Well Health Technologies Corp., a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce it has acquired Intrahealth Systems Limited, a New Zealand company, and all of its issued and outstanding shares for total consideration of approximately $19,250,000. Intrahealth is a provider of enterprise class EMR and clinical healthcare software with customers in Canada, New Zealand and Australia.
“We are pleased to welcome the talented Intrahealth team to Well Health,” said Hamed Shahbazi, chairman and CEO of Well. “We are very excited about this highly complementary and accretive acquisition as it expands Well into a multi-product EMR company, boosts our digital health revenue, increases our global footprint and creates numerous cross-selling opportunities. This is a transformational acquisition for our Well EMR Group as it positions Well as a leading international EMR operator.”
Mark Matthews, CEO of Intrahealth commented, “We look forward to being a part of the larger Well Health ecosystem, which enables us to leverage the management, capital allocation and shared services expertise of Well while continuing to grow and serve our customers. Well is aligned with our vision of global expansion and provides Intrahealth with additional products and services for our customers.”