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WELL Health Expands Primary Care Network with Acquisition of MCI Onehealth's Alberta Clinical Operations
WELL Health Expands Primary Care Network with Acquisition of MCI Onehealth's Alberta Clinical Ope...
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[{"type":"text","content":"\n \n \n \n WELL Health Expands Primary Care Network with Acquisition of MCI Onehealth's Alberta Clinical Operations\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WELL Health is acquiring five multi-disciplinary primary care clinics based in\n \n Calgary, Alberta\n \n from MCI Onehealth.\n \n \n The five clinics include over 50 physicians and based on historical results, WELL expects the assets to contribute approximately\n \n $10M\n \n in revenue.\n \n \n WELL will pay\n \n $2.0 million\n \n , subject to post-closing adjustments and holdbacks.\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 19, 2023\n \n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \"), a digital health company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce it has entered into a definitive share purchase agreement (the \"\n \n Transaction\n \n \") dated\n \n May 18, 2023\n \n to acquire all of the issued and outstanding shares of MCI Medical Clinics (\n \n Alberta\n \n ) Inc. (\"\n \n MCI AB\n \n \") from MCI Onehealth Technologies Inc. (TSX: DRDR)\n \n (\"MCI\n \n \"\n \n )\n \n . MCI AB owns and operates five primary care clinics in\n \n Calgary, Alberta\n \n .\n \n \n The five clinics, located in in the greater\n \n Calgary\n \n area, offer a range of primary care services, including family medicine, women's health, and other specialties. The acquisition brings more than 50 physicians to the WELL family as part of the Transaction, adding to WELL's over 3,000 providers in WELL's patient services business units across\n \n North America\n \n . These clinics will be integrated into WELL's existing primary care clinic network.\n \n \n \"We are very pleased to announce the acquisition of additional primary care clinics in\n \n Calgary\n \n , as it represents an excellent opportunity for us to expand and bring our comprehensive practitioner enablement platform to more pr...