The deal adds more than 50 physicians in five Calgary-area practices to Well’s roster and Well’s announcement said the clinics will add about $10 million a year to its revenue. MCI Onehealth gets some breathing room, with a $1-million immediate payment from Well serving to “partially address some of its recent financial challenges and liquidity constraints.” (The Logic)

Talking point: On Monday, Toronto-based MCI Onehealth reported it had $1.4 million in cash at the end of March after burning through $1.11 million in the first quarter; even after arranging to borrow $1.5 million this week, it would need more to pay its bills through the end of May. (The loan is from First Canadian Wellness, a company controlled by MCI Onehealth’s co-chairs, which has already lent it millions.) Well and MCI Onehealth have similar businesses, applying technology to make chains of clinics and related services run more efficiently. Well is also a money-loser, but it finished its last quarter with nearly $41.7 million in cash and announced this time last year that it intended to keep up a hectic pace of acquisitions.