The Vancouver-based health tech company raised $30 million in capital earlier this month and plans to use it to add to its growing roster of clinics and service providers, CEO Hamed Shahbazi said in a news release. (The Logic)

Talking point: Well has been on an acquisition spree, helping it nearly quintuple revenue from 2021 to the first quarter this year. Inflation, rising interest rates and global turmoil have venture investors worried and scaling back after a record year in 2021. For Well, with its new money locked in, that means opportunity: “Our stronger financial position comes at a time where acquisition valuations have fallen and the expected returns on capital allocation have improved,” Shahbazi’s statement said. But Well is also looking for internal savings and “margin enhancement opportunities” to keep boosting its cashflow. Besides running clinics itself, Well sells medical management software services and is consolidating those parts of its business into a new “provider solutions” unit.