Business
WELL Health Acquires DoctorCare - the Market Leader for 'Billing as a Service' for Canadian Doctors
WELL Health Acquires DoctorCare - the Market Leader for 'Billing as a Service' for Canadi...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Acquires DoctorCare - the Market Leader for 'Billing as a Service' for Canadian Doctors\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 2, 2020\n \n \n \n \n \n DoctorCare uses proprietary software and systems to provide medical BAAS or \"Billing as a Service\" outsourcing services to over 2,000 physicians across\n \n Canada\n \n . DoctorCare's leading edge billing and back-office tools are designed to support doctors who don't have the benefit of a sophisticated back-office team.\n \n \n DoctorCare is a foundational acquisition for WELL as it serves as a new business unit focused on the North American medical billing and back-office marketplace. Led by Managing Directors\n \n Paulo Gomes\n \n and\n \n Adam Hutton\n \n , DoctorCare will serve as WELL's consolidation point for additional billing related acquisitions and other growth initiatives.\n \n \n DoctorCare currently has an annualized revenue run-rate of approximately\n \n $3.5M\n \n growing at over 20% on a YoY basis with EBITDA\n \n (1)\n \n margins exceeding 30%.\n \n \n DoctorCare is already integrated with WELL's OSCAR Pro EMR\n \n (2)\n \n and is featured on WELL's\n \n apps.health\n \n marketplace.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 2, 2020\n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \"), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce it has entered into and closed a definitive share purchase agreement dated\n \n November 1, 2020\n \n (the \"\n \n Agreement\n \n \") with the shareholders of DoctorCare Inc. (\"\n \n D...