Q: Well Health achieved very low return on invested capital results (ROIC) over the past seven years. What does this mean? Does it mean that their acquisitions were not financially successful?
Thank you,
Gabor
Thank you,
Gabor
5i Research Answer:
WELL really did not have any significant revenue until 2021 so we would not consider seven years as a term of comparison. Certainly it will take time to see the benefits of its acquisition strategy, but we do expect this ratio to improve over time.