Business
WELL Health to Acquire Adracare - A Comprehensive Omni-Channel Practice Management Platform for Allied Health Professionals Operating in Five Countries
WELL Health to Acquire Adracare - A Comprehensive Omni-Channel Practice Management Platfo...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health to Acquire Adracare - A Comprehensive Omni-Channel Practice Management Platform for Allied Health Professionals Operating in Five Countries\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{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n VANCOUVER, BC\n \n AND\n \n TORONTO\n \n ,\n \n Dec. 17, 2020\n \n /CNW/ -\n \n WELL Health Technologies Corp.\n \n (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 that:\n \n \n \n \n \n \n \n \n \n \n WELL has entered into a share purchase agreement dated\n \n December 16, 2020\n \n (the \"\n \n Agreement\n \n \") with the shareholders of Adracare Inc. (\"\n \n Adracare\n \n \"), whereby WELL has agreed to acquire all of the issued and outstanding shares of Adracare (the \"\n \n Transaction\n \n \").\n \n \n Adracare is an omni-channel practice management platform serving over 6,800 healthcare practitioners in\n \n Canada\n \n ,\n \n the United States\n \n , the\n \n United Kingdom\n \n ,\n \n Australia\n \n and New Zealand.  Adracare's largest customer sectors include mental health, medicinal cannabis and physical therapy.\n \n \n The Adracare platform was built to support providers of all sizes from SMB to large enterprises.  Currently some of the largest physiotherapy and medicinal cannabis companies in\n \n Canada\n \n use and private label the  Adracare platform to support their customers.\n \n \n Adracare's platform provides for the ability to enable enterprise customers with private labeled consumer and provider apps available through the Apple iOS and Google Play app stores.\n \n \n Upon closing, the Transaction is expected t...