HEALWELL AI Leverages Orion Health to Power Entry into US Market
HEALWELL launches in the U.S. market a suite of AI enabled tools to complement Orion Health's established software offerings in the U.S. This will bring together HEALWELLs globally validated AI capabilities with Orion Health's best-in-class health data infrastructure software creating a unique offering for the U.S. market. This U.S. market launch leverages Orion Health's deep U.S. sector experience, existing U.S. footprint and multi-decade track record of delivering health data infrastructure software to customers in eight U.S. states. US digital-health market...
2025-06-11 3:15 AM EDT
HEALWELL Reports Record Revenue Growth of 208% in Q1-2025 Including Record Growth of 224% in AI and Data Science Revenue
HEALWELL achieved quarterly revenue from continuing operations of $14.1 million in Q1-2025, 208% higher than the $4.6 million generated in Q1-2024. Revenue growth was driven by acquisitions in the past year and record growth of 224% in the Company's AI and Data Science business.On April 1, 2025, HEALWELL completed the acquisition of Orion Health, which is expected to contribute approximately $100 million in annual SaaS and services revenue starting in Q2-2025 and propels the Company to being profitable on...
2025-05-13 6:00 AM EDT
HEALWELL AI to Announce Fiscal First Quarter 2025 Financial Results on May 13, 2025
HEALWELL AI to hold a conference call and simultaneous webcast on Tuesday, May 13, 2025, at 1:00 pm ET (10:00 am PT). Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) ("HEALWELL" or the "Company"), a healthcare artificial intelligence company focused on preventative care, is pleased to announce the Company will release its Fiscal First Quarter 2025 financial results for the period ended March 31, 2025, on Tuesday, May 13, 2025. The Company will...
2025-05-06 3:15 AM EDT
HEALWELL Unveils Strategic Changes to Executive Leadership Team to Drive the Next Phase of Integration, Growth and Shareholder Value Creation
Toronto, Ontario--(Newsfile Corp. - April 23, 2025) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) ("HEALWELL" or the "Company"), a healthcare artificial intelligence company focused on preventative care, today announces a number of key executive appointments to the Company's senior leadership team to reflect HEALWELL's focus on building a high-impact leadership team to guide the Company as it shifts to its next phase of growth, scaling its world-class AI technology and health data interoperability capabilities to become a global leader...
2025-04-23 8:00 AM EDT
HEALWELL Completes Acquisition of Orion Health, Becoming a Global Leader in Healthcare Data Interoperability and Artificial Intelligence
HEALWELL has acquired Auckland, New Zealand-based Orion Health Holdings Limited ("Orion Health"), a global healthcare intelligence platform providing subscription licenses and services to marquee public sector clients with data interoperability and healthcare navigation products. Orion Health1 has approximately 400 employees with offices in 11 countries globally. Its software solutions currently support over 70 public and private sector customers representing 150 million patient lives world-wide.HEALWELL will utilize Orion's global health systems and deploy its best-in-class AI technology products to deliver actionable...
2025-04-01 3:15 AM EDT
HEALWELL Gives Notice of Imminent Exercise of Call Option by WELL Health
Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) ("HEALWELL" or the "Company"), a healthcare artificial intelligence company focused on preventative care, announced today that it understands WELL Health Technologies Corp. ("WELL") intends to exercise its right to acquire 30,800,000 Class A Subordinate Voting Shares ("SVS") and 30,800,000 Class B Multiple Voting Shares ("MVS") of the Company from certain of its existing shareholders (the "Call Right") pursuant to the call option agreement between HEALWELL,...
2025-03-31 7:00 AM EDT
CORRECTION FROM SOURCE: HEALWELL Reports Record Revenue with 433% Growth in 2024, and Anticipates Closing of Transformational Orion Health Acquisition on April 1, 2025
Correction from Source: In the previously issued press release this morning, the full year 2024 Adjusted EBITDA loss was inadvertently reported as $1 million. The correct Adjusted EBITDA(1) loss is $16 million. The press release is re-issued below in its entirety with this one correction.HEALWELL achieved record annual revenue from continuing operations of approximately $39 million in fiscal 2024, an increase of 433% compared to fiscal 2023. HEALWELL achieved record quarterly revenue from continuing operations of $15.2 million...
