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

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 Technologies to Acquire Majority Control of HEALWELL AI Concurrent With HEALWELL’s Acquisition of Orion Health

April 1, 2025

Healthcare Services

WELL Health Technologies plans to amend and exercise its call right to acquire a majority controlling interest in HEALWELL AI (HEALWELL) concurrent with the anticipated closing of HEALWELL’s proposed acquisition of Orion Health on April 1, 2025. Following the exercise, WELL expects to begin consolidating HEALWELL from April 1, 2025 and to hold about 37% economic interest and about 69% voting interest in HEALWELL (non-diluted). Separately, HEALWELL completed the Orion Health acquisition on April 1, 2025 and WELL exercised the call right at the same time.

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.

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 Acquires INLIV to Expand Omni-Channel Executive Health Network into Alberta

June 21, 2022

Healthcare Services

WELL Health Technologies Corp. has entered into an asset purchase agreement to acquire the assets of INLIV Inc., a Calgary-based provider of primary care, preventative and corporate/executive health services. INLIV generated approximately CAD 7.3M in revenue for the 12 months ended April 30, 2022, has more than 50 staff and derives over 85% of revenue from recurring membership fees; the transaction consideration includes CAD 1,609,195 at closing plus a CAD 240,375 holdback and is expected to close in Q3 2022.

WELL Health Acquires Two Clinics in British Columbia (Vancouver & Burnaby)

July 8, 2025

Healthcare Services

WELL Health Technologies Corp. completed two acquisitions of clinics in British Columbia on July 1, 2025 — a personalized/ longevity-focused clinic in Vancouver and a large primary care and specialty clinic in Burnaby. The acquisitions are expected to add over C$12 million in annual revenue and roughly C$3 million in Adjusted EBITDA, supporting WELL's continued expansion of its Canadian clinics platform.