Business
WELL Health Completes Acquisition of Intrahealth -Boosting its Digital Health SaaS Revenue and Expanding its EMR Business to International Markets
WELL Health Completes Acquisition of Intrahealth -Boosting its Digital Health SaaS Revenu...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Completes Acquisition of Intrahealth -Boosting its Digital Health SaaS Revenue and Expanding its EMR Business to International Markets\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.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Intrahealth is a transformational acquisition for the WELL EMR Group as it transitions the business unit from solely providing\n \n OSCAR EMR\n \n \n (1)\n \n services to being a provider of multiple EMR product offerings in global markets.\n \n \n Intrahealth is an enterprise class EMR provider supporting approximately 15,000 clinicians providing care for millions of patients from small clinics to large health delivery organisations in its global network across\n \n Canada\n \n ,\n \n Australia\n \n and\n \n New Zealand\n \n .\n \n \n Over the past 12 months Intrahealth generated approximately\n \n $9M\n \n in revenues with over 20% in EBITDA margin\n \n (2)\n \n . Over 80% of Intrahealth's revenue is high margin recurring revenue.\n \n \n WELL also anticipates integrating Intrahealth to the\n \n apps.health\n \n marketplace in the coming months, paving the way for third party app developers to have their digital health applications available on both OSCAR Pro and Intrahealth platforms.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n April 5, 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 announce it has closed the share purchase agreement dated\n \n March 7, 2021\n \n with the shareholders of Intrahealth Systems Limited, a\n \n New Zealand\n \n company (\"\n \n Intrahealth\n \n \"), and acquired all of the issued and ou...