Transactions

Transactions

Overview

WELL Health Completes $34.5 Million Bought Deal Offering

May 19, 2022

WELL Health Technologies Corp. (TSX: WELL) completed a bought deal public offering of common shares for gross proceeds of approximately $34.5 million (including the full exercise of the over-allotment option). The offering was underwritten by a syndicate of underwriters co-lead by Eight Capital and Stifel GMP and including Canaccord Genuity Corp., CIBC World Markets Inc., PI Financial Corp., Laurentian Bank Securities Inc., Scotia Capital Inc., TD Securities Inc., Echelon Wealth Partners Inc., Haywood Securities Inc., Paradigm Capital Inc., Beacon Securities Limited and Roth Canada Inc.

WELL is a practitioner-focused digital 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.

Wildeboer Dellelce LLP acted for the underwriters with a team that consisted of Perry Dellelce, Michael Rennie, Natalie Tershakowec, Julian Lupo, Emma Weiss and Andrew Jensen (Corporate/Securities) and Katy Pitch and Marija Tasevska (tax).