{"id":485584,"date":"2021-05-03T07:05:36","date_gmt":"2021-05-03T11:05:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/"},"modified":"2021-05-03T07:05:36","modified_gmt":"2021-05-03T11:05:36","slug":"wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/","title":{"rendered":"WELL&#8217;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>ExecHealth, a provider of primary care and executive health services in the <span class=\"xn-location\">Ottawa<\/span> region, is WELL&#8217;s first acquisition of clinical assets in the Province of <span class=\"xn-location\">Ontario<\/span>. <\/li>\n<li>For the 12 months ended <span class=\"xn-chron\">February 28, 2021<\/span>, ExecHealth had unaudited revenues of approximately <span class=\"xn-money\">$3M<\/span>, of which greater than two-thirds is considered recurring membership revenue with EBITDA<sup>(1)<\/sup> Margins exceeding 50%. <\/li>\n<li>ExecHealth is expected to be a highly accretive acquisition and has organically grown both its revenues and EBITDA at growth rates of over 20% over the past three years. <\/li>\n<li>ExecHealth represents WELL Health Clinic Network&#8217;s continued expansion into the premium margin corporate and executive health services market.<\/li>\n<\/ul>\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">May 3, 2021<\/span> \/PRNewswire\/ &#8211;\u00a0<b>WELL Health Technologies Corp.<\/b> (TSXV: WELL) (the &#8220;<b>Company<\/b>&#8221; or &#8220;<b>WELL<\/b>&#8220;), a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, is pleased to announce it has completed its previously announced acquisition (the &#8220;<b>Transaction<\/b>&#8220;) of ExecHealth Inc. (&#8220;<b>Exechealth<\/b>&#8220;). ExecHealth is an omni-channel healthcare provider located in <span class=\"xn-location\">Ottawa, Ontario<\/span>, specializing in corporate and executive health, primary care and integrated health services.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1501637\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1501637\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg\" title=\"WELL Health Technologies Corp. Logo (CNW Group\/WELL Health Technologies Corp.)\" alt=\"WELL Health Technologies Corp. Logo (CNW Group\/WELL Health Technologies Corp.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;We are pleased to welcome the talented ExecHealth team to WELL and expand our network into Ontario.\u00a0 They are an excellent complement to our network given their strong embrace of technology and the fact that they are delivering more than half of their visits via telehealth,&#8221; said Dr. <span class=\"xn-person\">Michael Frankel<\/span>, WELL&#8217;s Chief Medical Officer. \u00a0&#8220;ExecHealth has an excellent record in providing outstanding patient care.\u00a0 We are very excited about adding them to our growing network as this acquisition represents an additional milestone in the execution of our plans to further grow our presence in the premium margin corporate and executive health segment. \u00a0We are intent on continuing to establish our technology enabled clinical group across the country.&#8221; <\/p>\n<p>Since 2005, ExecHealth has provided medical care to professionals and families, including executives, diplomats and other professionals in the <span class=\"xn-location\">Ottawa<\/span> region. \u00a0In addition to providing primary care services, ExecHealth provides corporations and other organizations with executive health, employee wellness, pre-employment and periodic medical exams as well as other integrative services such as physiotherapy and counselling services.\u00a0\u00a0<\/p>\n<p>For the 12 months ended <span class=\"xn-chron\">February 28, 2021<\/span>, ExecHealth had unaudited revenues of approximately <span class=\"xn-money\">$3M<\/span> with EBITDA<sup>(1)<\/sup>\u00a0Margin greater than 50%. \u00a0ExecHealth is a high growth operation that has organically grown both its revenues and EBITDA at growth rates of over 20% over the past three years. \u00a0ExecHealth has over 1,000 clients and greater than two-thirds of its revenues are attributable to recurring membership fees. \u00a0As a result of the COVID pandemic, over half of ExecHealth&#8217;s patient visits are currently delivered via telehealth vs. in-person consultations.<\/p>\n<p>\n        <b>Transaction Details:<\/b>\n      <\/p>\n<p>The Transaction was completed pursuant to a share purchase agreement dated <span class=\"xn-chron\">April 7, 2021<\/span> (the &#8220;<b>Share Purchase Agreement<\/b>&#8220;) with the shareholders of ExecHealth Inc. (&#8220;<b>ExecHealth<\/b>&#8220;). \u00a0WELL paid a purchase price of approximately <span class=\"xn-money\">$12,625,500<\/span> to complete the Transaction, consisting of: (i) <span class=\"xn-money\">$6,523,175<\/span> in cash, subject to customary post-closing adjustments and holdbacks; (ii) <span class=\"xn-money\">$4,208,500<\/span> was satisfied through the issuance of 561,822 WELL common shares issued at the 5 day volume weight average trading price prior to the announcement of the Transaction; and (iii) up to <span class=\"xn-money\">$1,893,825<\/span> of which is payable as a multi-year performance based earn-out that, if payable, can be satisfied in cash or WELL common shares at the election of WELL.