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WELL Health Completes Clinic Acquisition and Investment Transactions with HEALWELL AI Inc. (formerly MCI Onehealth), and Forms Strategic Alliance Focused on Developing AI Enabled Disease Detection and Preventative Care Tools for Care Providers
WELL Health Completes Clinic Acquisition and Investment Transactions with HEALWELL AI Inc. (forme...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Completes Clinic Acquisition and Investment Transactions with HEALWELL AI Inc. (formerly MCI Onehealth), and Forms Strategic Alliance Focused on Developing AI Enabled Disease Detection and Preventative Care Tools for Care Providers\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WELL Health completes the previously announced acquisition of HEALWELL's performing clinical assets in\n \n Ontario\n \n adding more than\n \n $21 million\n \n in yearly revenues to WELL's clinical business.\n \n \n WELL Health invests\n \n $4 million\n \n as the lead investor of HEALWELL's convertible debenture offering of\n \n $10M\n \n . WELL becomes the largest shareholder of HEALWELL on an as-converted basis.\n \n \n WELL Health and HEALWELL forge strategic alliance to position HEALWELL as a healthcare technology leader in the North American AI enabled data science and preventative care industry.\n \n \n WELL Health acquires a call right to purchase a controlling interest of HEALWELL from its prior founders which is exercisable upon certain financing and performance metrics.\n \n \n WELL appoints two representatives to HEALWELL's Board of Directors.\n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n TORONTO\n \n \n ,\n \n \n Oct. 3, 2023\n \n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (\"\n \n WELL\n \n \"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce the completion of the strategic transaction (the \"\n \n Transaction\n \n \") with HEALWELL AI Inc. (\"\n \n HEALWELL\n \n \", formerly MCI Onehealth Technologies Inc. (TSX: AIDX)). The Transaction is comprised of WELL's purchase of HEALWELL's clinical assets in\n \n Ontario\n \n , WELL's investment of\n \n $4 million\n \n as the lead investor in HEALWELL's private placement offering of convertible debenture units for gross proceeds of\n \n $10 million\n \n , the formation of a strate...