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WELL Health to Expand its Canadian Clinic Network with Acquisition from Shoppers Drug Mart Inc. of Medical Clinics operating as "The Health Clinic by Shoppers(TM)"
WELL Health to Expand its Canadian Clinic Network with Acquisition from Shoppers Drug Mart Inc. o...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health to Expand its Canadian Clinic Network with Acquisition from Shoppers Drug Mart Inc. of Medical Clinics operating as \"The Health Clinic by Shoppers™\"\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 WELL is adding 10 primary care medical clinics operating under the name \"The Health Clinic by Shoppers\n \n TM\n \n \" to its national primary care network.\n \n \n The 10 clinics are located in\n \n Ontario\n \n and BC and include over 35 physicians. WELL expects the clinics to contribute approximately\n \n $8M\n \n in annual revenue.\n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n TORONTO\n \n \n ,\n \n \n April 16, 2024\n \n \n /CNW/ - WELL Health Clinic Network Inc. (\"WELL\"), a subsidiary of WELL Health Technologies Corp. (TSX: WELL), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce it has entered into an agreement with Shoppers Drug Mart Inc. (\"Shoppers\") to acquire all of the primary care medical clinics operated by Shoppers under the name \"The Health Clinic by Shoppers™\".  \"The Health Clinic by Shoppers™\" comprises of 10 clinics (four in\n \n British Columbia\n \n and six in\n \n Ontario\n \n ), with over 35 physicians on staff.  Post-close, WELL will rebrand these clinics under the WELL Clinic brand.\n \n \n \n \n \n \n \n \n \n \"We are pleased to welcome the clinical and medical teams from 'The Health Clinic by Shoppers™ ' to the WELL primary care family in\n \n British Columbia\n \n and\n \n Ontario\n \n \" said Dr.\n \n Michael Frankel\n \n , Chief Medical Officer and President of Canadian Clinics for WELL Health. \"We will continue to ensure that these locations support optimal patient outcomes.\"\n \n \n WELL will onboard the 10 clinics through its Clinic Absorption program and intends to enhance operational and service capabilities across the newly added clinics, through its Clinic Transformation Team. WELL will...