logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Well Health Announces The Acquisition Of Careplus Management And Increases Annual Revenue Guidance

Jul 13, 2023over 2 years ago

Acquiring Company

WELL Health Technologies

Acquired Company

CarePlus Management

VancouverMedicalHealth Care

Description

WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (the "Company" or "WELL") — a practitioner focused digital health company that is positively impacting health outcomes by tech-enabling healthcare providers and their patients globally, is pleased to announce its wholly owned subsidiary, CRH Medical ("CRH"), has completed the acquisition of CarePlus Management ("CarePlus") (the "Transaction"). In conjunction with this Transaction, WELL increases its annual revenue guidance for 2023 to be between $740 million and $760 million and re-iterates its annual Adjusted EBITDA guidance to exceed 10% annual growth.

Company Information

Company

WELL Health Technologies

Location

Vancouver, British Columbia, Canada

About

WELL Health Clinic Network Inc. is a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally. It is a subsidiary of WELL Health Technologies Corp. and operates a comprehensive healthcare and digital platform, supporting primary care, specialized care, and diagnostic services.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed