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2025-04-08 10:53 News Release | June 7 , 2021 | WELL Health WELL Health to Acquire MyHealth and Become Largest Outpatient Medical Clinic Owner - Operator and Leading N disciplinary Telehealth Service Provider in Canada MyHealth Partners Inc. ( " MyHealth " ) is a leading specialty care , telehealth services and accredited diagnostic health se provider that owns and operates 48 locations across Ontario . MyHealth is a Canadian healthcare powerhouse that has grown at a 40 % revenue and EBITDA ( 1 ) CAGR over the past years , including a 15 % organic growth rate over that period and has completed 25 acquisitions in the past eight years . This foundational acquisition positions WELL as the largest owner - operator of outpatient medical clinics in Canada with combined clinics . Approximately 75 % of MyHealth's medical consultations are conducted via telehealth , which when combined with WEL multiple telehealth businesses will make WELL the leading multi - disciplinary telehealth service provider in Canada . Post transaction , the MyHealth acquisition is expected to generate proforma revenues of approximately C $ 100M ( 2 ) with EBITDA ( 1 ) margins of approximately 20 % in 2021. Upon closing , WELL's combined revenue will be expected to approa C $ 400M and C $ 100M in EBITDA ( 1 ) on a run - rate basis . The purchase price due upon closing of C $ 206M is fully funded via a combination of WELL shares ( priced at C $ 9.80 / sh vendor takeback financing , and new senior credit facilities to be provided by a syndicate of banks led by The Royal Ban Canada leveraging exclusively the collateral of the MyHealth asset itself . The deal reflects accretion of 20 % and 28 % EBITDA per share and Revenue per share basis respectively with less than 5 percent dilution . Vancouver , B.C. ― June 7 , 2021 - WELL Health Technologies Corp. ( TSX : WELL ) ( “ WELL " or the " Company " ) , a comp focused on consolidating and modernizing clinical and digital assets within the healthcare sector , is pleased to announc entered into a definitive share purchase agreement dated June 4 , 2021 ( the " Agreement ” ) to acquire all of the issued a outstanding shares of MyHealth Partners Inc ( the “ Transaction ” ) for a total transaction value of C $ 206M plus a future c earn - out of up to C $ 60M . MyHealth provides primary care , specialty care , telehealth services and accredited diagnostic services from 48 locations across Ontario . Hamed Shahbazi , Chairman and CEO of WELL commented , " The planned acquisition of MyHealth cements WELL's pc a foundational leader in the Canadian healthcare marketplace . Once completed , WELL will be the largest and most cap governmental owner - operator of outpatient medical clinics in Canada . WELL will have meaningful capabilities across pr secondary care along with robust diagnostic facilities and capabilities . MyHealth is a tech enabled and forward - thinking delivering roughly three quarters of its medical consultations via telehealth . To our knowledge , this will position WELL a : leading multi - disciplinary provider of telehealth services in Canada due to the breadth and depth of primary and second healthcare service offerings including a substantial telecardiology and teleradiology program . Once the transaction has WELL's combined annualized revenue and EBITDA run - rates will approach C $ 400M and C $ 100M respectively . " MyHealth Acquisition Highlights : With the proposed acquisition of MyHealth , WELL will become the largest owner - operator of outpatient medical clinics i providing primary , specialty and diagnostic healthcare services . Founded in 2013 and boasting 48 locations across Ont MyHealth has over 760 physicians and other healthcare professionals providing patient services . For the twelve months March 31 , 2021 , MyHealth recorded over 500,000 patient visits including primary , specialty , telehealth , and diagnostic v MyHealth offers medical consultations both in - person and through telehealth , as well as diagnostic services related to c women's health , bone / muscle health and cancer diagnostics . MyHealth has been growing rapidly over the past five ye a 40 % CAGR in both revenue and EBITDA . This growth reflects 15 % organic growth rate over that same 5 - year period disciplined and successful acquisition program with 25 completed deals over the past eight years . https://news-releases.well.company/news-releases/well-health-to-acquire-myhealth-and-become-largest-outpatient-medical-clinic-owner-operator-and-leading-m…… 1/4