Why WELL Health (TSX:WELL) Stock Surged 22% Yesterday : vima

Why WELL Health (TSX:WELL) Stock Surged 22% Yesterday


Telehealth challenger
WELL Health Technologies(TSX:WELL) has been on an acquisition spree for the past few years. Every new acquisition expands its platform’s capabilities and potential target market. The latest one, announced yesterday, boosted WELL Health stock by a whopping 22%. 
Here’s a closer look at the latest acquisition and the company’s path forward. 
Growth via acquisitions
Most technology companies grow in one of two ways: intrinsic innovation or extrinsic acquisitions. In other words, they either create innovative new services or acquire smaller firms with unique and innovative products. An ideal tech company focused on growth applies both strategies. 

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