Topic: How To Invest

Power Growth Investor Hotline – Friday, January 3, 2020

Article Excerpt

WELL HEALTH TECHNOLOGIES CORP., $1.57, is a buy. The company (symbol WELL on Toronto), provides Electronic Medical Records software and services to a network of 852 medical clinics (of which it owns 19). It serves 4,000 doctors and 15 million patients across Canada. WELL has received conditional approval from the Toronto Stock Exchange to list its common shares on the TSX main board and delist from the TSX Venture Exchange. Investors should expect the move early this year. In the quarter ended September 30, 2019, revenue soared 328.4%, to $8.2 million from $1.9 million in the quarter ended October 31, 2018. WELL lost $4.8 million, or $0.05 a share, compared to a loss of $918,849, or $0.01, due to higher costs to expand operations and integrate acquisitions. The company’s balance sheet is strong with cash of $19.4 million and long-term debt of just $8.9 million. WELL’s growth-by-acquisition strategy adds risk for its investors. However, the Canadian health-care sector is a $254 billion, government-backed, recession-resilient…

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.