May 30 (Reuters) - WELL Health Technologies Corp WELL.V :
* WELL HEALTH TO ACQUIRE KAI INNOVATIONS, CANADA'S LARGEST PROVIDER OF OSCAR EMR SERVICES
* TOTAL CONSIDERATION PAYABLE BY WELL IN CONNECTION WITH ACQUISITION OF KAI IS APPROXIMATELY $10,750,000
* WELL PLANS TO FINANCE THIS ACQUISITION THROUGH CASH ON HAND AND A BOUGHT DEAL PRIVATE PLACEMENT LED BY GMP SECURITIES
* ARJUN KUMAR, KAI'S CEO, WILL BECOME WELL'S CHIEF INFORMATION OFFICER
* UPON CLOSING, THIS ACQUISITION WILL BOOST WELL'S RECURRING SAAS REVENUE AND BE IMMEDIATELY ACCRETIVE TO EARNINGS
* KAI'S COO, SARA BOND, WILL JOIN WELL'S MANAGEMENT TEAM AS SENIOR VICE PRESIDENT OF PRODUCT DEVELOPMENT