RE:Price increaseSteve33 wrote: We seem to be slowly going up, even on the red days. I think part of it is HealWell keeps going up. They have a bid/ask premarket at $2.50 today. We own 40 percent of them. I think this is our year along with other small caps that have been neglected.
Is that all? 40%? And WELL will be applying HealWell's technology to its vast patient data?
Perplexity Ai:
WELL Health Technologies Corp. has a significant interest in HEALWELL AI Inc. (formerly MCI Onehealth Technologies Inc.) as evidenced by the following: - WELL invested $4 million as the lead investor in HEALWELL's private placement offering of convertible debenture units for gross proceeds of $10 million.
- WELL acquired HEALWELL's clinical assets in Ontario.
- WELL formed a strategic alliance with HEALWELL focused on developing AI-enabled disease detection and preventative care tools for healthcare providers.
- WELL received a conditional call option to acquire up to 30.8 million Class A shares and 30.8 million Class B shares in HEALWELL over time upon achieving certain performance metrics. If WELL fully exercises this call option, it is expected to control over 70% of the voting shares in HEALWELL.
- WELL launched 'WELL AI Decision Support' powered by HEALWELL AI, empowering healthcare providers with next-generation AI decision support systems developed in close collaboration with physicians.
In summary, WELL Health has made a significant investment in HEALWELL AI and formed a strategic partnership to jointly develop AI technologies for disease detection and preventative care, with the option to acquire a controlling stake in HEALWELL in the future. This aligns with WELL's mission to empower healthcare providers through innovative technologies.