06/02/2026
WELL announced that it has achieved its goal of $100 million in annualized Adjusted EBITDA run-rate for its WELL Canada segment, three calendar quarters ahead of the timeline it had previously guided to, and at materially better margins.
This milestone reflects the combined strength of WELL’s organic growth and its disciplined acquisition strategy across the Canadian business.
📌 WELL had previously guided a $100 million annualized Adjusted EBITDA run-rate by Q1-2027 on approximately $800 million of revenue.
📌 On June 1, 2026, WELL closed two complementary, immediately accretive acquisitions in Ontario and Québec, focused on diagnostic imaging and procedural care: 100% of the OID Group and approximately 65% controlling interest in UnionMD.
📌 The two acquisitions generated combined Adjusted EBITDA of approximately $22 million in 2025, reflecting Adjusted EBITDA Margins of well over 25%, and bringing WELL Canadian Clinics to well over $80 million in annualized Adjusted EBITDA run-rate.
📌 On the strength of this performance and the contribution of the completed acquisitions, WELL now expects to exceed the top end of its previously announced 2026 Adjusted EBITDA guidance range of $175 million to $185 million. The Company intends to provide a formal update to its 2026 outlook in connection with announcing its second quarter financial results.
Read the full press release here: https://ow.ly/nmyE50Z6Fvj