Business
WELL Health Announces the Acquisition of CarePlus Management and Increases Annual Revenue Guidance
WELL Health Announces the Acquisition of CarePlus Management and Increases Annual Revenue Guidanc...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Announces the Acquisition of CarePlus Management and Increases Annual Revenue Guidance\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 has completed the acquisition of\n \n Atlanta\n \n based CarePlus Management (\"\n \n CarePlus\n \n \") through its CRH Medical subsidiary\n \n \n The acquisition of CarePlus provides CRH with a platform for provider recruitment and locum tenens staffing. The acquisition will also expand CRH's US geographical footprint of Anesthesia providers and add revenue cycle management (RCM) services.\n \n \n CarePlus positions CRH to provide more shared services to other US based business interests for WELL and increases its 2023 annual revenue guidance to be between\n \n $740 million\n \n and\n \n $760 million\n \n CAD.\n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n ATLANTA, Ga.\n \n \n ,\n \n \n July 13, 2023\n \n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (the \"\n \n Company\n \n \" or \"\n \n WELL\n \n \") — a practitioner focused digital health company that is positively impacting health outcomes by tech-enabling healthcare providers  and their patients globally, is pleased to announce its wholly owned subsidiary, CRH Medical (\"\n \n CRH\n \n \"), has completed the acquisition of CarePlus Management (\"\n \n CarePlus\n \n \") (the \"\n \n Transaction\n \n \"). In conjunction with this Transaction, WELL increases its annual revenue guidance for 2023 to be between\n \n $740 million\n \n and\n \n $760 million\n \n and re-iterates its annual Adjusted EBITDA guidance to exceed 10% annual growth.\n \n \n \n \n \n \n \n \n \n Headquartered in\n \n Atlanta, Georgia\n \n , CarePlus has three primary businesses: (i) RADAR Healthcare Providers (\"\n \n RADAR\n \n \") which provides staffing and locum tenens services focused on anesthesia providers; (ii) Anesthesia services division, similar to CRH's clinical anesthesia services and (iii) Premier Choice Billing (\"\n \n Premier Choice\n \n \") which provides billing, revenue cycle managemen...