#Canada #Vancouver #WELL Health #HEALWELL AI

WELL Health Technologies Corp. Enhances Investment with HEALWELL AI Acquisition

On April 1, 2025, WELL Health Technologies Corp. (TSX: WELL; OTCQX: WHTCF) made headlines as it completed a strategic acquisition involving the shares of HEALWELL AI Inc. This deal underscores WELL's commitment to expanding its technological capabilities and market reach in the healthcare sector.

The Acquisition Breakdown

The acquisition process began with a call option agreement established on October 1, 2023, between WELL and Dr. Sven Grail and Dr. George Christodoulou, the founding shareholders of HEALWELL. This agreement provided WELL with a right to purchase up to 30.8 million subordinate and multiple voting shares of HEALWELL, contingent upon achieving specific performance milestones that indicated financial growth.

Following the closing of a significant agreement where HEALWELL purchased Orion Health Holdings Limited for approximately NZ$175 million, the timing was ripe for WELL to exercise its call right, a move that was made concurrent with the completion of the Orion acquisition. This strategic alignment facilitated a smooth transition and enhanced WELL’s ownership stake, which now includes a combination of shares and warrants totaling over 97 million HEALWELL shares.

Significance of the Deal

With this acquisition, WELL now retains around 37% of HEALWELL's economic interest and holds a commanding presence over the voting rights with approximately 69% on a partially-diluted basis. Such a significant stake amplifies WELL's voice in the operational and strategic decisions of HEALWELL, placing it in a strong position to steer the company towards achieving its future goals. Each of the multiple voting shares constitutes nine votes, which substantially boosts WELL's influence.

Prior to this acquisition, WELL had already established a foothold in HEALWELL by holding substantial shares and subscription receipts, indicating a calculated approach towards capitalizing on HEALWELL’s market potential. WELL's continuous review of its investment strategy suggests a proactive stance in responding to market dynamics.

Looking Ahead

This acquisition not only enhances WELL’s portfolio but also sets the stage for potential advancements in technology and service offerings within the healthcare industry. As WELL aims to expand its operational capabilities, it is poised to leverage HEALWELL's technology and innovations to deliver superior health solutions.

WELL Health Technologies Corp., headquartered in Vancouver, British Columbia, remains focused on its mission to provide comprehensive healthcare services. This strategic acquisition is expected to bolster WELL's position as a leader in the healthcare technology space, increasing both patient engagement and operational efficiency.

As this new chapter unfolds for WELL, industry observers are keen to see how the integration of HEALWELL will influence healthcare technology trends and the overall industry's trajectory. With WELL consistently reviewing its investment in HEALWELL, further adjustments may come about, reflecting the evolving landscape of healthcare technology investments.

By pursuing aggressive growth strategies and maintaining a close watch on market evolutions, WELL appears well-equipped to navigate future challenges and capitalize on emerging opportunities in the healthcare sector.

For more detailed information about this acquisition, stakeholders can review WELL’s early warning report available at www.sedarplus.ca under HEALWELL's profile.