WELL Health Technologies to acquire MyHealth for up to $266.3 million CAD
British Columbia-based WELL Health Technologies is set to acquire MyHealth, an Ontario health services provider, for up to $266.3 million CAD. WELL Health said after closing, the acquisition would bring the firm’s total combined clinics owned and operated in Canada to 74. “The planned acquisition of MyHealth cements WELL’s position as a foundational leader in the Canadian healthcare marketplace,” said Hamed Shahbazi, chairman and CEO of WELL. For the year ended March 31, 2021, MyHealth recorded over 500,000 patient visits including primary, specialty, telehealth, and diagnostic visits. The focus on telehealth services has increased notably over the last year, thanks in large part to the COVID-19 pandemic.