The Vancouver-based operator of health clinics and provider of software for medical practices booked nearly $145.8 million in revenue in its last quarter, an increase of 47 per cent from the same period in 2021. It also reported net income of $611,000, for its first profitable quarter since 2020. (The Logic)

Talking point: Well has grown quickly by rolling up physical and virtual medical practices and integrating them into its practice-management systems (which it also sells). Much of its revenue growth is due to its acquisitions, but it’s also boasting “organic” growth across its business lines. A lot of Well’s business is now in the U.S., which does expose it to exchange-rate risk, but health care isn’t particularly vulnerable to economic turbulence, inflation or geopolitics, the company said: “Many of the key variables inherent in the execution of Well’s business are firmly in its own grasp and not dependent on outside forces.”