Categories: HealthcareNews

MCI Onehealth Completes Sale of Operations in Alberta to WELL Health

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, ON, June 01, 2023 (GLOBE NEWSWIRE) — MCI Onehealth Technologies Inc. (“MCI” or the “Company”) (TSX: DRDR), a clinician-led healthcare technology company focused on increasing access to and quality of healthcare, today announced that it has completed the sale of its operations in Alberta, including its five MCI The Doctor’s Office medical clinics, to WELL Health Technologies Corp. (“WELL”).

The sale was implemented on a debt-free basis under a share purchase agreement dated May 18, 2023 between the Company and WELL. The total consideration paid by WELL in connection with the transaction was $2,000,000, less customary closing and post-closing adjustments and holdbacks.

Please see the Company’s press release dated May 19, 2023 for further details of the transaction.

About MCI
MCI is a healthcare technology company focused on empowering patients and doctors with advanced technologies to increase access, improve quality, and reduce healthcare costs. As part of the healthcare community for over 30 years, MCI operates one of Canada’s leading primary care networks with approximately 280 physicians and specialists, serves more than one million patients annually and had nearly 300,000 telehealth visits last year, including online visits via mciconnect.ca. MCI additionally offers an expanding suite of occupational health service offerings that support a growing list of more than 650 corporate customers. Led by a proven management team of doctors and experienced executives, MCI remains focused on executing a strategy centered around acquiring technology and health services that complement the company’s current roadmap. For more information, visit mcionehealth.com.

For media enquiries please contact:
Nolan Reeds | nolan@mcionehealth.com

Staff

Recent Posts

Omni-Biotic US Introduces Omni-Biotic Power: A New Performance Probiotic

Omni-Biotic, an award-winning leader in probiotic supplements from Austria, is launching Omni-Biotic Power in the…

2 hours ago

1 in Every 10 Children in South Sudan Die Before They Turn 5; Here’s How To Help

NORTHAMPTON, MA / ACCESSWIRE / June 10, 2024 / Akoi Dau Pawol was born and…

2 hours ago

Quest Diagnostics Elects Robert B. Carter, CIO of FedEx Corporation, to Board of Directors

SECAUCUS, NJ / ACCESSWIRE / June 10, 2024 / Quest Diagnostics (NYSE:DGX), a leading provider…

2 hours ago

Nava Health Announces Lease Signing for First New York Location

COLUMBIA, MD / ACCESSWIRE / June 10, 2024 / Nava Health, a leader in longevity,…

2 hours ago

Harmonic, Backed by Robinhood CEO Vlad Tenev, Announces Development of Mathematical Superintelligence Platform

AI Model Designed to Guarantee Accuracy & Avoid HallucinationsPALO ALTO, Calif.--(BUSINESS WIRE)--Harmonic, an artificial intelligence…

5 hours ago