HEALWELL Provides Corporate Update Reflecting Strengthened Balance Sheet with $15.5 Million Reduction of Total Liabilities
HEALWELL is pleased to provide an update on its improved balance sheet with the reduction of approximately $15.5 million of liabilities in Q2-2024. HEALWELL has successfully settled certain payment obligations related to the legacy MCI Medical Clinics Inc. ("MCI Ontario") business, resulting in extinguishing $3.9 million in future liabilities including rent and operating costs, and $2.5 million of payments in arrears. In addition, HEALWELL has received forgiveness as expected for the loans...
2024-07-10 7:00 AM EDT
HEALWELL AI Announces Successful Closing of Two Strategic Acquisitions: VeroSource Solutions and BioPharma Services
HEALWELL has completed the previously announced acquisitions of both VeroSource Solutions Inc. and BioPharma Services Inc., which boosts HEALWELL's proforma annualized revenue run-rate to be greater than $65 million and significantly improves HEALWELL's profitability. Serving five different provincial health clients across Canada, VeroSource is an end-to-end, customizable, cloud-based data interoperability platform that enables patients, care providers and administrators to seamlessly access...
2024-07-02 3:15 AM EDT
HEALWELL AI Announces Strategic Investment in xAI to Accelerate Development of Healthcare Focused Large Language Models That Benefit from xAI Developer Ecosystem
HEALWELL completes USD $2,000,000 strategic investment into an xAI investment vehicle as part of its capital allocation strategy where it seeks to enhance and accelerate the development of its healthcare focused data science capabilities by partnering with world class platforms and seeking opportunities to integrate them with its own proprietary data and technology. HEALWELL has made this investment through Think 1st Principles ("T1P"), an investment fund founded by HEALWELL shareholder and...
2024-06-26 3:15 AM EDT
HEALWELL AI Announces Voting Results of 2024 Annual General Meeting of its Shareholders
Toronto, Ontario--(Newsfile Corp. - June 25, 2024) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) ("HEALWELL" or the "Company"), a healthcare technology company focused on AI and data science for preventative care, is pleased to announce the voting results from its annual general meeting of the shareholders of the Company held on June 25, 2024 (the "Meeting"). Shareholders holding shares entitled to exercise approximately 77.61% of the votes attributable to all of HEALWELL's outstanding shares...
2024-06-25 4:45 PM EDT
HEALWELL AI's Pentavere Demonstrates Its DARWEN AI System Can Support Earlier Detection of Radiation Related Toxicities in Cancer Patients for Preventative Care
Pentavere collaborated with Princess Margaret Cancer Centre's Radiation Oncology Department to assess the feasibility and accuracy of DARWEN™ AI to find patients experiencing radiation related toxicities based on information retrieved from electronic health records. The data and results from this groundbreaking AI research collaboration have been accepted for presentation at the American Society for Radiation Oncology in Washington DC on September 29th and the Canadian Association of...
2024-06-24 3:00 AM EDT
HEALWELL AI to Acquire BioPharma, One of Canada's Largest CROs, to Expand and AI-Enable Clinical Research Offerings
HEALWELL has entered into an agreement to acquire BioPharma Services Inc., one of the largest full-service Contract Research Organizations ("CRO") headquartered in Canada. BioPharma is focused on bioequivalence and early-stage clinical trials, with over 2,200 clinical trials completed to date with approximately 250 pharma clients since inception. BioPharma is expected to generate between $35 to $40 Million of revenue in 2024 with approximately 5% EBITDA1 operating margins based on YTD...
2024-06-13 7:00 AM EDT
WELL Health Launches 'WELL AI Decision Support' Powered by HEALWELL AI; Empowering Healthcare Providers with Next Generation Decision Support Systems
WELL announces the launch of WELL AI Decision Support, to assist healthcare providers in improving early disease diagnosis and preventative health. WELL is exclusively partnering with HEALWELL AI, a leader in AI enabled disease diagnosis to power its solutions both in Canada and the US. WELL's goal is to make AI Enabled Decision Support a core offering to all physicians supported by its fully managed and SaaS platforms which collectively power more than 31,000 physicians and other care...
2023-10-18 8:00 AM EDT
HEALWELL AI Announces Closing of $8 Million Bought Deal Private Placement
Toronto, Ontario--(Newsfile Corp. - October 17, 2023) - HEALWELL AI Inc. (TSX: AIDX) ("HEALWELL" or the "Company") is pleased to announce that it has closed its previously announced "bought deal" private placement financing of 13,333,400 Class A subordinate voting shares of the Company (the "Shares") at a price of $0.60 per Share, for aggregate gross proceeds of $8,000,040 (the "Offering"). The Offering was conducted on a "bought deal" private placement basis by Eight Capital, as lead...
2023-10-17 9:15 AM EDT