Mr. Hamed Shahbazi reports

WELL HEALTH ANNOUNCES RECORD PATIENT VISITS AND TOTAL CARE INTERACTIONS FOR Q3-2023 RESULTING IN RECORD QUARTERLY REVENUE

Well Health Technologies Corp. has achieved another record in patient visits and this achievement has driven record revenues for Q3 2023. Well will also announce its third quarter 2023 financial results on Nov. 14, 2023.

"We had an outstanding quarter of performance thanks to our talented and dedicated team of health care providers, technologists and operators. Despite the traditional seasonal dip in patient visits during the summer months of Q3, I am thrilled to report that we have delivered yet another successive record quarter of patient visits and total care interactions that will deliver our 19th consecutive quarter of record quarterly revenue when we announce earnings later this month," said Hamed Shahbazi, founder and chief executive officer of Well. "These strong results and our continued momentum overall are due to us delivering on our mission of tech-enabling care providers and supporting them so that they can focus on care delivery and not be as concerned about support services or technology implementation. We remain laser focused on helping care providers be as successful as possible. They continue to be the backbone of our health care ecosystem and continue to be the key to delivering superior patient outcomes."

Well's patient visits and total care interactions metrics are an important leading indicator to demonstrate the health of Well's operational and financial performance. With these robust care growth metrics, Well is expecting to report record revenue for Q3 2023. This financial performance is underpinned by record revenue achievements from both its Canadian and U.S. patient services businesses.

Well's Canadian patient services business, which includes primary care, specialty, allied care, executive health and diagnostic care, accounted for a total of 532,242 patient visits across Canada in Q3 2023. Well Health USA achieved 505,298 patient visits in Q3 2023. Well Health USA includes CRH Medical, Circle Medical and Wisp. Growth in U.S. patient visits was primarily driven by organic growth in Circle Medical and Wisp businesses, in addition to acquisitions by CRH Medical over the past year, notably CarePlus, which was acquired in July, 2023. As part of the CarePlus acquisition, Well acquired Radar Healthcare Providers, a leading professional medical recruitment firm in the United States providing staffing and locums tenens services. Radar billed a total of 81,079 provider hours in Q3 2023.

Well achieved a total of 1,576,701 total care interactions in Q3 2023, a year-over-year increase of approximately 27 per cent compared with Q3 2022 and representing approximately 6.3 million total care interactions on an annualized run-rate basis. This was primarily driven by strong organic growth across a number of Well's key business units, alongside material acquisitions such as CarePlus and Healwell AI Inc.'s (formerly MCI Onehealth Technologies Inc.) clinical assets in Alberta.

Third quarter 2023 financial results conference call

Well will release its third quarter 2023 financial results for the period ended Sept. 30, 2023, on Tuesday, Nov. 14, 2023. The company will hold a conference call and simultaneous webcast to discuss its results on the same day at 1 p.m. ET (10 a.m. PT). The call will be hosted by Mr. Shahbazi, chairman and chief executive officer, and Eva Fong, chief financial officer. Please dial in 10 minutes prior to the start of the call.

Date: Tuesday, Nov. 14, 2023

Time: 1 p.m. ET/10 a.m. PT

Local: Toronto: 416-764-8650 or Vancouver: 778-383-7413

North American toll-free: 1-888-664-6383

International: 1-416-764-8650

About Well Health Technologies Corp.

Well's mission is to tech-enable health care providers. It does this by developing the best technologies, services and support available, which ensures health care providers are empowered to positively impact patient outcomes. Well's comprehensive health care and digital platform includes extensive front- and back-office management software applications that help physicians run and secure their practices. Well's solutions enable more than 31,000 health care providers between the United States and Canada and power the largest owned and operated health care ecosystem in Canada with more than 148 clinics supporting primary care, specialized care and diagnostic services. In the United States Well's solutions are focused on specialized markets such as the gastrointestinal market, women's health, primary care and mental health.

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