paid) is now buying five primary-care clinics in Calgary from MCI Onehealth Technologies for $2.0 million. The acquisition will bring over 50 physicians into the WELL Health network, adding to the company’s over 3,000 providers across North America. The five clinics will also add about $10 million in annual revenue. WELL Health will integrate the clinics into its existing primary care clinic network—and they will build on WELL Health’s previous acquisitions in Alberta, such as Inliv and CloudPractice. WELL Health Technologies is a buy. buy. …