Business
WELL Health Completes Acquisition of Majority Stake in Easy Allied Health
WELL Health Completes Acquisition of Majority Stake in Easy Allied Health Canad...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Completes Acquisition of Majority Stake in Easy Allied Health\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.prnml40{\nMARGIN-LEFT:3.33em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 3, 2020\n \n \n \n \n \n WELL completes majority acquisition of 51% ownership position in private company Easy Allied Health Inc. (\"\n \n Easy Allied\n \n \"), a provider of integrated allied health services.\n \n \n Easy Allied is comprised of a mobile network of health experts focused on the fields of physiotherapy, occupational therapy, kinesiology, and clinical counselling.  Easy Allied's mission is to provide a team of integrated health professionals to support the community in the most convenient way for clients to regain and maintain independence and manage pain.\n \n \n This transaction is immediately accretive to WELL.  Easy Allied's current Annual Revenue Run Rate\n \n (1)\n \n is approximately\n \n $1M\n \n with operating EBITDA\n \n (2)\n \n margins that are greater than 35%.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 3, 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 majority acquisition of 51% of the issued and outstanding shares in the capital of Easy Allied (the \"\n \n Transaction\n \n \").  The remaining 49% of the issued and outstanding shares of Easy Allied are held by Armin Ghayyur, the founder and CEO of Easy Allied, who will continue to operate Easy Allied.\n \n \n \n \n \n \n \n \n \n \"Easy Allied is a key asset and building block for our newly formed WELL Allied Care business unit,\" said\n \n Hamed Shahbazi\n \n , Chairman and CEO of WELL.  \"Armin and members of his team have already been working collaboratively with WELL and delivering valuable integrated care services to patients within our clinics.  We look forward to working more closely with the Eas...