Topic: How To Invest

Power Growth Investor Hotline – Friday, February 12, 2021

Article Excerpt

WELL HEALTH TECHNOLOGIES CORP., $8.69, is a buy. The company (symbol WELL on Toronto) provides Electronic Medical Records software and services to a network of 2,200 medical clinics. (It owns 27 of them.) WELL also operates a national telehealth service and is a provider of digital health technology software. The company is now acquiring CRH Medical Corporation (symbol CRH on Toronto) for $369.2 million U.S. At the same time, to help fund the purchase, WELL will sell shares to a group of institutional and individual investors, including Hong Kong magnate Mr. Li Ka-shing, to raise $295.5 million. The shares will sell for $9.80 each, a 13% premium to today’s stock price. WELL Health did not disclose details on what Mr. Li’s stake will be in the company after the deal. However, it will likely add to his 11% stake. CRH is a Canadian-based company that is focused on providing gastroenterologists throughout the U.S. with services and products for the treatment of gastrointestinal diseases…

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