Mr. Hamed Shahbazi reports

WELL HEALTH REPORTS RECORD PATIENT VISITS AND TOTAL CARE INTERACTIONS IN FY 2024

Well Health Technologies Corp. has released strong preliminary operational results for its patient services businesses for the full year ended Dec. 31, 2024. These results include record patient visits and total care interactions.

Hamed Shahbazi, chief executive officer of Well, commented: "Our Canadian clinics underpinned by our technology enabled care model continues to lead the way in driving strong organic growth for the company enterprise-wide. We are very proud of and grateful to the health-care providers and technologists working together to drive the best patient outcomes possible."

                           2024      2023        Y/Y growth  Organic growth

Canada patient visits      3,125,011 2,312,799   35%         32%          
U.S. patient visits        2,576,557 2,013,613   28%         28%          
Total visits               5,701,568 4,326,412   32%         30%          
                                                                        
Technology interactions(1) 2,660,911 1,881,114   41%         41%          
Billed provider hours(2)     354,402   164,719  115%        115%         
Total interactions         8,716,881 6,372,245   37%         34%          
 

Well Canada clinics annual growth breakdown
 
                 Y/Y
  
Same clinic      +26%
Absorption        +6% 
Total organic    +32%
Inorganic growth  +3% 
Total growth     +35%

Footnotes

(1) Technology interactions means the total number of bookings facilitated by certain technology platforms including OceanMD, Insig and Adracare.

(2) Billed provider hours means the hours that providers bill under RADAR Healthcare Providers which is owned and operated by Well's CRH medical subsidiary.

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 ensure 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 41,000 health care providers between the United States and Canada and power the largest owned and operated health care ecosystem in Canada with more than 200 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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