WELL Health Technologies Corp. (TSXV:WELL), a healthcare tech stock, jumped after agreeing to acquire Electronic Medical Records provider KAI Innovations
A healthcare tech stock climbed Friday following an acquisition for the records. Here’s some small stocks making big moves on Friday, May 31, 2019 (as of 4 pm EST):
WELL Health Technologies Corp. (TSXV:WELL), a healthcare tech stock, climbed 7% to $0.75 on Friday after announcing that it has agreed to acquire KAI Innovations for a total consideration of approximately $10.75 million, payable in cash and stock. KAI has the third-largest Electronic Medical Records (EMR) user base in Ontario and is the largest provider of OSCAR EMR services to healthcare clinics in the country.
As well, shares of Aequus Pharmaceuticals Inc. (TSXV:AQS) slid 9% to $0.16 as the specialty pharmaceutical company said its first-quarter revenue fell 12% to $328,996.
Lightspeed POS Inc. (TSX:LSPD), meanwhile, reported better-than-expected fiscal 2019 financial results and announced the acquisition of Chronogolf, a cloud-based software offering that facilitates management for golf course operators around the world. Lightspeed POS stock moved up 14% to $27.10 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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WELL Health Technologies Corp. (TSXV:WELL), a healthcare tech stock, climbed 7% to $0.75 on Friday after announcing that it has agreed to acquire KAI Innovations for a total consideration of approximately $10.75 million, payable in cash and stock. KAI has the third-largest Electronic Medical Records (EMR) user base in Ontario and is the largest provider of OSCAR EMR services to healthcare clinics in the country.
