Traders were quick to grab up shares of WELL Health Technologies Corp. (TSX:WELL) (OTCQX:WHTCF) following an announcement that the company reported record quarterly revenue and net income for a first quarter. Revenues in Q1 2024 were $231.6 million, an increase of 37% YoY. Net income was $19.6 million (or $0.06 EPS).
Traders pushed shares trading on the Canadian side up to $3.98/share (+11.17%) at the session high.
WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped in three divisions; Omni-channel Patient Services – Primary includes clinical operations and allied health. Omni-channel Patient Services – Specialized comprises CRH and MyHealth under two segments. Virtual Services include EMR, billing and revenue cycle management solutions, digital apps, and cybersecurity.
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