Business
WELL Health Announces Expansion into Québec with Acquisition of ExcelleMD, a Leader in Omni-Channel Integrated Primary Care, Executive Health and Aesthetic Services
WELL Health Announces Expansion into Québec with Acquisition of ExcelleMD, a Leader ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Announces Expansion into Québec with Acquisition of ExcelleMD, a Leader in Omni-Channel Integrated Primary Care, Executive Health and Aesthetic Services\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: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; 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 VANCOUVER, BC AND\n \n MONTREAL, QC\n \n ,\n \n Dec. 8, 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:\n \n \n \n \n \n \n \n \n \n \n WELL completes the acquisition of all the issued and outstanding shares of ExcelleMD Inc. (\"\n \n ExcelleMD\n \n \") and its affiliate VirtuelMED Inc. (\"\n \n VirtuelMED\n \n \") following the closing of the share purchase agreement dated\n \n December 8, 2020\n \n with the shareholders of ExcelleMD and VirtuelMED.\n \n \n ExcelleMD is a Montréal based omni-channel healthcare company providing both virtual and in-person care via its five multi-disciplinary clinics and 38 healthcare practitioners. ExcelleMD offers an extensive menu of services including primary healthcare, executive health and aesthetic services.\n \n \n ExcelleMD's current Annual Revenue Run-rate\n \n (1)\n \n is approximately\n \n $6M\n \n with operating EBITDA\n \n (2)\n \n margins that are greater than 20%. ExcelleMD's business is growing quickly while consistently experiencing YoY double digit growth over the past several years.\n \n \n This highly accretive acquisition marks WELL's entry into the prov...