Business
WELL Health Provides Business Update Reflecting Strong Growth and Enhanced Revenue Outlook for Q2-2022
WELL Health Provides Business Update Reflecting Strong Growth and Enhanced Revenue Outloo...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Provides Business Update Reflecting Strong Growth and Enhanced Revenue Outlook for Q2-2022\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{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WELL expects\n \n 1\n \n to announce strong financial results for Q2-2022 with another record performance as revenues are expected to be greater than\n \n C$130 million\n \n in the quarter.\n \n \n Total omni-channel patient visits\n \n 2\n \n in Q2-2022 increased by 50% YoY and a 7% increase when compared sequentially to the previous quarter.\n \n \n WELL's US focused virtual patient services businesses continue to grow rapidly, with Circle Medical and Wisp exceeding\n \n C$115 million\n \n in annualized revenue run-rate on a combined basis in\n \n June 2022\n \n , reflecting over 150% YoY growth and delivering positive Adjusted EBITDA\n \n 3\n \n .\n \n \n CRH Medical's 1,100+ credentialed practitioners delivered a record quarterly performance of 125,160 completed patient cases fuelled by solid organic growth.\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 21, 2022\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 health company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to provide preliminary results for Q2-2022 ending June 30, 2022.\n \n \n \n \n \n \n \n \n \n WELL expects\n \n 1\n \n to report strong financial results underpinned by significant growth in patient visits. The Company is pleased to report preliminary results for Q2-2022 with revenue expected to exceed C$130 mi...