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WELL Health Completes Acquisition of Jack Nathan Health's Canadian Clinical Assets Begins to Operate Clinics at Wal-Mart with Intent to Grow Network, and Improve Accessibility to Quality Healthcare Across Canada
WELL Health Completes Acquisition of Jack Nathan Health's Canadian Clinical Assets Begins to Oper...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n\n\n\n WELL Health Completes Acquisition of Jack Nathan Health's Canadian Clinical Assets Begins to Operate Clinics at Wal-Mart with Intent to Grow Network, and Improve Accessibility to Quality Healthcare Across 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\n\n\n WELL has completed the acquisition of the Canadian clinical assets from Jack Nathan Medical Corp. including a network of 13 owned and operated clinics, which generated revenue of over $9 million in the past 12 months. The portfolio of owned and operated clinics is expected to operate profitably on an adjusted EBITDA basis in 2025, following immediate synergies with WELL's shared services program and application of WELL's clinic transformation program.\n \n\n WELL also acquired 59 licensee clinics that generate approximately $2.2 million annually in high margin revenue and will become the model for WELL's new 'Affiliate Clinic' business stream.\n \n\n WELL has also entered into various agreements with Walmart Canada that provide a framework to support the potential expansion of WELL's clinical network within Walmart Canada's footprint of over 400 locations over time.\n \n\n The acquired clinics will be rebranded as WELL Health Medical Centres, and will reflect WELL's tech enabled approach to delivering quality healthcare over time.\n \n\n\n\n\n VANCOUVER, BC\n \n and\n \n TORONTO\n \n\n ,\n \n\n Dec. 2, 2024\n \n\n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \"), a digital healthcare company focused on improving health outcomes through technology and empowering healthcare providers globally, is pleased to announce the closing of the previously announced transaction (the \"\n \n Transaction\n \n \") to acquire the Canadian clinical assets of Jack Nathan Medical Corp. (TSXV: JNH) (\"\n \n\n Jack Nathan\n \n\n \"). The Transaction includes a network of 13 owned and operated primary care clinics across 10 Canadian cities and a clinic licensing business with 59 licensee clinics under...