2025-03-26 12:09 PM EDT
HEALWELL Reports Record Revenue with 433% Growth in 2024, and Anticipates Closing of Transformational Orion Health Acquisition on April 1, 2025
HEALWELL achieved record annual revenue from continuing operations of approximately $39 million in fiscal 2024, an increase of 433% compared to fiscal 2023. HEALWELL achieved record quarterly revenue from continuing operations of $15.2 million in Q4-2024, 692% higher than the $1.9 million generated in Q4-2023 and 11% higher than the $13.7 million generated in Q3-2024.On December 16, 2024, HEALWELL announced the acquisition of Orion Health Holdings Limited ("Orion Health", or "Orion"), a leader in global healthcare technology, with over 70...
2025-03-26 9:46 AM EDT
HEALWELL AI to Announce Fourth Quarter and Year End 2024 Financial Results on March 26, 2025
HEALWELL AI to hold a conference call and simultaneous webcast on Wednesday, March 26, 2025, at 1:00 pm ET (10:00 am PT). Toronto, Ontario--(Newsfile Corp. - March 20, 2025) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) ("HEALWELL" or the "Company"), a healthcare artificial intelligence company focused on preventative care, is pleased to announce the Company will release its Fiscal Fourth Quarter and Year End 2024 financial results for the period ended December 31, 2024, on Wednesday, March 26, 2025....
2025-03-20 4:15 PM EDT
HEALWELL Signs $50M Credit Agreement Led by Scotiabank and RBC to Support Orion Acquisition, and Commences Pre-Closing Procedures
HEALWELL has signed a $50 million credit agreement, contingent on and in support of its acquisition of Orion Health, with credit to be provided by a syndicate of Schedule I Canadian Banks, including The Bank of Nova Scotia as Sole Bookrunner, Admin Agent, and Co-Lead Arranger, and Royal Bank of Canada as Co-lead Arranger.The credit agreement also provides for an additional uncommitted future accordion feature of up to $25 million. Between this credit agreement and the capital raised through the...
2025-03-10 3:15 AM EDT
HEALWELL to Participate in Upcoming Scotiabank TMT and ROTH Investor Conferences
28th Annual Scotiabank TMT Conference on March 4-5, 2025, in Toronto, ON37th Annual ROTH Conference on March 16-18, 2025, in Dana Point, CAToronto, Ontario--(Newsfile Corp. - February 27, 2025) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) ("HEALWELL" or the "Company"), a healthcare artificial intelligence company focused on preventative care, is pleased to announce that Dr. Alexander Dobranowski, CEO of HEALWELL AI, will be participating in the following upcoming investor conferences:28th Annual Scotiabank TMT ConferenceDate: March 4-5, 2025Location: Scotiabank Conference...
2025-02-27 3:15 AM EST
HEALWELL's VeroSource Unveils Digital Twin Technology to Bring Real-Time Intelligence to Healthcare Management
VeroSource to support cutting edge Digital Twin technology on its VS Data-as-a-Service Platform, delivering real-time insights and advanced data visualization to optimize healthcare operations.A Digital Twin is a virtual model of a healthcare system or facility that provides real-time insights for better decision-making. By simulating operations without disruption, this technology allows healthcare managers to optimize efficiency, reduce costs, and enhance patient care.Key Features of VeroSource's Digital Twin technology includes Seamless Data Integration and Dynamic Virtual Modelling. It also incorporates data...
2025-02-26 3:15 AM EST
HEALWELL's Khure Health Provides Update Highlighting Significant Acceleration in User and Life Sciences Partner Adoption of Disease Detection AI Powered Co-Pilots and Strong Physician NPS Scores
In Q4-2024, HEALWELL's subsidiary, Khure Health ("Khure") helped physicians identify over 43,000 high-risk patients with its AI-Powered Physician Co-Pilots, across 8 clinical specialities harnessing 132 disease specific algorithms. This figure reflected a quarter over quarter sequential growth of 22% as compared to Q3-2024 and year-over-year growth of 500% as compared to Q4-2023.HEALWELL has executed 4 new Master Services Agreements ("MSA") with new pharmaceutical partners in Q4-2024 relating to the Khure program; bringing the total number of MSAs with life sciences...
