Wednesday, October 8, 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.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Well Health Sees Patient Visits Post Continued Growth In Q3

Well Health (TSX: WELL) this morning released preliminary third quarter results as it looks to...

Wednesday, November 2, 2022, 08:29:47 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 Reports Q4 Revenues Of $17.2 Million, Net Income Of $5.8 Million

WELL Health Technologies (TSX: WELL) this morning reported their fourth quarter and full fiscal year...

Thursday, March 18, 2021, 09:03:32 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

CloudMD Sells Several Assets At A Loss To Well Health

CloudMD Software & Services (TSXV: DOC) is apparently in the process of selling off certain...

Tuesday, October 11, 2022, 09:32:29 AM