Business
WELL Health Announces Two New Acquisitions into WELL EMR Group and Reaches 2,200 Clinics Under Management
WELL Health Announces Two New Acquisitions into WELL EMR Group and Reaches 2,200 Clinics ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Announces Two New Acquisitions into WELL EMR Group and Reaches 2,200 Clinics Under Management\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: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 8, 2021\n \n /CNW/ -\n \n WELL Health Technologies Corp.\n \n (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 provide the following update related to its WELL EMR Group:\n \n \n \n \n \n \n \n \n \n \n WELL continues to grow the WELL EMR Group both inorganically and organically through 'tuck-in' acquisitions and strategic alliances that migrate clinics to WELL's OSCAR Pro platform.\n \n \n WELL announces its acquisition of 100% of the issued and outstanding shares in the capital of Open Health Software Solutions Inc. (\"\n \n OpenHealth\n \n \"), an OSCAR\n \n (1)\n \n service provider to medical clinics primarily located in\n \n Ontario\n \n .\n \n \n During the last few months of 2020, WELL successfully transitioned all clinics from ClearMedica Corporation (\"\n \n ClearMedica\n \n \"), formerly a certified OSCAR service provider, onto WELL's OSCAR Pro platform.\n \n \n WELL has entered into a customer purchase agreement with a certified non-OSCAR EMR provider to migrate its clinics and physicians onto OSCAR Pro. This migration is expected to add several hundred more clinics to WELL's EMR network.\n \n \n WELL EMR Group had a record quarter in Q4-2020 growing more than 100% year-over-year compared to Q4 of the previous year, and achieved over 25% EBITDA margins\n \n (2)\n \n in the fourth quarter. Additionally, clinics using WELL's OSCAR EMR platforms generated approximately\n \n $325M\n \...