Mr. Hamed Shahbazi reports

WELL HEALTH REPORTS RECORD PATIENT VISITS AND TOTAL CARE INTERACTIONS IN Q1 2025 AND PROVIDES DATE FOR EARNINGS EVENT

Well Health Technologies Corp. will release its fiscal first quarter 2025 financial results for the period March 31, 2025, on Wednesday, May 14, 2025, and it has recorded strong preliminary operational results for its patient services businesses for Q1 2025. These results include record patient visits and total care interactions.

Hamed Shahbazi, founder and chief executive officer of Well, commented: "We had excellent growth in our patient visits this past quarter underpinned by our Canadian clinics ecosystem. Canadian clinics continued their rapid growth with 30-per-cent YoY growth, which included 12-per-cent organic growth driven by our clinic absorption program. Our core fundamentals continue to be strong as we execute on both organic and inorganic growth consistently. We are now approaching one million patient visits per quarter just in Canada, which we believe to be an important milestone. Our technology-enabled care delivery model continues to benefit care providers who are seeing improved efficiency, reduced administrative burden and improved patient outcomes. We are very proud of and grateful to the health care providers and technologists working together to drive the best patient outcomes possible."

Circle Medical deferred revenue impact in 2025

In connection with the previously disclosed requirement for the company's subsidiary Circle Medical to defer the recognition of revenue under international financial reporting standards, the net impact to Well's Q1 2025 revenue and adjusted earnings before interest, taxes, depreciation and amortization is expected to be ($6.5-million). As at March 31, 2025, the company expects to record approximately $58.4-million in deferred revenue on its consolidated balance sheet, related to patient services that have been rendered and for which payment has already been billed and collected.

Q1 2025 earnings announcement

The company will release its Q1 2025 earnings for the period March 31, 2025, on Wednesday, May 14, 2025, and 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 Hamed Shahbazi, chairman and chief executive officer, and Eva Fong, chief financial officer. Please dial in 10 minutes prior to the start of the call.

Conference call participant details

Date:  Wednesday, May 14, 2025

Time:  1 p.m. ET/10 a.m. PT

International toll:  1-289-514-5100

North American toll-free:  1-800-717-1738

To attend the webcast, register or visit the Well website.

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 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. Well is publicly traded on the Toronto Stock Exchange under the symbol WELL and on the OTC exchange under the symbol WHTCF.

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