07:37 AM EST, 02/03/2025 (MT Newswires) -- Well Health ( WHTCF ) on Monday said its comprehensive return on invested capital (ROIC) based on exit run-rates for 2024 was 28%, compared with 24% in 2023 and 41% in 2022. The company also said it would not experience any material impact from tariffs.

The company acquired 95 clinics last year, compared with 29 in 2023 and seven in 2022.

Well Health's ( WHTCF ) M&A prospect pipeline now includes 165 clinics generating over $440 million in annualized revenue. Its near-term pipeline includes 19 signed LOIs representing $50 million in revenue.

Well Health ( WHTCF ) said it doesn't face material tariff threats to its business as it does not have cross-border sales between Canada and the U.S. The healthcare sector "is inherently defensive, recession proof and insulated from much of the volatility affecting other industries," it noted.

Even if the tariffs escalated to include services, Well Health ( WHTCF ) would still not be materially exposed as it does not offer its healthcare software platform capabilities or care delivery services on a cross-border basis between the two countries. Well Health ( WHTCF ) generates over 60% of its earnings in U.S. dollars, positioning it favourably in periods of uncertainty, the company said.