Healthcare Tech Stock Moves Up on Acquisition

WELL Health Technologies Corp. (TSXV:WELL), a Canadian healthcare tech stock, advanced after agreeing to acquire Trinity Healthcare Technologies

Sean Mason | November 22, 2019 | SmallCapPower

An acquisition for the records produced a healthy gain for a Canadian healthcare tech stock Friday. Here’s some small stocks making big moves on Friday, November 22, 2019 (as of 4 pm EST):

WELL Health Technologies Corp. (TSXV:WELL), a Canadian healthcare tech stock, rose as much as 6% on Friday after announcing that it has agreed to acquire Trinity Healthcare Technologies, Canada’s second-largest provider of OSCAR (Open Source Clinical Application Resource) based Electronic Medical Records, servicing more than 500 clinics in Ontario. WELL will pay a total consideration of $7,225,000, consisting of $4,696,250 paid in cash on hand as well as $1,445,000 paid in WELL Health common shares at a price of approximately $1.39 per share.

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As well, shares of Torque Esports Corp. (TSXV:GAME) were halted as the esports company said it has agreed to a three-way merger with Frankly Inc. (TSXV:TLK) and WinView, Inc. to form an integrated news, gaming, sports and esports platform. The combined company will be called Engine Media Holdings, Inc.

Fortune Minerals Limited (TSX:FT), meanwhile, reported that it has signed an Access Agreement with the Tlicho Government that supports the development of the NICO cobalt-gold-bismuth-copper project in Canada’s Northwest Territories. Fortune Minerals stock moved up 7% to $0.08 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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