TSX:WELL - Post Discussion
Post by
retiredcf on Nov 17, 2023 8:18am
Ink Research
Morning Report: A well of healthy AI opportunity
November 17, 2023
Healthcare technology firm HealWELL AI (AIDX), formerly known as MCI Onehealth Technologies, has soared 320% over
the past 6 months, and that momentum has driven the stock into the November edition of our Top 40 Report. HealWELL AI makes its Top 40 debut at number 14. The company is focused on the use of AI and data science for preventative care, particularly in the area of early identification and detection of disease.
On October 2nd, HealWELL announced the closing of a strategic transaction with WELL Health Technologies (Mixed; WELL) in which it sold 12 medical clinics in Ontario in exchange for compensation including $1.5 million in cash and a further $4.0 million in exchange for 5-year convertible debentures. As part of the deal, WELL Health gets a call option to purchase up to 30.8 million HealWELL Class A Subordinate Voting shares and 30.8 million HealWELL Class B Multiple Voting shares and WELL Health Executive Chairman and CEO Hamed Shabazi joined HealWELL's board. Mr. Shahbazi bought modestly in the public market in October.
In November, HealWELL announced a strategic investment in German medical practice management software provider doctorly GmbH as well as an agreement to acquire a majority ownership position in preventative care AI firm Pentavere Research Group Inc.
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