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WELL Health Announces Delay in Filing of Annual Audited Financial Statements Due to Matter Related to US Subsidiary Circle Medical
WELL Health Announces Delay in Filing of Annual Audited Financial Statements Due to Matter Relate...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n\n\n\n WELL Health Announces Delay in Filing of Annual Audited Financial Statements Due to Matter Related to US Subsidiary Circle Medical\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 28, 2025\n \n\n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, announces that it will be delaying the filing of its audited annual consolidated financial statements for the year ended December 31, 2024, the related management's discussion and analysis, and related CEO and CFO certificates (collectively, the \"\n \n Required Filings\n \n \") beyond the\n \n March 31, 2025\n \n deadline (the \"\n \n Deadline\n \n \").\n \n\n\n\n\n\n\n\n\n The delay is resulting from the accounting implications related to the Company's non-wholly owned\n \n Delaware\n \n subsidiary Circle Medical Technologies, Inc. (\"\n \n Circle\n \n\n Medical\n \n \"), as described in further detail below. In fiscal 2023, Circle Medical contributed a net loss of\n \n $1.1 million\n \n to WELL's consolidated net income of\n \n $16.6 million\n \n and contributed less than 2.7% to WELL's consolidated Adjusted EBITDA\n \n (1)\n \n .\n \n\n In\n \n September 2024\n \n , Circle Medical received a request for the voluntary production of documents and information (\"\n \n RFI\n \n \") from the Civil Division of\n \n th...