It’s been a busy year for WELL Health Technologies Corp. (TSX.V: WELL). In early February, the company announced the acquisition of CRH Medical Corporation (NYSE: CRHM), which provides physicians with innovative services and products for the treatment of gastrointestinal diseases, for $292.7 million. Following that, in March the company purchased Intrahealth, a Vancouver-based healthcare software company, for a modest $12.16 million.

Now, WELL Health is adding MyHealth Partners Inc. to its growing portfolio of companies. MyHealth Partners provides specialty care, telehealth services and accredited diagnostic health services provider that owns and operates 48 locations across Ontario. The company has over 760 physicians and other healthcare professionals providing patient services.

WELL Health will pay CAD$206 million fully funded via a combination of WELL shares (priced at CAD $9.80/share). The deal also includes a future conditional earn-out of up to CAD $60 million. Converted to USD, the price comes out to around $171 million, or 2.06x MyHealth Partners’ estimated 2021 revenues and 10.30x estimated 2021 EBITDA.

This deal positions WELL as the largest owner-operator of outpatient medical clinics in Canada with 74 combined clinics. Post-closing, MyHealth will become a WELL subsidiary and business unit and will be operated by its current staff.