Business
WELL's DoctorCare Completes Majority Stake Acquisition of Doctors Services Group
WELL's DoctorCare Completes Majority Stake Acquisition of Doctors Services Group ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL's DoctorCare Completes Majority Stake Acquisition of Doctors Services Group\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.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Doctors Services Group Limited (\"\n \n DSG\n \n \") is a leader in the provision of uninsured services billing programs and a suite of additional tools and services to physicians that transform practice productivity and enhance patient care.\n \n \n DSG is expected to be an immediately accretive acquisition, generating over\n \n $450K\n \n of normalized EBITDA\n \n (1)\n \n per year.\n \n \n DSG complements and expands WELL's billing and back-office business unit initially formed in\n \n November 2020\n \n with the acquisition of DoctorCare.\n \n \n \n VANCOUVER, BC and\n \n TORONTO\n \n ,\n \n June 2, 2021\n \n /CNW/ - WELL Health Technologies Corp. (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 its wholly-owned subsidiary, DoctorCare, has completed the acquisition of a 51% stake in Doctors Services Group Limited (\"\n \n DSG\n \n \") (the \"\n \n Transaction\n \n \").  The remaining 49% of the issued and outstanding shares of DSG will be retained by the founders of DSG, who will continue to operate the company on a post-closing basis.\n \n \n \n Paulo Gomes\n \n , CEO of DoctorCare and head of WELL's Billing and Backoffice business unit commented, \"We welcome the team at DSG to the WELL family.  I am looking forward to working with DSG as we believe this will be a great complement to our DoctorCare s...