Business
WELL Health Forms Two Lines of Business for All Operations and Provides Key Progress Updates on CRH Medical and MyHealth
WELL Health Forms Two Lines of Business for All Operations and Provides Key Progress Upda...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Forms Two Lines of Business for All Operations and Provides Key Progress Updates on CRH Medical and MyHealth\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 PR Newswire\n \n \n \n \n \n WELL has organized all its business operations in two key lines of business, Omni-Channel Patient Services and Virtual Services\n \n 1\n \n \n \n Omni-Channel Patient Services includes all patient services businesses that have exposure to in-person operations in addition to virtual care and/or other business models. Virtual Services are comprised of businesses that are almost entirely digital in nature inclusive of SaaS and services, revenues from the company's practitioner enablement platform or patient services businesses and have little to no exposure to in-person care.\n \n \n WELL acquired both CRH Medical or \"\n \n CRH\n \n \" and MyHealth Partners or \"\n \n MyHealth\n \n \" in the past few months and is pleased to report that both are on track and producing as expected. Both CRH Medical and MyHealth are part of the Omni-Channel Patient Services Group.\n \n \n CRH Medical will deliver north of\n \n US$40M\n \n in free cash flow before leverage and tax costs in 2021 and will have completed another 10 additional tuck-in transactions in 2021, positioning for elevated cashflow performance in 2022.\n \n \n MyHealth has completed two tuck-in transactions post becoming a WELL Health company and is expected to continue to grow with double-digit organic growth rates in 2022 and deliver north of\n \n CAD$20M\n \n in free cashflow in 2022.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 28, 2021\n \n /PRNewswire/ -\n \n WELL Health Technologies Corp.\n \n (TSX: WELL) (the \"\n \n Company\n \n \" or \"\n \n WELL\n \n \"), a company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to provide key updates on the company's newly updated lines of business and progress reports on its two largest acquisitions to date, CRH Medical and M...