Business
WELL Health Provides Corporate Update on WELLSTAR Reflecting Organic and Inorganic Growth Wins
WELLSTAR is pleased to confirm that OceanMD has been awarded a material eReferral contract with a...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"WELL Health Provides Corporate Update on WELLSTAR Reflecting Organic and Inorganic Growth Wins\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n WELLSTAR is pleased to confirm that OceanMD has been awarded a material eReferral contract with a Canadian province following a competitive procurement process. This is a significant new customer contract that immediately uplifts WELLSTAR’s overall Annual Recurring Revenue (“ARR”) by 16%\n \n (1)\n \n .\n \n\n WELLSTAR’s OceanMD is Canada’s eReferral market leader with programs in four Canadian provinces now facilitating over 1.7 million eReferrals annually nationwide with participation from more than 20,000 physicians and 3,800 clinics.\n \n\n WELLSTAR has signed three M&A-related transactions in November, including leading-edge Ambient AI Scribe Mutuo and two others within the Company’s billing unit.\n \n\n WELLSTAR recently released its Q3 financials, which demonstrated accelerated organic growth of 26% with overall YoY revenue growth of 67%.\n \n\n On October 31, 2025, WELLSTAR announced that it had executed an agreement with a leading group of institutional investors to raise $62 million to execute on growth opportunities. WELLSTAR has added a new member to its corporate development team and is aggressively pursuing its M&A pipeline.\n \n\n\n\n\n WELL Health Technologies Corp. (TSX: WELL, OTCQX: WHTCF) (the “Company” or “WELL”), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to provide a corporate update on its majority-owned platform subsidiary, WELLSTAR Technologies Corp. (“WELLSTAR”), including recent developments related to OceanMD’s eReferral platform, recent strategic acquisitions, and the completion of a $62 million Series B financing round.\n \n\n Amir Javidan, CEO of WELLSTAR, commented, “The past twelve months have been transformational for WELLSTAR as we have firmly established ourselves as Canada’s premier digital health platform for healthcare providers. The business has strong momentum, driven by steady organic grow...