Business
WELL Health Reports Record Canadian Patient Visits and Primary Care Margin Expansion in Q1-2026
WELL Canada delivered a record ~1.27 million patient visits (1) in Q1-2026, representing 33% ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"WELL Health Reports Record Canadian Patient Visits and Primary Care Margin Expansion in Q1-2026WELL Canada delivered a record ~1.27 million patient visits(1) in Q1-2026, representing 33% year-over-year growth and 13% organic growth, reflecting broad-based strength across its national network.Primary Care Adjusted EBITDA(2) margins expanded to approximately 8% in Q1-2026 on a preliminary basis, up approximately 200 basis points from 6% in Q1-2025, driven by WELL's clinic transformation program and recent accretive acquisitions. Specialty Care margins continued to comfortably exceed 20%.Affiliate Clinic network expanded to 74 licensee locations, reflecting the continued build-out of WELL's ten-year strategic alliance with a large retailer that WELL partnered with in December 2024. The model is highly recurring, high-margin, and capital-light, giving physicians access to high-traffic retail locations nationally.CardiologyNow virtual visits grew 65% year-to-date, supported by expanded specialist capacity and strong referral demand, reinforcing its role as a key access point into WELL's national diagnostics network.Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - 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, today reported record quarterly patient visits across its Canadian Clinics network and highlighted continued organic growth, margin expansion in its Primary Care segment, the continued scaling of its Affiliate Clinic network, and strong momentum in its CardiologyNow virtual specialty-care platform.Hamed Shahbazi, Chairman and CEO of WELL, commented, \"Our Canadian Clinics network delivered another record quarter, with approximately 1.27 million patient visits and 13% organic growth reflecting the underlying health and compounding value of our platform. Beyond the headline number, we are seeing real operating leverage emerge: margins in Primary Care are expanding as our clinic transformation program takes hold, our Affiliate Clinic network continues to scale in a capital-light manner, and CardiologyNow is rapidly becoming a leading virtual specialty-care platform in Canada. Together, these are the some of the...