<\/p>\n<p>Footnotes:<\/p>\n<div class=\"prntal\">\n<table id=\"convertedTable0d0a\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings before interest, taxes, depreciation, and amortization (&#8220;EBITDA&#8221;) and EBITDA Margin are each Non-GAAP measures. EBITDA should not be construed as alternatives to net income\/loss determined in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;). EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. For EBITDA reconciliation to Net income, please refer to the Company&#8217;s most recent Management Discussion and Analysis on Sedar.com. EBITDA Margin is EBITDA as a percentage of total revenue.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>WELL HEALTH TECHNOLOGIES CORP.<\/b>\n      <\/p>\n<p>Per: \u00a0\u00a0\u00a0 <i><u>&#8220;Hamed Shahbazi&#8221;<\/u><\/i>\u00a0<br \/><span class=\"xn-person\">Hamed Shahbazi<\/span><br \/>Chief Executive Officer, Chairman and Director\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>\n        <b>About WELL Health Technologies Corp.<\/b>\n      <\/p>\n<p>WELL is an omni-channel digital health company whose overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health.\u00a0 As such, WELL owns and operates primary and executive healthcare clinics in both <span class=\"xn-location\">Canada<\/span> and the US, operates a multi-national digital Electronic Medical Records (EMR) business serving thousands of healthcare clinics and health systems of all sizes, operates a multi-national portfolio of telehealth services which includes one of the largest telehealth service providers in Canada.\u00a0 WELL is also a provider of digital health, billing and cybersecurity related technology solutions.\u00a0 WELL&#8217;s wholly owned subsidiary CRH Medical is a leading provider of anesthesia services and the patented O&#8217;Regan hemorrhoid banding product to gastrointestinal focused clinics. WELL is an acquisitive company that follows a disciplined and accretive capital allocation strategy.\u00a0 WELL is publicly traded on the Toronto Stock Exchange under the symbol &#8220;WELL&#8221;.\u00a0\u00a0 To access the Company&#8217;s telehealth service, visit: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3149283-1&amp;h=2010334697&amp;u=https%3A%2F%2Ftiahealth.com%2F&amp;a=tiahealth.com\" rel=\"nofollow noopener\">tiahealth.com<\/a>, and for corporate information, visit: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3149283-1&amp;h=663639789&amp;u=http%3A%2F%2Fwww.well.company%2F&amp;a=www.well.company\" rel=\"nofollow noopener\">www.well.company<\/a>. <\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>Certain statements in this news release related to the Company are forward-looking statements and are prospective in nature including: the Company&#8217;s expansion plans and the expected impact of the acquisition on the Company.\u00a0 Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as &#8220;may&#8221;, &#8220;should&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;plan&#8221;, &#8220;anticipate&#8221;, &#8220;expect&#8221;, &#8220;believe&#8221; or the negative thereof or similar variations. There are numerous risks and uncertainties that could cause actual results and the Company&#8217;s plans and objectives to differ materially from those expressed in the forward-looking statements, including: business disruption risks relating to COVID-19; regulatory risks, including those related to healthcare, privacy and data security; integration risks relating to the acquired business on a post-closing basis or the ability of the Company to realize on any expected benefits of the Transaction; and other risks outlined in the Company&#8217;s publicly filed documents available on SEDAR.\u00a0 Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.\u00a0 Except as required by law, the Company does not intend to update these forward-looking statements.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA63280&amp;sd=2021-05-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition-301282023.html\">http:\/\/www.prnewswire.com\/news-releases\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition-301282023.html<\/a><\/p>\n<p>SOURCE  WELL Health Technologies Corp.