Calling everyone to check out WELL Health!

(TSXV: WELL) WELL Health made a massive acquisition in June of MyHealth, a Canadian telehealth company with a huge clientele base, and it is not getting enough attention! When this news first dropped the SP jumped a bit but with a quieter last few weeks it has been dropping off again. THIS IS A HUGE OPPORTUNITY TO BUY THE DIP! This acquisition on top of other moves they've made this year makes them the biggest telehealth and digital health company in Canada, and they've begun expansion into the U.S. This is why you should get in on this one: Starting off with their physical assets and locations, They own and operate 25 clinics across Canada, with most situated in the B.C area. These clinics are thoroughly integrated with WELL health's digital health technology which I will discuss in a minute. The clinics have been very successful thus far and WELL is constantly looking for new additions. That is one of the main benefits of the MyHealth deal actually, MyHealth operates an additional 48 clinics throughout Ontario that are now also under WELL's umbrella. This brings WELL"s grand total of outpatient clinics to over 70, the most of any health organization in the country. As I briefly mentioned, all of these clinics are integrated with WELL's EMR (Emergency Medical Record) platform. This platform allows doctors to easily share and access patients' medical records and makes sure that patients are met with the knowledge and support needed in times of emergency. Along with this platform being in WELL-owned clinics, it is also used in over 2000 clinics nationwide, as well as for personal use as they are the first Canadian platform to allow access to personal medical records through the Health app on iPhone. There has been a huge demand for remote doctors appointments with the pandemic and because of this, the digital and telehealth industries have seen tremendous growth during these crazy times. WELL has been on top of this since day one and their two large platforms "TiaHealth" and "Virtual Clinics" have been performing amazingly, allowing patients to have fast contact with medical professionals for serious issues or for simple check-ins. MyHealths clinics also make great use of telehealth appointments which is another reason this acquisition fits so well. The numbers look great as Well from this deal along with their previous acquisition of CRH: MyHealth is expected to generate proforma revenues of approximately $100M with EBITDA margins of approximately 20% in 2021 CRH expects to exceed revenues of $150M WELL is expected to generate C$400M in Revenue Expected C$100M in EBITDA on a run-rate basis. Q1 results showed revenue growth of 150% YoY with a 300% increase in telehealth and digital health revenues. This company is no baby tadpole, it's the shark in the Canadian healthcare industry. Now is a great time to get in on these guys, can't wait to see their Q2 financials and to see if they meet or even exceed these lofty expectations. Disclaimer: Performing your own DD is necessary, this is not investment advice.

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LenKruse4R

Jul 19, 2021

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Change % Since Posting

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WELL.TO

WELL Health Technologies Corp

7.19

-0.13
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Current Price

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Calling everyone to check out WELL Health!

bullish

(TSXV: WELL)

WELL Health made a massive acquisition in June of MyHealth, a Canadian telehealth company with a huge clientele base, and it is not getting enough attention! When this news first dropped the SP jumped a bit but with a quieter last few weeks it has been dropping off again. THIS IS A HUGE OPPORTUNITY TO BUY THE DIP! This acquisition on top of other moves they've made this year makes them the biggest telehealth and digital health company in Canada, and they've begun expansion into the U.S. This is why you should get in on this one:

Starting off with their physical assets and locations, They own and operate 25 clinics across Canada, with most situated in the B.C area. These clinics are thoroughly integrated with WELL health's digital health technology which I will discuss in a minute. The clinics have been very successful thus far and WELL is constantly looking for new additions. That is one of the main benefits of the MyHealth deal actually, MyHealth operates an additional 48 clinics throughout Ontario that are now also under WELL's umbrella. This brings WELL"s grand total of outpatient clinics to over 70, the most of any health organization in the country.

As I briefly mentioned, all of these clinics are integrated with WELL's EMR (Emergency Medical Record) platform. This platform allows doctors to easily share and access patients' medical records and makes sure that patients are met with the knowledge and support needed in times of emergency. Along with this platform being in WELL-owned clinics, it is also used in over 2000 clinics nationwide, as well as for personal use as they are the first Canadian platform to allow access to personal medical records through the Health app on iPhone.

There has been a huge demand for remote doctors appointments with the pandemic and because of this, the digital and telehealth industries have seen tremendous growth during these crazy times. WELL has been on top of this since day one and their two large platforms "TiaHealth" and "Virtual Clinics" have been performing amazingly, allowing patients to have fast contact with medical professionals for serious issues or for simple check-ins. MyHealths clinics also make great use of telehealth appointments which is another reason this acquisition fits so well.

The numbers look great as Well from this deal along with their previous acquisition of CRH:

  • MyHealth is expected to generate proforma revenues of approximately $100M with EBITDA margins of approximately 20% in 2021
  • CRH expects to exceed revenues of $150M
  • WELL is expected to generate C$400M in Revenue
  • Expected C$100M in EBITDA on a run-rate basis.
  • Q1 results showed revenue growth of 150% YoY with a 300% increase in telehealth and digital health revenues.

This company is no baby tadpole, it's the shark in the Canadian healthcare industry. Now is a great time to get in on these guys, can't wait to see their Q2 financials and to see if they meet or even exceed these lofty expectations.

Disclaimer: Performing your own DD is necessary, this is not investment advice.

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read-time
2 min

92.46

Target Price

6/ 10

Confidence

2-6 Months

Timeframe
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Earnings Release
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News
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SEC Filing
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