WELL Health Technologies Acquires Control of HEALWELL AI Inc.

HEALWELL AI Acquires Intrahealth Systems from WELL Health Technologies

January 25, 2024

Healthcare Services

HEALWELL AI Inc. agreed to acquire Intrahealth Systems Limited from WELL Health Technologies Corp. for approximately $24.2 million, primarily paid in HEALWELL shares. The acquisition adds a mature, SaaS-based EHR platform supporting ~15,000 clinicians (expected >$12M revenue in 2024, >80% gross margins) and will be integrated with HEALWELL's AI tools to create an AI-powered EHR.

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.

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.

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.

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 MyHealth Partners

June 7, 2021

Healthcare Services

WELL Health Technologies Corp. agreed to acquire MyHealth Partners Inc. for C$206M in cash, shares and debt financing plus a contingent earn-out of up to C$60M, making WELL the largest outpatient medical clinic owner-operator in Canada and a leading multi-disciplinary telehealth provider. MyHealth operates 48 locations across Ontario (with ~75% of consultations via telehealth) and is expected to generate proforma revenues of approximately C$100M with ~20% EBITDA margins in 2021.