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA63280&amp;Transmission_Id=202105030700PR_NEWS_USPR_____VA63280&amp;DateId=20210503\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire ExecHealth, a provider of primary care and executive health services in the Ottawa region, is WELL&#8217;s first acquisition of clinical assets in the Province of Ontario. For the 12 months ended February 28, 2021, ExecHealth had unaudited revenues of approximately $3M, of which greater than two-thirds is considered recurring membership revenue with EBITDA(1) Margins exceeding 50%. ExecHealth is expected to be a highly accretive acquisition and has organically grown both its revenues and EBITDA at growth rates of over 20% over the past three years. ExecHealth represents WELL Health Clinic Network&#8217;s continued expansion into the premium margin corporate and executive health services market. VANCOUVER, BC, May 3, 2021 \/PRNewswire\/ &#8211;\u00a0WELL Health Technologies Corp. (TSXV: WELL) (the &#8220;Company&#8221; or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WELL&#8217;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-485584","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WELL&#039;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WELL&#039;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire ExecHealth, a provider of primary care and executive health services in the Ottawa region, is WELL&#8217;s first acquisition of clinical assets in the Province of Ontario. For the 12 months ended February 28, 2021, ExecHealth had unaudited revenues of approximately $3M, of which greater than two-thirds is considered recurring membership revenue with EBITDA(1) Margins exceeding 50%. ExecHealth is expected to be a highly accretive acquisition and has organically grown both its revenues and EBITDA at growth rates of over 20% over the past three years. ExecHealth represents WELL Health Clinic Network&#8217;s continued expansion into the premium margin corporate and executive health services market. VANCOUVER, BC, May 3, 2021 \/PRNewswire\/ &#8211;\u00a0WELL Health Technologies Corp. (TSXV: WELL) (the &#8220;Company&#8221; or &hellip; Continue reading &quot;WELL&#8217;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-03T11:05:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1501637\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"WELL&#8217;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition\",\"datePublished\":\"2021-05-03T11:05:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/\"},\"wordCount\":1132,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1501637\\\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/\",\"name\":\"WELL's Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1501637\\\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg\",\"datePublished\":\"2021-05-03T11:05:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1501637\\\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1501637\\\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WELL&#8217;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"WELL's Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"WELL's Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition - Market Newsdesk","og_description":"PR Newswire ExecHealth, a provider of primary care and executive health services in the Ottawa region, is WELL&#8217;s first acquisition of clinical assets in the Province of Ontario. For the 12 months ended February 28, 2021, ExecHealth had unaudited revenues of approximately $3M, of which greater than two-thirds is considered recurring membership revenue with EBITDA(1) Margins exceeding 50%. ExecHealth is expected to be a highly accretive acquisition and has organically grown both its revenues and EBITDA at growth rates of over 20% over the past three years. ExecHealth represents WELL Health Clinic Network&#8217;s continued expansion into the premium margin corporate and executive health services market. VANCOUVER, BC, May 3, 2021 \/PRNewswire\/ &#8211;\u00a0WELL Health Technologies Corp. (TSXV: WELL) (the &#8220;Company&#8221; or &hellip; Continue reading \"WELL&#8217;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-03T11:05:36+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1501637\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"WELL&#8217;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition","datePublished":"2021-05-03T11:05:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/"},"wordCount":1132,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1501637\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/","name":"WELL's Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1501637\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg","datePublished":"2021-05-03T11:05:36+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/1501637\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/1501637\/WELL_Health_Technologies_Corp__WELL_s_Clinical_Business_Unit_Exp.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-clinical-business-unit-expands-corporate-and-executive-health-services-with-completion-of-exechealth-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"WELL&#8217;s Clinical Business Unit Expands Corporate and Executive Health Services with Completion of ExecHealth Acquisition"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/485584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=485584"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/485584\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=485584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=485584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=485584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}