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WELL Health to Expand its Omni-Channel Network into Alberta with Planned Acquisition of Executive Health Leader INLIV
WELL Health to Expand its Omni-Channel Network into Alberta with Planned Acquisition of E...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health to Expand its Omni-Channel Network into Alberta with Planned Acquisition of Executive Health Leader INLIV\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{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n INLIV, a premium omni-channel provider of primary care, consumer preventative health, corporate and executive health in the\n \n Greater Calgary\n \n region, is WELL's first acquisition in the Province of\n \n Alberta\n \n .\n \n \n For the 12 months ended\n \n April 30, 2022\n \n , INLIV had revenues of approximately\n \n $7.3M\n \n with double digit Adjusted EBITDA\n \n (1)\n \n margins.\n \n \n INLIV has over 1,000 customers and 85%+ of its revenues are attributable to recurring membership fees.\n \n \n INLIV is expected to be a highly accretive acquisition and represents WELL Health Clinic Network's continued expansion into the premium preventative, corporate and executive health services market with annual revenues approaching\n \n $20M\n \n per year in premium executive and corporate health revenues alone.\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 21, 2022\n \n \n /CNW/ -\n \n WELL Health Technologies Corp.\n \n (TSX: WELL) (the \"\n \n Company\n \n \" or \"\n \n WELL\n \n \"), a digital health 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 asset purchase agreement to acquire the assets of INLIV Inc. (\"\n \n INLIV\n \n \") (the \"\n \n Transaction\n \n \"). INLIV is a healthcare provider located in\n \n Calgary, Alberta\n \n , specializing in consumer preventative health, corporate and executive health, primary care,...