Well Health Technologies Corp. (T:WELL*CA)

Business Focus: Healthcare Facilities & Services

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 200, 322 Water Street
Tel: N/A
Website: https://www.well.company
IR: See website
Key People
Hamed Shahbazi
Executive Chairman of the Board, Chief Executive Officer
Eva Fong
Chief Financial Officer
Amir Javidan
Chief Operating Officer
Arjun Kumar
Chief Information Officer
Business Overview
WELL Health Technologies Corp is a Canada-based omni-channel digital health company. The Company is primarily engaged in operating primary healthcare facilities, as well as an electronic medical records (EMR) business. The Company provides software as a service (SaaS) EMR services to doctors across Canada. The Company owns and operates over 20 medical clinics and provides digital EMR software and services to over 1,900 medical clinics across Canada. Its clinics offers a range of services such as walk in appointments, family medicine, sleep apnea facilities, Botox treatments, and women's clinics. It operates clinics acroos various cities, such as Surrey, Vancouver, North Vancouver, Richmond and Coquitlam.
Financial Overview
For the six months ended 30 June 2020, WELL Health Technologies Corp revenues increased 41% to C$20.8M. Net loss increased 72% to C$5.5M. Revenues reflect Digital services segment increase from C$346K to C$4M, Clinical services segment increase of 16% to C$16.8M. Higher net loss reflects Wages and benefits increase of 69% to C$5.4M (expense), Time-based earn-out expense increase from C$272K to C$845K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $966.61M as of Jun 30, 2020
Annual revenue (TTM): $38.83M as of Jun 30, 2020
EBITDA (TTM): -$3.18M as of Jun 30, 2020
Net annual income (TTM): -$10.11M as of Jun 30, 2020
Free cash flow (TTM): -$3.91M as of Jun 30, 2020
Net Debt Last Fiscal Year: $2.11M as of Jun 30, 2020
Shares outstanding: 139,172,214 as of Sep 16, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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