Business
WELL Health Provides Corporate Update Reflecting Continued Strength in its US Businesses
WELL Health Provides Corporate Update Reflecting Continued Strength in its US Businesses ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Provides Corporate Update Reflecting Continued Strength in its US Businesses\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 \n WELL's US based virtual services businesses, Circle Medical and Wisp, accelerated to 124% organic growth on a YoY basis in fiscal Q3 exceeding an annualized revenue run rate of\n \n US$100 million\n \n on a combined basis. Both businesses also operated profitably on an Adjusted EBITDA basis in Q3.\n \n \n \n \n CRH has acquired Grand Canyon Anesthesia which brings more than 100 credentialed providers into WELL's practitioner-centric business. The acquisition is expected to generate over\n \n US$16 million\n \n in annual revenue and Adjusted EBITDA of more than\n \n US$2 million\n \n .\n \n \n \n \n WELL expects to preview its full Q3 patient visit metrics in the coming weeks prior to its Q3 earnings disclosure.\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Oct. 17, 2022\n \n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (the \"\n \n Company\n \n \" or \"\n \n WELL\n \n \") — a practitioner focused digital health company that is positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to provide several key business updates including updates on its US based businesses Circle Medical Inc. (\"\n \n Circle Medical\n \n \"), Wisp Inc. (\"\n \n Wisp\n \n \") and CRH Medical Corp. (\"\n \n CRH\n \n \").\n \n \n \n \n \n \n \n \n \n \n Hamed Shahbazi\n \n , CEO and Founder of WELL said, \"Despite an increasingly difficult macroeconomic backdrop, the team at WELL continues to execute on our disciplined growth strategy reflecting strong overall organic and inorganic growth achievements. While both our US and Canadian businesses are healthy and growing, we felt that especially in light of the strong US dollar currency, we would highlight the tremendous growth and success we are experiencing in the US market. We look forward to providing further information on our Q3 clinica...