Business
WELL's DoctorCare Expands Billing & Backoffice Services with Proposed Majority Stake Acquisition of Doctors Services Group
WELL's DoctorCare Expands Billing & Backoffice Services with Proposed Majority Stake ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL's DoctorCare Expands Billing & Backoffice Services with Proposed 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.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.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 WELL's DoctorCare Expands Billing & Backoffice Services with Proposed Majority Stake Acquisition of Doctors Services Group\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 per year of normalized EBITDA\n \n (1)\n \n post-closing.\n \n \n DSG complements and expands WELL's billing and back-office business unit formed upon the acquisition of DoctorCare in\n \n November 2020\n \n .\n \n \n \n \n VANCOUVER\n \n ,\n \n April 30, 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 it has entered into a definitive share purchase agreement dated\n \n April 29, 2021\n \n (the \"\n \n Agreement\n \n \") to acquire 51% of the issued and outstanding shares of DSG (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 \n \n \n \n \n \n \"The proposed acquisition of Doctors Services Group will be our first acquisition in our Billing and Backoffice business unit, augmentin...