WELL Health Launches Affiliate Clinic Model Through Walmart Network
WELL Health Set to launch ‘Affiliate Clinic’ Model Through Walmart Network
Vancouver-based WELL Health technologies is expanding its reach across Canada, acquiring Jack Nathan medical’s clinical assets and launching a new “affiliate Clinic” business model within Walmart stores.
This strategic move, announced this week, sees WELL acquiring 13 owned and operated primary care clinics across Canada, along with a clinic licensing business encompassing 59 licensee clinics. These will form the foundation of WELL’s new Affiliate Clinic business stream.
“This acquisition marks another significant milestone for WELL as we expand our clinical footprint to include Walmart stores in Canada,” said Hamed Shahbazi, founder and CEO of WELL Health. “the addition of Jack Nathan’s network strengthens WELL’s position as the largest clinic owner-operator in the country and introduces a new business model that gives healthcare providers another way to partner with WELL.”
The acquired clinics will be rebranded as WELL Health Medical Centres, reflecting the company’s commitment to tech-enabled healthcare delivery.
A New Model for Healthcare Access
WELL’s Affiliate Clinic model allows the company to generate high-margin rental income from clinics without directly managing their day-to-day operations. This scalable approach empowers autonomous healthcare providers to operate their clinics while leveraging WELL’s tools and infrastructure.
“through the newly acquired licensing arrangement with Walmart Canada, WELL gains a unique chance to deliver care conveniently in high-traffic, densely populated areas within walmart Canada’s footprint of over 400 locations, including geographies not currently served by WELL,” Shahbazi explained.
Walmart Canada,with over 400 locations across the country,sees this partnership as a way to enhance healthcare accessibility for Canadians.
“We want to be the health and wellness destination for the communities we serve,” said Alex Hurd,Vice President of Health Services at Walmart Canada. “We welcome WELL into the Walmart Canada ecosystem geared towards enhancing access to affordable, personalized care for all Canadians.”
WELL’s Continued Growth
This acquisition builds on WELL’s impressive growth trajectory. Last year, the Vancouver Canucks selected WELL as their Official Medical Services Provider, utilizing the WELL Health Medical & Longevity center.
Currently, WELL’s solutions empower 33,000 healthcare providers across North america. The company, named a Life Sciences BC Company of the Year for 2023, is publicly traded on the toronto Stock Exchange under the symbol WELL.
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