One the biggest clinical operators in Canada is rolling up new locations.
What’s happening:
- WELL Health Technologies (TSX: WELL) has announced they will acquire multiple new healthcare clinics from pharmacy retail giant Shoppers Drug Mart
Why it matters:
- WELL Health is one of the fastest growing healthcare companies in Canada and has the largest operating clinical network in the entire country
By the numbers:
- Currently, WELL Health operates 165 clinics across Canada
- Their latest acquisition from Shoppers Drug Mart will give them access to an additional 35 physicians across 10 new clinics
Going deeper:
- WELL Health has made technology a major focus across across all of their operations and will integrate their purpose built healthcare technology into all of the new clinical locations they are acquiring from Shoppers Drug Mart to bolster the patient experience
The intrigue:
- WELL Health has also been making a push into leveraging artificial intelligence for healthcare, both in their own clinical operations and through their significant ownership stake in HEALWELL AI (TSXV: AIDX)
