WELL Health Streamlines Operations Into Two Business Lines

WELL Health Technologies Corp. (TSX: WELL) seems to be reorganizing and streamlining its operations. The firm shared today that it has updated its lines of business to focus on two divisions.

The company is “simplifying” its organization by forming two key business lines: Omni-Channel Patient Services and Virtual Services.

The key difference between the two is its exposure to brick-and-mortar operations. Omni-Channel Patient Services have both in-person and virtual care models while Virtual Services have little exposure to in-person operations.

“WELL provides healthcare practitioners a powerful choice to modernize their practice, you can choose to source any part of our digital practitioner enablement platform directly for your own patient service business or you can join one of WELL’s own patient services businesses,” said WELL Health’s Chief Medical Officer Michael Frankel.

The firm also relayed that the recently acquired CRH Medical and MyHealth Partners will also be part of Omni-Channel Patient Services. CRH Medical is expected to deliver around US$40 million in free cash flow in 2021 while MyHealth Partners is expected to deliver around $20 million in free cash flow in 2022.

WELL Health Technologies Corp. last traded at $6.52 on the TSX.


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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Well Health To Raise $65.0 Million Via Convertible Debt

Well Health Technologies (TSX: WELL) is returning to the trough just days after reporting its...

Tuesday, November 16, 2021, 08:25:55 AM

WELL Health Provides Corporate and COVID-19 Update

WELL Health Technologies Corp (TSX: WELL) has released its corporate update, in addition to providing a...

Friday, March 13, 2020, 02:03:52 PM

Well Health Secures $10.0 Million Convertible Debt Financing

Well Health Technologies (TSX: WELL) announced this morning that they have secured a convertible debenture...

Tuesday, March 10, 2020, 08:22:29 AM

WELL Health Announces $12.5 Million Bought Deal Financing

WELL Health Technologies (TSX: WELL) is returning to the trough again, this time under a...

Tuesday, May 5, 2020, 08:40:25 AM

Coronavirus Outbreak Pushes Governments To Accept Use Of TeleHealth Services

The spread of the novel coronavirus, while not yet labelled a pandemic, has resulted in...

Sunday, March 8, 2020, 12:22:14 PM