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WELL Health Achieves Record Financial Results with Over $99M Quarterly Revenue and Over $22M Adjusted EBITDA in Q3-2021
WELL Health Achieves Record Financial Results with Over $99M Quarterly Revenue and Over $...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Achieves Record Financial Results with Over $99M Quarterly Revenue and Over $22M Adjusted EBITDA in Q3-2021\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.prngen5{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; BORDER-LEFT-COLOR:; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prngen6{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; BORDER-LEFT-COLOR:; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:1.17em\n}\n.prngen2{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:1.17em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WELL reported record quarterly revenues of\n \n $99.3 million\n \n in Q3-2021 reflecting a 711% year-over-year (YoY) increase compared to Q3-2020.  WELL's growth was primarily driven by the acquisitions of CRH Medical Corporation (\"\n \n CRH\n \n \") and MyHealth Partners Inc. (\"\n \n MyHealth\n \n \"), along with a 597% YoY increase in the Company's Virtual Services revenue\n \n (3)\n \n in the quarter.\n \n \n WELL achieved Adjusted EBITDA\n \n (2)\n \n of\n \n $22.3 million\n \n in Q3-2021, compared to Adjusted EBITDA\n \n (2)\n \n loss of\n \n $0.2 million\n \n for Q3-2020.\n \n \n WELL expects to end the calendar year with proforma annualized revenue run-rate approaching\n \n $450 million\n \n and Adjusted EBITDA\n \n (2)\n \n run-rate approaching\n \n $100 million\n \n .\n \n \n WELL delivered 582,958 total omni-channel patien...