WELL is committed to providing cyber security protection and patient data privacy across all of its businesses including primary care, Electronic Medical Record (EMR), telehealth and digital health solutions.
The WELL Cybersecurity business unit is led by Iain Paterson, CEO, and Melinda Coultar, Vice President of Services.
On August 4th, 2020, WELL Health Technologies Corp. acquired all the assets related to Cycura’s Services Division for $2.55M in all cash. In the 12 months prior the acquisition, Cycura’s Services Division generated revenues exceeding $1.7M. The Transaction is expected to be immediately accretive to WELL, contributing double digit EBITDA margins.WELL’s acquisition of Cycura’s Services Division elevates WELL’s cybersecurity program with an industry leading team with extensive experience in the healthcare and technology sectors.
Cycura Inc. is a leader in providing top-tier cybersecurity services, whose key principals have extensive experience in protecting patient health data in the provincial Ministry of Health and acute care hospital settings. Cycura provides its cybersecurity services to a number of high-profile companies in various industries across Canada, including a collection of healthcare related clients focusing on mental health, telemedicine, health insurance and benefits, and other disciplines. Cycura has also recently completed technical security assessments on medical devices used nationwide in both acute care and long-term care settings