Business
WELL Health to Acquire Majority Stake in Easy Allied Health, a leader in providing Integrated Care
WELL Health to Acquire Majority Stake in Easy Allied Health, a leader in providing Integr...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health to Acquire Majority Stake in Easy Allied Health, a leader in providing Integrated Care\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 VANCOUVER, BC, Oct. 23, 2020\n \n \n \n \n \n Easy Allied Health (or \"\n \n Easy Allied\n \n \") is comprised of a network of health experts focused on the fields of Physiotherapy, Occupational Therapy, Kinesiology, and Clinical Counselling. Easy Allied's mission is to provide a team of integrated health professionals to support the community in the most convenient way for clients to regain and maintain independence and manage pain.\n \n \n Easy Allied currently has a staff of 17 service providers that assist the community in distinct ways including in-clinic environments, via mobile services providing in-residence care and by providing care to independent and long-term care homes.\n \n \n This transaction will be immediately accretive to WELL Health. Easy Allied's current Annual Revenue Run Rate\n \n (1)\n \n is approximately\n \n $1M\n \n with operating EBITDA\n \n (2)\n \n margins that are greater than 35%.\n \n \n Easy Allied is already a strategic partner in WELL's clinical ecosystem helping WELL physicians successfully deliver valuable integrated care services. The parties plan to leverage WELL's digital technologies to offer allied health practitioners and patients with best-in-class telehealth services.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 23, 2020\n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (the \"\n \n Company\n \n or \"\n \n WELL\n \n \"), a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, is pleased to announce it has entered into a definitive share purchase agreement dated\n \n October 22\n \n , 2020 (the \"\n \n Agreement\n \n \") with the sole shareholder of Easy Allied, a private\n \n British Columbia\n \n corporation, pursuant to which WELL has agreed to acquire 51% of the issued and outstanding shares of Easy Allied (the \"\n \n Transaction\n \n \").  The remain...