Advanced clinical decision support systems
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HEALWELL AI Announces Strategic Divestments and Progression to a Pure-Play SaaS, Services and AI Business
Newsfile· 2025-11-03 08:15
Core Insights - HEALWELL AI has completed strategic divestments to transition into a pure-play SaaS, services, and AI business focused on preventative healthcare [3][4][5] - The transactions include the sale of non-core assets to WELL Health Technologies Corp. and the establishment of a clinical research joint venture [3][4][5] Transaction Details - HEALWELL sold its Polyclinic Family Medicine and Specialty Clinics Group to WELL Clinics, which has managed these clinics since January 2024 [5][7] - The company divested its 58.66% interest in Mutuo Health Solutions to WELLSTAR Technologies, allowing HEALWELL to concentrate on its core digital healthcare solutions [5][8] - A 50/50 clinical research joint venture was formed with WELL Health Technologies, aimed at advancing clinical research initiatives [5][9] Financial Impact - The transactions are expected to add approximately $9.4 million in cash to HEALWELL's balance sheet upon closing [4] - HEALWELL's revenue run rate is projected to be around $120 million annually, with profitability on an Adjusted EBITDA basis [5] Strategic Focus - The company aims to enhance its focus on high-margin AI and software services for large enterprise customers globally [4][6] - HEALWELL is committed to integrating validated AI solutions with its healthcare software segment to achieve margin expansion and organic growth [6] Governance and Compliance - A special committee was formed to assess the transactions, ensuring fairness and compliance with regulations [10][11][15] - The transactions were approved under the TSX Company Manual and are exempt from certain formal valuation requirements due to their aggregate fair market value [16][17]
HEALWELL AI to Announce Fiscal Third Quarter 2025 Financial Results on November 6, 2025
Newsfile· 2025-10-27 21:08
Core Insights - HEALWELL AI will announce its Fiscal Third Quarter 2025 financial results on November 6, 2025, and will hold a conference call on November 7, 2025, at 8:30 AM ET [1][2] Company Overview - HEALWELL AI is a healthcare artificial intelligence company focused on preventative care, aiming to improve healthcare and save lives through early disease identification and detection [3] - The company is developing advanced clinical decision support systems to help healthcare providers detect rare and chronic diseases, enhance practice efficiency, and improve patient health outcomes [3] - HEALWELL AI is publicly traded on the Toronto Stock Exchange under the symbol "AIDX" and on the OTC Exchange under the symbol "HWAIF" [3]
HEALWELL Files Amended Business Acquisition Report
Newsfile· 2025-10-24 23:06
Core Insights - HEALWELL AI Inc. has filed an amended and restated business acquisition report regarding its acquisition of Orion Health Holdings Limited, which was completed on April 1, 2025 [1][2] - The amended report updates the audit report to confirm compliance with International Standards on Auditing (ISA) instead of the previously reported ISA (New Zealand) [2] Company Overview - HEALWELL AI is a healthcare artificial intelligence company focused on preventative care, aiming to improve healthcare through early disease identification and detection [4] - The company is developing advanced clinical decision support systems to assist healthcare providers in detecting rare and chronic diseases, enhancing practice efficiency, and improving patient health outcomes [4] - HEALWELL is publicly traded on the Toronto Stock Exchange under the symbol "AIDX" and on the OTC Exchange under the symbol "HWAIF" [4]
HEALWELL AI to Present at the 2025 Cantech Investment Conference in Toronto
Newsfile· 2025-09-23 11:50
Company Overview - HEALWELL AI Inc. is a healthcare artificial intelligence company focused on preventative care, aiming to improve healthcare and save lives through early identification and detection of diseases [5] - The company is developing and commercializing advanced clinical decision support systems to help healthcare providers detect rare and chronic diseases, improve practice efficiency, and enhance patient health outcomes [5] Conference Participation - HEALWELL AI will participate in the 2025 Cantech Investment Conference on October 9, 2025, in Toronto, Ontario, represented by Dr. Alexander Dobranowski, President, and Anthony Lam, CFO [1][2] - Dr. Dobranowski will also speak on the Lunch Keynote Panel titled "AI Investment Opportunities," discussing HEALWELL's capital allocation story and the company's growth over the past two years [2] Industry Context - The Cantech Investment Conference is recognized as Canada's leading technology and diversified industries investment event, providing emerging companies with opportunities to showcase innovations and growth strategies [4] - The conference facilitates networking, knowledge exchange, and investment opportunities, featuring panel discussions with industry experts to provide insights into current trends and challenges [4]
HEALWELL AI to Announce Fiscal Second Quarter 2025 Financial Results on August 13, 2025
Newsfile· 2025-08-06 07:15
Core Viewpoint - HEALWELL AI Inc. is set to announce its Fiscal Second Quarter 2025 financial results on August 13, 2025, and will hold a conference call to discuss these results [1][2]. Company Overview - HEALWELL AI is a healthcare artificial intelligence company focused on preventative care, aiming to improve healthcare and save lives through early disease identification and detection [3]. - The company is developing advanced clinical decision support systems to assist healthcare providers in detecting rare and chronic diseases, enhancing practice efficiency, and improving patient health outcomes [3]. - HEALWELL AI is publicly traded on the Toronto Stock Exchange under the symbol "AIDX" and on the OTC Exchange under the symbol "HWAIF" [3].