Welltower (WELL) to Acquire ExecHealth
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WELL Health Enters into Agreement to Acquire ExecHealth Inc., a Leading Omni-Channel Health Service Provider in Ontario
April 8, 2021 7:00 AM EDTExecHealth, a provider of primary care and executive health services in the Ottawa region, signifies WELL's first acquisition of clinical assets in the province of Ontario. For the 12 months ended February 28, 2021, ExecHealth had unaudited revenues of approximately $3M, of which greater than two-thirds is considered recurring membership revenue with EBITDA(1) Margins exceeding 50%. ExecHealth is expected to be a highly accretive acquisition, representing WELL's continued expansion into the premium margin corporate and executive health services market. ExecHealth is a high growth operation that has organically grown both its... More
