WELL Provides Integration Update with Focus on Streamlining Business Operations for Improved Profitable Growth
- WELL continues to focus on integrating and streamlining its operating businesses and is pleased to provide a number of related updates that supports its goal of improved profitable growth.
- All of WELL's Canadian clinical operating businesses including primary care, executive health, allied health, Longevity+ and MyHealth Centre specialized care offerings are included as part of the WELL Clinics Corp Operating entity and will now have overall P&L ownership by Dr.
Michael Frankel , WELL's Chief Medical Officer. This is a business that is forecasted to generate more than$300M in revenues in 2024 with strong EBITDA margins. - All of WELL's Canadian platform technologies including WELL's Provider Solutions, Cybersecurity, Public Sector and Enterprise Solutions, and Direct to Consumer Technology offerings shall be integrated as part of a new
Platform Solutions Group with P&L ownership byAmir Javidan , WELL's Chief Operating Officer. This is a business that is forecasted to generate more than$75M in revenues in 2024 with strong EBITDA margins. - WELL's cost optimization program is currently being implemented with the goal of enhancing operational efficiency and profitability. Updates on our progress will be provided at our Q4 2023 earnings event in March.
All of WELL's Canadian clinical operating businesses including primary care, executive health, allied health, Longevity+ and MyHealth specialized care offerings are included as part of
Another organizational change for WELL is the creation of a new
Also part of these strategic initiatives, WELL is implementing a cost optimization program to enhance operational efficiency and profitability. Updates on this program's progress will be shared during our Q4 2023 earnings event in March, reaffirming our commitment to demonstrating continued profitable growth.
Per: "Hamed Shahbazi"
Chief Executive Officer, Chairman and Director
About
WELL's mission is to tech-enable healthcare providers. We do this by developing the best technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. WELL's comprehensive healthcare and digital platform includes extensive front and back-office management software applications that help physicians run and secure their practices. WELL's solutions enable more than 33,000 healthcare providers between the US and
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