The Vancouver-based digital healthcare company said it is acquiring 16 clinics from Jack Nathan Medical, a healthcare provider with $10 million in revenue over the past 12 months. The purchase includes 62 additional licensee clinics and Jack Nathan’s rights to operate in Walmart stores. (The Logic)
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The Vancouver-based digital healthcare company said it is acquiring 16 clinics from Jack Nathan Medical, a healthcare provider with $10 million in revenue over the past 12 months. The purchase includes 62 additional licensee clinics and Jack Nathan’s rights to operate in Walmart stores. (The Logic)
Talking point: Well Health, which provides virtual services like telehealth and patient portals for healthcare companies, has a $1.1-billion market cap and is Canada’s largest clinic owner. The acquisition will broaden the company’s reach within Canada, and will let Well recruit and place physicians into small clinics, giving it a new revenue stream. It announced plans in August to spin out and list its software-as-a-service unit as a stand-alone, which CEO Hamed Shahbazi said would unlock shareholder value.
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