Business
WELL Forms Canadian Clinics Business Unit, Expands Credit Agreement, and Ramps up Clinic Growth
WELL Forms Canadian Clinics Business Unit, Expands Credit Agreement, and Ramps up Clinic ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Forms Canadian Clinics Business Unit, Expands Credit Agreement, and Ramps up Clinic Growth\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 forms a new business unit to consolidate its Canadian outpatient clinic businesses into a highly integrated national 'bricks and clicks' clinic platform reflecting 'hybrid' care. The new business unit will include WELL's Primary Care, Allied Health, and MyHealth Specialized Care businesses and supports almost 1,300 healthcare practitioners.\n \n \n WELL has expanded its\n \n $200 million\n \n senior secured credit facilities\n \n (1)\n \n led by Royal Bank of\n \n Canada\n \n (\"\n \n RBC\n \n \") and supported by a syndicate of lenders to encompass the Canadian Clinics Business Unit and extended it until 2026, providing the Company with additional access to credit to help grow WELL's fleet of outpatient clinic locations.\n \n \n WELL is ramping up its growth in new clinics. In the last couple of weeks, WELL has expanded its clinical presence with two new clinics: one each in\n \n Ontario\n \n and\n \n British Columbia\n \n and has established a strong pipeline of new prospects.\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 14, 2022\n \n \n /CNW/ -\n \n WELL Health Technologies Corp.\n \n (TSX: WELL) (OTCQX: WHTCF) (the \"\n \n Company\n \n \" or \"\n \n WELL\n \n \"), a practitioner focussed digital health company positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce it has formed a new legal entity called WELL Health Canada Clinics Inc. (\n \n \"Canadian Clinics Business Unit\"\n \n ) to house its Canadian omni-channel clinical businesses. These businesses include the Company's previous Primary Care, Allied Care and MyHealth Specialized Care business units.\n \n \n \n \n \n \n \n \n \n The Canadian Clinics Business Unit represents WELL's owned and operated fleet of Omni-Channel outpatient clinics leveraging WELL's highly integrated 'hybrid' brick and mortar and vir...