The Vancouver-based health-care consolidator agreed to buy about 53 per cent of the Silicon Valley-based women’s telehealth company’s outstanding and issued shares in a deal worth about US$41 million. (The Logic)
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The Vancouver-based health-care consolidator agreed to buy about 53 per cent of the Silicon Valley-based women’s telehealth company’s outstanding and issued shares in a deal worth about US$41 million. (The Logic)
Talking point: The deal includes a future conditional earn-out of up to about US$7.4 million based on performance metrics over a number of years. The transaction is expected to close in the early fourth quarter of this year. Well, which owns and operates health-care clinics in Canada and the U.S., has been on a buying spree this year. In February, it agreed to acquire digital-health firm CRH Medical’s issued and outstanding shares, and in June, it bought competing clinic chain MyHealth Partners. The following month, Well formed a venture subsidiary, Well Ventures, which made a $250,000 strategic investment in Halifax-based Bright.
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