2025-02-24 3:15 AM EST
HEALWELL's Pentavere Publishes Study in the Journal of Liquid Biopsy; Validating DARWEN(TM) AI as a Leading Artificial Intelligence Clinical Decision Support Tool in Oncology
The use of the DARWEN™ AI platform achieved time savings representing a 100-fold improvement as compared to traditional manual processes(1), demonstrating the opportunity to advance care and improve patient outcomes by leveraging cutting edge AI technology in clinical care. This study was conducted in collaboration with Princess Margaret Cancer Centre and is one of the world's first peer-reviewed studies to use an artificial intelligence platform to demonstrate the value of liquid biopsies in speeding up lung cancer treatment in...
2025-02-13 3:15 AM EST
HEALWELL Receives Regulatory Approval from Overseas Investment Office of New Zealand to Acquire Orion Health
HEALWELL receives consent from the Overseas Investment Office of New Zealand (the "OIO") for HEALWELL to acquire all of the shares (the "Orion Shares") of Orion Health Holdings Limited ("Orion Health"), as contemplated in the previously disclosed share purchase agreement dated December 16, 2024. Orion Health is a leader in global healthcare technology, with over 70 customers worldwide in 11 countries and approximately 400 team members. Orion Health generates revenues via subscription license and services by serving marquee public...
2025-02-10 3:15 AM EST
HEALWELL Provides Corporate Update Including Strategic Cost Optimization Initiative to Streamline Operations and Pursue M&A Efficiencies
HEALWELL expects to achieve at least $3.0 million in annual cost savings through a strategic cost optimization initiative. HEALWELL is focussed on aligning its operations ahead of the anticipated closing of its previously announced acquisition of New Zealand based Orion Health ("Orion") to optimize synergies and streamline operations between the two companies.HEALWELL also disclosed that it expects to be favourably positioned in the event the U.S. tariffs against Canada were to expand beyond goods to services, as it has minimal...
2025-02-03 3:15 AM EST
HEALWELL AI Closes the $30M Convertible Debt Tranche of its Upsized Bought Deal Financing
HEALWELL has completed the convertible debt tranche of its previously announced upsized $55 million bought deal financing, issuing subscription receipts for $30 million in convertible debentures. The proceeds of the financing, together with the $25.5 million equity tranche of the offering completed last week, will be used to fund the previously announced acquisition of New Zealand based Orion Health.Toronto, Ontario--(Newsfile Corp. - January 28, 2025) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) ("HEALWELL" or the "Company"), a healthcare artificial...
2025-01-28 2:35 PM EST
HEALWELL AI Closes the $25.5M Equity Tranche of Its Upsized Bought Deal Financing
HEALWELL has completed the equity tranche of its previously announced upsized $55 million bought deal financing, raising gross proceeds of $25.5M. The proceeds of the financing will be used to fund the previously announced acquisition of New Zealand based Orion Health.The balance of the bought deal financing consists of the convertible debenture portion of the offering, which the Company is now targeting to complete on or about January 28, 2025.Toronto, Ontario--(Newsfile Corp. - January 21, 2025) - HEALWELL AI Inc....
2025-01-21 11:41 AM EST
HEALWELL AI Receives Written Shareholder Approval for Pending Acquisition of Orion Health and Related Financing
The Company has obtained shareholder approval for its proposed acquisition of Orion Health and its previously announced $55 million bought-deal financing. The Company also announced that a Schedule A Bank has obtained internal risk approval for a senior secured credit facility in the amount of $50 million, subject to the Company finalizing a credit agreement with the Bank.The Company expects to complete its upsized bought deal offering later this week. Toronto, Ontario--(Newsfile Corp. - January 14, 2025) - HEALWELL AI...
2025-01-14 3:15 AM EST
HEALWELL Acquires Control of Mutuo Health Solutions to Build Next Generation of AI-Powered Physician Co-Pilots
HEALWELL has acquired a majority controlling interest in Mutuo Health Solutions, a Toronto-based medical artificial intelligence company focused on developing predictive clinical AI technology.Mutuo Health's AutoScribe platform is an advanced AI-powered ambient scribe solution that transcribes clinician-patient interactions into high-quality electronic medical records in real time using natural language processing and machine learning technology.AutoScribe's speech recognition capabilities, designed with a robust patient privacy framework, allows healthcare providers to focus on patient care, significantly reduce administrative burden and enhance care delivery.HEALWELL...
2024-12-03 3:15 AM EST