HEALWELL AI Acquires Intrahealth Systems from WELL Health Technologies

WELL Health Technologies Acquires Intrahealth Systems Limited

March 7, 2021

Healthcare Services

WELL Health Technologies Corp. agreed to acquire all outstanding shares of Intrahealth Systems Limited for approximately $19.25 million to expand its EMR product suite and accelerate international growth. The acquisition adds an enterprise-class EMR (Profile EMR) with strong recurring revenue (over 80%) and ~ $9M in trailing 12-month revenue, broadening WELL's footprint into New Zealand and Australia and enhancing cross-sell opportunities across the WELL EMR Group.

WELL Health Technologies Acquires Control of HEALWELL AI Inc.

April 1, 2025

AI & Machine Learning

WELL Health Technologies exercised a previously negotiated call option concurrent with HEALWELL AI Inc.'s closing of its NZ$175 million acquisition of Orion Health, acquiring optioned common and multiple-voting shares of HEALWELL. Following the exercise, WELL holds approximately 37% of the economic interest and roughly 69% of the voting rights in HEALWELL and will hold the shares for investment purposes.

HEALWELL AI to Acquire VeroSource Solutions

June 11, 2024

Healthcare Services

HEALWELL AI Inc. has agreed to acquire VeroSource Solutions Inc. for total consideration of approximately $24.5 million in a two-step transaction (initial ~51% on July 1, 2024 and remaining ~49% expected about January 1, 2025), payable in cash, HEALWELL subordinate voting shares and a performance-based earn-out. VeroSource, a Canadian health-data interoperability and digital-front-door platform serving provincial health clients, is expected to generate over $8 million in 2024 with strong recurring revenue and margins and will expand HEALWELL's population-health and AI-driven capabilities.

HEALWELL AI Acquires BioPharma Services from Think Research

July 8, 2024

Pharmaceuticals

HEALWELL AI Inc. (TSX: AIDX) has acquired BioPharma Services Inc., a Toronto-based contract research organization (CRO), from Think Research Corporation. The acquisition expands HEALWELL's clinical research capabilities by integrating BioPharma's Phase 1/2a and bioequivalence trial expertise with HEALWELL's AI, patient databases and clinic network.

WELL Health Acquires ExecHealth Inc.

April 8, 2021

Healthcare Services

WELL Health Technologies Corp. agreed to acquire all issued and outstanding shares of ExecHealth Inc., an Ottawa-based omni-channel provider of primary, corporate and executive health services. The deal consideration includes CA$6.52M cash, CA$4.21M in WELL common shares and a performance-based earn-out of up to CA$1.89M; the transaction expands WELL's clinical footprint into Ontario and its premium corporate/executive health offering.

WELL Health (WELL Ventures) Makes Minority Investment in Tali.ai

April 13, 2022

AI & Machine Learning

WELL Health Technologies, through its WELL Ventures subsidiary, made a minority investment in Tali.ai and entered a five-year strategic alliance to commercialize Tali.ai's AI voice assistant across WELL's EMR portfolio and apps.health marketplace. The deal gives WELL access to Tali.ai's NLP-driven voice capabilities for clinicians and enables Tali.ai to be beta-tested in WELL clinics and offered to over 15,000 providers across Canada.