Search by
On June 1, 2026, WELL Health Technologies Corp., through its subsidiary MyHealth Partners Inc., acquired the assets of several private medical imaging and healthcare clinics operating under the Ontario Imaging Diagnostics brand. The close date was June 1, 2026, and the announce date was June 2, 2026, when WELL publicly disclosed the completed transaction (WELL Health news release, June 2, 2026). The acquisition provides the WELL network with a well-established clinical team and will benefit from WELL's shared services infrastructure, technology platforms and clinic operating model.
The OID-specific purchase price was not disclosed. WELL paid approximately $115 million at closing for the OID Group and its concurrent UnionMD acquisition combined, with total consideration for the two transactions potentially reaching $160 million including future earn-outs and vendor take-back financing. All values are already in Canadian dollars, so no foreign currency conversion applies.
On legal advisors, a Fasken team composed of Henrick Simard, Julien Langlois, Guillaume Giguère, Ali Aziez and Amélie Defoy advised the member corporations and shareholders of Ontario Imaging Diagnostics (the sellers); counsel to WELL was not disclosed.
Parties
Company
WELL Health Technologies Corp.
Company
Ontario Imaging Diagnostics
Deal Type
Merger & AcquisitionIndustry
HealthcareTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
01 June 2026