09:35:36 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Well Health Technologies Corp
Symbol WELL
Shares Issued 80,904,604
Close 2018-11-01 C$ 0.50
Market Cap C$ 40,452,302
Recent Sedar Documents

Well Health to invest $200,000 (U.S.) in Circle Medical

2018-11-02 08:29 ET - News Release

Mr. Hamed Shahbazi reports

WELL HEALTH ANNOUNCES STRATEGIC INVESTMENT IN CIRCLE MEDICAL

Well Health Technologies Corp. has entered into a subscription agreement with Circle Medical Inc. to invest $200,000 (U.S.) in the Silicon Valley-based digital health company's latest round of financing.

"We are pleased to become shareholders of Circle Medical, a company that has been successful in developing technology applications that have contributed to a more digital and convenient patient experience," said Hamed Shahbazi, chairman and chief executive officer of Well Health Technologies. "We look forward to considering various ways we can unlock value together as both companies evolve and augment capabilities."

Concurrent with the investment agreement, Well and Circle Medical have signed a non-binding LOI to investigate opportunities to leverage Circle Medical's technology platform in the Canadian market. This collaborative agreement seeks to incorporate Circle Medical's mobile and artificial intelligence (AI) inspired patient and doctor facing digital suite of primary health care applications and technologies in conjunction with Well's primary health care expertise through its network of clinics.

"We are excited to be partnering with Well Health Technologies in support of their aggressive plans to consolidate and modernize primary care practices in Canada," said George Favvas, chief executive officer of Circle Medical, who is originally from Montreal. "We are confident that our technology platform will be a key enabler in achieving these objectives."

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.

About Circle Medical Inc.

Circle Medical is a full-stack primary care provider currently serving patients in its central hub in San Francisco and across a network of pop-up clinics at 22 employer sites in California. The practice is in network with most United States-based insurance carriers.

The practice runs on top of the Circle Medical technology platform, which uses technology and artificial intelligence to scale a better patient experience, improve outcomes and maintain a lower cost than traditional primary care models.

© 2024 Canjex Publishing Ltd. All rights reserved.