The Globe and Mail reports in its Tuesday, Nov. 25, edition that the Competition Bureau is investigating Well Health Technologies for potentially reducing competition in artificial intelligence transcription and medical-record software through its recent acquisitions.
The Globe's Chris Hannay writes that the Bureau filed an application in Federal Court on Nov. 12 for a court order to obtain information from Well Health, with a hearing set for Dec. 9.
Well Health acquired a controlling interest in Healwell AI on April 1, while Healwell simultaneously acquired Orion Health Holdings, a major medical record software provider in New Zealand.
Well Health told The Globe it was "working collaboratively" with the bureau to resolve the investigation.
Well Health owned 227 medical clinics as of Sept. 30.
Well Health, along with Telus Health and Loblaw-owned QHR Technologies, is one of Canada's three major providers of medical record software for doctors' offices.
It earned $1-billion in revenue for the first nine months of 2025, most of which came from patient services, and posted a net loss of $27.5-million. Well Health said it plans to take software subsidiary Wellstar public next year.
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