WELL Health fera l'acquisition de MyHealth : une opération totalisant jusqu'à 266,3 M$ (disponible en anglais)

On June 4, 2021, WELL Health Technologies Corp. (TSX: WELL) ("WELL") entered into a definitive share purchase agreement to acquire all of the issued and outstanding shares of MyHealth Partners Inc. ("MyHealth") for a total transaction value of up to $266.3 million.

WELL is a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector. With the acquisition of MyHealth, WELL will become the largest owner-operator of outpatient medical clinics in Canada providing primary, specialty and diagnostic healthcare services. Post-closing, which is expected in Q3 2021, MyHealth will become a WELL subsidiary and business unit and will be operated by its current staff.

MyHealth provides primary care, specialty care, telehealth services and accredited diagnostic health services from 48 locations across Ontario. The company is Canada's largest and fastest growing consolidator of specialty medicine and diagnostic centers, successfully completing 25 acquisition transactions of a combined 33 independent clinics over the past eight years. MyHealth is expected to continue to pursue its accretive M&A program after the proposed acquisition by WELL and has an active pipeline including 125 potential targets.  

Gowling WLG is counsel to MyHealth in this transaction with a team led by Nurhan Aycan and including Tiffany Lee Bianchi and Taylor Hanson (corporate/M&A), Grant Tisdall (IP), Ian Macdonald (Competition Act), Andrew Bratt (employment) and Ted Thiessen (tax), assisted by student-at-law Clément Stacey.