Business
WELL's Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition
WELL's Clinical Business Unit Expands Corporate and Executive Health Services with Comple...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL's Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition\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.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n ExecHealth, a provider of primary care and executive health services in the\n \n Ottawa\n \n region, is WELL's first acquisition of clinical assets in the Province of\n \n Ontario\n \n .\n \n \n For the 12 months ended\n \n February 28, 2021\n \n , ExecHealth had unaudited revenues of approximately\n \n $3M\n \n , of which greater than two-thirds is considered recurring membership revenue with EBITDA\n \n (1)\n \n Margins exceeding 50%.\n \n \n ExecHealth is expected to be a highly accretive acquisition and has organically grown both its revenues and EBITDA at growth rates of over 20% over the past three years.\n \n \n ExecHealth represents WELL Health Clinic Network's continued expansion into the premium margin corporate and executive health services market.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n May 3, 2021\n \n /CNW/ -\n \n WELL Health Technologies Corp.\n \n (TSXV: 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 completed its previously announced acquisition (the \"\n \n Transaction\n \n \") of ExecHealth Inc. (\"\n \n Exechealth\n \n \"). ExecHealth is an omni-channel healthcare provider located in\n \n Ottawa, Ontario\n \n , specializing in corporate and executive health, primary care and integrated health services.\n \n \n \n \n \n \n \n \n \n \"We are pleased to welcome the talented ExecHealth team to WELL and expand our network into On...