WELL Health Technologies Corp T.WELL

Alternate Symbol(s): WHTCF | T.WELL.DB

Healthcare

WELL Health Technologies Corp. is a practitioner-focused digital healthcare company. The Company develops technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. Its business units include Canadian Patient Services, WELL Health USA Patient Services and SaaS and Technology Services. WELL Health USA Patient and Provider Services includes Primary Circle Medical, Primary WISP, Specialized CRH Medical, and Specialized Provider Staffing. Its healthcare and digital platform includes front and back-office management software applications that help physicians run and secure their practices. Its focused markets include the gastrointestinal market, women's health, primary care and mental health. Its solutions enable 34,000 healthcare providers between the United States and Canada and power owned and operated healthcare’s in Canada with 165 clinics supporting primary care, specialized care and diagnostic services.

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WELL Health Technologies Corp

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Post by retiredcfon Nov 17, 2023 8:18am

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Post# 35740714

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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