Healthcare Tech Stock Moves Higher on Acquisition

WELL Health Technologies Corp. (TSXV:WELL), a healthcare tech stock, jumped after agreeing to acquire Electronic Medical Records provider KAI Innovations

Sean Mason | May 31, 2019 | SmallCapPower

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.

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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.

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

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