Business
WELL Health Completes Acquisition of Insig Corporation, a Leader in Virtual Care and Digital Patient Engagement Services in Canada
WELL Health Completes Acquisition of Insig Corporation, a Leader in Virtual Care and Digi...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Completes Acquisition of Insig Corporation, a Leader in Virtual Care and Digital Patient Engagement Services in Canada\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 VANCOUVER, BC, Nov. 12, 2020\n \n \n \n \n \n INSIG Corporation (\"\n \n INSIG\n \n \") is a leading Canadian virtual care platform with a unique SaaS enabled marketplace currently supporting over 2,800 healthcare practitioners with approximately 200,000 virtual care appointments\n \n (1)\n \n served in the last 90 days.\n \n \n WELL has been leveraging INSIG's full stack platform to power digital patient engagement applications such as: telehealth, online patient booking, self-service check-in and intelligent questionnaires. WELL already owned approximately 40% of INSIG and has now acquired the remainder of the company.\n \n \n This acquisition is expected to result in the addition of approximately\n \n $6.5 million\n \n in annual revenues to WELL after elimination of intercompany revenues. INSIG has on average grown at double digit monthly growth rates since the beginning of the year.\n \n \n INSIG will boost WELL's virtual care product offering as the combination of INSIG's Tia Health with WELL's VirtualClinic+ is expected to position WELL as one of the top providers of telehealth and related services in\n \n Canada\n \n .\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 12, 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 completed its previously announced acquisition of the remaining issued and outstanding shares in the capital of INSIG that WELL doesn't already own (the \"\n \n Transaction\n \n \"). The Transaction is pursuant to the definitive share purchase agreement dated\n \n November 6, 2020\n \n (the \"\n \n Agreement\n \n \") among the Company, INSIG and the selling shareholders of INSIG.  INSIG is now a wholly-owned ...