HEALWELL Signs $50M Credit Agreement Led by Scotiabank and RBC to Support Orion Acquisition, and Commences Pre-Closing Procedures

Core Viewpoint - HEALWELL AI Inc. has signed a $50 million credit agreement to support the acquisition of Orion Health Holdings Limited, a global healthcare intelligence platform, with a target closing date of April 1, 2025 [2][4][7]. Financing Details - The credit agreement consists of a$20 million term loan and a $30 million revolving credit facility, totaling$50 million, with an additional uncommitted accordion feature of up to $25 million [3][5]. - The company has secured financing arrangements exceeding$100 million, including the recent subscription receipt financings, to facilitate the acquisition [4][5]. Acquisition Process - HEALWELL has initiated the pre-closing reorganization process by delivering a trigger notice under the share purchase agreement for Orion Health and has paid a non-refundable advance of NZD$5 million to the vendor [4][5][6]. - All material conditions precedent for closing the acquisition have been satisfied or waived, except for the successful completion of the pre-closing reorganization and payment of the purchase price [6][7]. Strategic Implications - The acquisition of Orion Health will significantly expand HEALWELL's operational footprint, allowing it to serve a population of approximately 150 million lives globally and deepen its penetration into the public sector [7]. - HEALWELL aims to integrate its AI-driven solutions with Orion Health's advanced healthcare data infrastructure, enhancing its capabilities in early disease detection and preventative care [7][9].