Source: CloudMD.
  • CloudMD Software & Services (DOC) has closed the sale of its primary care clinics and Cloud Practice to Well Health Technologies Corp.
  • The $5.75 million cash transaction supports CloudMD’s objective of divesting its entire Clinics & Pharmacies division, improving gross margins and driving profitability
  • WELL Health Technologies offers digital healthcare tools and services to enhance productivity and improve patient outcomes
  • CloudMD is a healthcare technology company servicing over 12 million people across North America
  • CloudMD (DOC) opened trading at C$0.215

CloudMD Software & Services (DOC) has closed the divestiture of its primary care clinics and Cloud Practice to Well Health Technologies Corp. 

The $5.75 million cash transaction with WELL supports CloudMD’s objective of divesting its entire Clinics & Pharmacies division while improving gross margins and driving profitability.

The company is focused on its core businesses, enterprise health solutions (EHS) and digital health solutions  CloudMD is a healthcare technology company servicing over 12 million people across North America.

CloudMD (DOC) opened trading at C$0.215.

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