VANCOUVER, BC, Oct. 7, 2021 /PRNewswire/ - WELL Health Technologies Corp. (TSX: WELL) (the "Company" or "WELL"), a company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally announced today that it's wholly owned subsidiary, CRH Medical Corporation ("CRH"), has completed two accretive transactions whereby it has acquired 70% of Destin Anesthesia, LLC ("Destin") and 51% of Pinellas County Anesthesia Associates, LLC ("PCAA").

"We are very excited to expand our anesthesia service line with these two acquisitions. PCAA marks the largest group of healthcare practitioners we have welcomed to the CRH family this year," commented Jay Kreger, President of CRH Anesthesia. "These two acquisitions mark our 9th and 10th transactions of 2021. Joining the WELL network earlier this year has strengthened our position as the anesthesia provider of choice for Gastroenterologists and outpatient centers."

Destin provides anesthesia services to an ambulatory surgical center in Destin, Florida and represents CRH's 38th transaction. The acquisition of Destin Anesthesia is expected to be immediately accretive to CRH's cashflows, with an estimated current annual revenue run-rate of approximately US$3.0 million with operating EBITDA margins of nearly 40%.
The West Florida based, PCAA provides anesthesia services to four (4) endoscopy ASCs and represents CRH's 39th transaction. The acquisition is expected to be immediately accretive to CRH's cashflows and represents an estimated current annual revenue run-rate of approximately US$8.0 million with operating EBITDA margins of approximately 50%.


About WELL Health Technologies Corp.
WELL is a technology enabled healthcare company whose overarching objective is to positively impact health outcomes to empower and support healthcare practitioners and their patients. WELL has built an innovative practitioner enablement platform that includes comprehensive end to end practice management tools inclusive of virtual care and digital patient engagement capabilities as well as Electronic Medical Records (EMR), Revenue Cycle Management (RCM) and data protection services. WELL uses this platform to power healthcare practitioners both inside and outside of WELL's own omni-channel patient services offerings. As such, WELL owns and operates Canada's largest network of outpatient medical clinics serving primary and specialized healthcare services and is the provider of a leading multi-national, multi-disciplinary telehealth offering. WELL is publicly traded on the Toronto Stock Exchange under the symbol "WELL" and is part of the TSX Composite Index.


SOURCE WELL Health Technologies Corp.

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