Topic: How To Invest

Power Growth Investor Hotline – Friday, May 26, 2023

Article Excerpt

WELL HEALTH TECHNOLOGIES CORP., $4.59, is a buy. The company (symbol WELL on Toronto) owns and operates Canada’s largest network of clinics supporting primary care, specialized care and diagnostics services. In the U.S., WELL Health provides healthcare services and solutions targeting specialized markets such as the gastrointestinal market, women’s health, primary care, and mental disorders. As well, in addition to providing patient services, the company sells its own suite of technology software and solutions to medical clinics and healthcare practitioners. WELL Health’s practitioner enablement platform includes: Electronic Medical Records, telehealth platforms, practice management, billing, revenue cycle management, digital health apps and data protection solutions. WELL Health 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 its over 3,000 providers across North America. The five clinics will also add about $10 million in annual revenue. The company will integrate the clinics into its existing…