• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Medical Device Market
    Medical Device News
    Medical Device Stocks
    • Medical Device Market
    • Medical Device News
    • Medical Device Stocks
    medical device investing

    WELL Health to Acquire Majority STake in SleepWork Medical

    Jocelyn Aspa
    Jul. 19, 2019 09:27AM PST
    Medical Device Investing

    Well Health Technologies (TSXV:WELL) has announced it will acquire SleepWorks Medical, a privately-held Canadian company. As quoted in the press release: “We’re thrilled to welcome Larry Bloom, co-founder of SleepWorks, and the rest of the SleepWorks team to the WELL family,” said Hamed Shahbazi, Chairman and CEO of WELL. “SleepWorks has been a valued partner to WELL …

    Well Health Technologies (TSXV:WELL) has announced it will acquire SleepWorks Medical, a privately-held Canadian company.

    As quoted in the press release:

    “We’re thrilled to welcome Larry Bloom, co-founder of SleepWorks, and the rest of the SleepWorks team to the WELL family,” said Hamed Shahbazi, Chairman and CEO of WELL. “SleepWorks has been a valued partner to WELL clinics for 6 years and has earned the trust of many of our physicians for their top-notch service.”

    Under the terms of the Agreement, the total consideration payable by WELL in connection with the Transaction is $1,134,000, which will be allocated as follows: (i) a cash payment in the amount of $524,475, (ii) $170,100 paid by the issuance of common shares in the capital of WELL at a deemed price per share of $1.57, being equal to the prior 10-day average trading price of WELL’s common shares immediately prior to the public announcement of the Transaction, subject to the policies of the TSX Venture Exchange (the “TSXV“); (iii) $42,525 deposited by WELL and the Vendors into escrow upon closing in accordance with the provisions of an escrow agreement; and (iv) $396,900 payable by WELL to the Vendors in cash or common shares of WELL at the discretion of WELL during a time based earn-out period of 3 years. WELL shall have the right to acquire the remaining shares it doesn’t acquire as part of the Transaction pursuant to a call option.

    Click here to read the full press release.

    well health technologiesmedical device investingtsxv:wellsleepworks medical
    The Conversation (0)

    Go Deeper

    AI Powered
    Early Warning News Release

    Early Warning News Release

    Signature Resources Provides Update on Non-Brokered Private Placement and Closing of a Shares for Debt Transaction

    Signature Resources Provides Update on Non-Brokered Private Placement and Closing of a Shares for Debt Transaction

    Latest News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Medical Device Investing Stocks

    Cardiex Limited

    CDX:AU

    Cleo Diagnostics

    COV:AU

    Ocumetics Technology

    OTC:CA

    Premier Health of America

    PHA:CA

    Bloom Health Partners

    BLMH:CNX

    Applied UV

    AUVI:NSD
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES