Business
WELL Health Provides Corporate Update on Canadian Clinics Business, Reflecting Improved Guidance and an Expanded Credit Facility
WELL continues to demonstrate strong momentum through continued organic and inorganic growth and ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"WELL Health Provides Corporate Update on Canadian Clinics Business, Reflecting Improved Guidance and an Expanded Credit Facility\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n WELL continues to demonstrate strong momentum through continued organic and inorganic growth and is pleased to announce that it is ahead of internal expectations and has updated its guidance for its Canadian Patient Services segment to over $450 million\n \n (1)\n \n in revenue and over $60 million\n \n (1)\n \n in Adjusted EBITDA\n \n (2)\n \n for fiscal 2025.\n \n\n WELL’s Canadian Clinics business has successfully closed two acquisition transactions on July 1, 2025, which are expected to contribute over $12 million in annual revenue and approximately $3 million in Adjusted EBITDA. The total Canadian Clinics pipeline is comprised of 124 clinics representing approximately $370 million in revenue and $50 million in Adjusted EBITDA.\n \n\n WELL and its lenders, led by Royal Bank of Canada (“RBC”) have extended and expanded the Company’s senior secured credit facility to 2027, converting the accordion feature to a revolver and increasing total capacity to approximately $200 million\n \n (3)\n \n .\n \n\n WELL’s continued focus on digitization and modernization of its primary care clinics is resulting in a significant multi-million-dollar cost optimization initiative designed to improve efficiency and enhance operational excellence of its clinics across Canada.\n \n\n\n\n\n WELL Health Technologies Corp. (TSX: WELL) (“\n \n WELL\n \n ” or the “\n \n Company\n \n ”), a company focused on positively impacting health outcomes by leveraging technology to empower healthcare providers and their patients, is pleased to provide a corporate update highlighting continued growth and improved financial guidance for its Canadian Clinics Business, progress on its M&A pipeline, the expansion of its RBC-led credit facility, and disclosure on a material cost optimization and efficiency initiative.\n \n\n WELL continues to demonstrate strong momentum through continued organic and inorganic growth and is pleased to announce that it is ahead of internal expectations and has updated its guidance fo...