Mr. Hamed Shahbazi reports

WELL HEALTH COMPLETES ACQUISITION OF THIRTEEN PRIMARY HEALTHCARE CLINICS

Well Health Technologies Corp. has completed the previously announced acquisition of all the issued and outstanding shares of 13 private target companies that own and operate an aggregate of 13 primary health care clinics in British Columbia. As of today, inclusive of the 13 acquired clinics, Well owns and operates 19 medical clinics with approximately 357 clinic and head office doctors and staff combined.

"It is our understanding that this acquisition creates the largest single chain of primary health care clinics in the province of British Columbia," said Hamed Shahbazi, founder and chief executive officer of Well. "Augmenting scale and investing in technology are foundational to our operating strategy so we are very pleased to have completed this acquisition. We are also excited to welcome Dr. Michael Frankel and his entire team of medical professionals, as well as non-medical personnel, to the Well family. I am certain that with our collective capabilities we will deliver on Well's mission of positively impacting health outcomes by leveraging technology to empower and support patients and doctors."

The total purchase price for the acquisition of the health care clinics was $6,352,044, allocated as follows: (i) a payment upon closing of the transaction of $4,959,202, consisting of $4,221,820 in cash and $737,382 issuable as 1,638,626 common shares of the company at a deemed price of 45 cents per share (the cash portion is subject to a 7.5-per-cent holdback to be released after three months); and (ii) a time-based earnout of $1,392,842 payable quarterly over three years, consisting of $1,161,473 cash and $231,369 issuable as common shares of the company priced in the context of the market over time and subject to a floor of 45 cents per share. The transaction was financed with cash on hand. All amounts are in Canadian dollars.

"Over the last few months, I have had a chance to work closely with the team at Well. I am very impressed with their corporate vision and insight on how technology can enhance primary health care in Canada," said Dr. Frankel. "As Well's chief medical officer, I am excited about working with our doctors to expand our clinical services and lead the way for the industry to create a more digital and convenient experience for our patients."

The transaction constitutes a fundamental acquisition in accordance with Policy 5.3 of the TSX Venture Exchange. All shares issued in the transaction are subject to a restricted period of four months and one day. There are no finders' fees payable in connection with the transaction.

About Well Health Technologies Corp.

Backed by legendary investor and business magnate Sir Li Ka-shing, Well owns and operates primary health care facilities in Canada. Well's overarching objective is to empower primary care doctors to provide the best and most advanced care possible leveraging the latest trends in digital health. Well physicians serve hundreds of thousands of patient visits per year through its network of clinics.

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