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Well Health To Acquire Emr, Billing And Clinical Assets From Cloudmd

Oct 11, 2022•almost 3 years ago

Acquiring Company

WELL Health

Acquired Company

EMRBilling

Description

WELL Health Technologies Corp. (TSX: WELL) (the "Company" or "WELL"), a digital health company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce it has entered into an agreement to acquire Cloud Practice Inc. ("Cloud Practice") and three clinics (the "Transaction") from CloudMD Software & Services Inc. ("CloudMD").

Company Information

Company

WELL Health

About

WELL is the unified patient communication hub built for enterprise. Whether you need to engage a single patient, a specific group, or your entire patient population, do it faster and smarter through WELL’s intelligent patient communication hub.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed