0758 ET - WELL Health Technologies' plan to sell off its US business would simplify the business and broaden investor appeal, TD Cowen's David Kwan says. The digital healthcare company says it intends to sell its US-based businesses in one-to-two years to free up more capital for its continued expansion in Canada, Kwan says. He calls the company's Canadian business growth impressive, and cites WELL's "highly accretive" M&A strategy. The analyst says WELL's plan to sell its U.S.-based businesses and redeploy capital into its Canadian business would allow the company to "gain a large war chest to buy back shares, repay debt and roll-up the Canadian clinic market in a highly accretive and capital-efficient way." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 07:58 ET (11:58 GMT)
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