Sunday, June 1, 2025

Latest

Well Health Closes On 51% Acquisition Of Doctors Services Group

WELL Health Technologies Corp. (TSX: WELL) today announced that its wholly-owned subsidiary, DoctorCare, has finalized the acquisition of a 51% stake in Doctors Services Group Limited. Founders of the company will continue to hold the remaining 49% stake in the firm.

Doctors Services Group offers uninsured services billing programs as well as a suite of added tools and services that enhances patient care and transforms practice productivity. DSG is expected to expand and complement WELL’s back-office business unit and billing which was initially put together in November 2020 with the acquisition of DoctorCare.

The transaction was finalized following a share purchase agreement on April 29, 2021. The total purchase price for the 51% stake amounted to $1,425,000, of which $475,000 was paid in cash, $475,000 was paid in shares, and the remainder being a multi-year earn out. The transaction also offers Well Health the opportunity to acquire the remaining issued and outstanding shares of Doctors Services Group by way of a call option.

It’s expected that Doctors Services Group will be an immediately accretive acquisition, generating upwards of $450K of normalized EBITDA per calendar year.

WELL Health Technologies Corp. last traded on the TSX at $7.08.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Solaris Resources: The Royal Gold Financing Package

How a Single Deal Turned 2 ‘Dead’ Mines into a $2B Project | Canadian Copper PEA – Simon Quick

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Recommended

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Canadian Copper: The $172M Combined Strategy PEA

Related News

Haywood Reiterates $12 Price Target On Well Health

On January 20th, Well Health (TSX: WELL) provided a business update which included fourth quarter...

Monday, January 24, 2022, 04:22:00 PM

WELL Health Sees CRH Take Majority Stake Of Two Anesthesia Practices

WELL Health Technologies Corp. (TSX: WELL) announced this morning that its recently acquired subsidiary CRH...

Thursday, May 27, 2021, 08:45:08 AM

Well Health To Acquire CRH Medical For US$369.2 Million

Well Health Technologies (TSX: WELL) this morning continued with its strategy of acquiring medical-related assets,...

Monday, February 8, 2021, 07:24:11 AM

Well Health Reports New Record Patient Visits For Month Of January

Well Health (TSX: WELL) looked to stop the bleeding of its share price this morning...

Tuesday, March 15, 2022, 09:03:06 AM

WELL Health Sees CRH Acquire Connecticut Operator, Announces Approval Of Share Buyback Program

WELL Health Technologies Corp. (TSX: WELL) announced today that its recently acquired subsidiary CRH Medical...

Monday, May 10, 2021, 09:43:47 AM