Industry Bulletins | July 21, 2021
WELL Health Completes Acquisition Of MyHealth Outpatient Medical Clinics
WELL Health Technologies Corp.(WELL) acquired MyHealth Partners Inc (MyHealth) for $260 million Canadian. MyHealth provides primary care, specialty care, telehealth services and accredited diagnostic health services through its 48 owned and operated locations across Ontario, Canada. MyHealth will operate as a wholly owned WELL subsidiary led by Suresh Madan, who will continue to serve as MyHealth's chief executive officer.
With this acquisition, WELL operates 74 outpatient medical clinics in Canada. Approximately 75% of MyHealth's medical consultations are currently conducted via telehealth, which when combined with WELL's multiple telehealth businesses now make WELL a large Canadian multi . . .