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A new AI healthcare opportunity emerges on the TSX

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| October 20, 2023

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  • Healthcare technology company (TSX:AIDX) is the latest firm on the TSX focused on artificial intelligence (AI)
  • Formerly MCI Onehealth Technologies Inc., the company is engaged in AI-enabled disease diagnosis to power its solutions in Canada and the United States
  • The company completed a strategic transaction with digital healthcare company WELL Health Technologies Corp (TSX:WELL) earlier this month
  • HEALWELL AI Inc. opened trading at $0.82 per share

Healthcare technology company HEALWELL AI Inc. (TSX:AIDX) is the latest firm on the TSX focused on artificial intelligence (AI).

Formerly MCI Onehealth Technologies Inc., the company is engaged in AI-enabled disease diagnosis to power its solutions in Canada and the United States.

The company completed a strategic transaction with digital healthcare company WELL Health Technologies Corp (TSX:WELL) earlier this month. The transaction is composed of WELL’s purchase of HEALWELL’s clinical assets in Ontario.

Earlier this week, HEALWELL closed its bought deal private placement financing of 13,333,400 shares at $0.60 per share, for aggregate gross proceeds of C$8,000,040. The company intends to use the proceeds for general corporate and working capital purposes.

Also this week, WELL and HEALWELL launched WELL AI Decision Support, to assist healthcare providers in improving early disease diagnosis and preventative health.

The Toronto-based company’s CEO, Dr. Alex Dobranowski, and his team, as well as representatives from WELL Health, gathered to partake in the Toronto Stock Exchange’s opening this week.

HEALWELL AI Inc. is a healthcare technology and data science company focused on preventative care, with a vision to improve healthcare and save lives through early identification and detection of disease. The company leverages AI for patients and doctors to deliver increased access, reduce healthcare costs, and improve patient outcomes.

HEALWELL AI Inc. opened trading at $0.82 per share.

Join the discussion: Find out what everybody’s saying about this stock on the HEALWELL Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.



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