12:48:17 EST Sat 07 Feb 2026
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Well Health Technologies Corp
Symbol WELL
Shares Issued 253,139,401
Close 2025-06-24 C$ 3.93
Market Cap C$ 994,837,846
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Well increases capacity by 45,000 patients at clinics

2025-06-24 17:16 ET - News Release

Mr. Hamed Shahbazi reports

WELL HEALTH ANNOUNCES AVAILABILITY FOR 45,000 NEW PRIMARY CARE PATIENTS ACROSS 3 PROVINCES ENABLED BY INVESTMENTS IN PHYSICIAN RECRUITMENT AND DIGITAL TRANSFORMATION

Well Health Technologies Corp. has expanded primary care capacity across its national clinic network. Well clinics are accepting new patients at scale and have immediate capacity for more than 45,000 new patients across three provinces. These openings reflect the pace of physician on-boarding and the company's pro-active approach to panel development.

Province   Current openings

Ontario              13,000+         
Alberta             ~21,000         
Manitoba             11,000+         
Total                45,000+         

These figures are expected to grow as additional physicians are on-boarded, and new panels are activated in the coming months. This expanded access is part of Well's broader effort to address Canada's growing access-to-care crisis by combining physician recruitment and advanced technology to deliver timely, high-quality care at scale. All patients would need to be eligible is to present their valid provincial health card.

Dr. Michael Frankel, chief medical officer of Well, commented: "As a Canadian owned and operated company which owns and operates the largest network of outpatient medical clinics in Canada, we are very proud of this announcement as it is a clear demonstration that our team's hard work is helping improve access to care for Canadians. All this is made possible because of our investments and advancements, which are helping providers with the tools and support they need to be successful, as well as investments we have made in recruiting and retaining physicians to ensure they are attracted to and stay in Canada. We are keenly focused on helping our providers achieve operational excellence while maintaining strict clinical autonomy as is the case in all Well clinics. We are building a stronger foundation for long-term system capacity and helping our providers improve patient outcomes in the process."

Across Canada, millions of people continue to face barriers in accessing primary care. More than six million Canadians currently lack a regular family doctor, and, in some regions, wait times to access a family doctor can range from several weeks to several months. The problem is systemic and multifactorial: a growing number of physicians are retiring or reducing hours, while too few new graduates are entering family medicine. At the same time, doctors are spending increasing amounts of their workday on administrative tasks rather than patient care. Some estimates suggest that up to 30 to 40 per cent of clinicians' time is spent on documentation, managing referrals and other non-clinical work illustrating the inefficiencies that exist in traditional practices.

Well is taking a direct and measurable approach to solving this crisis, combining IMG recruitment with industry-leading digital health solutions to expand and amplify care capacity. These efforts are already resulting in new patient panels being created across Well's national clinic network. The panels are in varying stages of development, with some already built, while others are actively ramping up as new physicians join the network.

Jeremy Mickolwin, vice-president of clinic operations at Well, commented: "At Well, we are implementing sophisticated digital workflows that are highly effective in real clinical settings and that drastically reduce the time providers spend on administrative work. Our team brings years of hands-on experience and understands the complexity of change management in health care. Combining our experience with the operational scale required to lead clinic transformation in the digital age allows us to deliver results that matter. Physicians in Well clinics are spending more time with patients and less time on paperwork, and that is exactly the kind of progress our health care system needs. Well is proud to be able to offer family doctors to thousands of Canadians who are currently without access to longitudinal care. Ensuring a patient has a family doctor isn't a luxury. It's a foundation of equitable, effective health care."

Enabling better care through clinic transformation and technology

Inside its clinics, Well has implemented a powerful suite of tools powered by its subsidiary, Wellstar Technologies Corp., that reduce physician burnout, increase efficiency and improve documentation quality. Nexus AI, Wellstar's proprietary ambient scribe, safely and compliantly listens to patient visits in real time and automatically generates accurate, structured medical notes. Recent studies indicate that physicians using artificial-intelligence-enabled ambient scribe tools save as much as two hours per day on charting and postvisit documentation, allowing them to focus more on care and reduce their end-of-day workload. Nexus AI is a prequalified vendor for the Canada Health Infoway AI scribe program.

In addition, Well Clinics is leveraging patient engagement tools from OceanMD, a Wellstar company, including e-forms, on-line booking and automated triage to power its national patient registration system. OceanMD operates one of Canada's most advanced referral and patient engagement platforms, processing over 140,000 referrals per month. OceanMD helps automate intake, reduces referral backlogs, and enables secure communication between primary care providers, specialists and patients through comprehensive digital tools, including on-line appointment booking, streamlined patient consent management and secure messaging capabilities. These patient engagement features are driving significant clinic transformation and digital enhancements, creating benefits for both providers and patients through reduced administrative burden and improved convenience.

By co-ordinating care more effectively across various settings and providing patients with self-service tools for booking, consent and communication, OceanMD is enhancing throughput and alleviating strain on the system.

Well's approach enables physicians to thrive in primary care settings and deliver high-quality, continuous care. This model has also become a key driver of recruitment success, particularly among internationally trained physicians seeking modern, digitally supported practices.

Bolstering the front lines through IMG recruitment

To address Canada's growing shortage of family doctors, Well has made the recruitment and on-boarding of internationally trained physicians a strategic priority. This effort was significantly strengthened by the company's January, 2025, control investment in Physicians For You, one of Canada's largest and most established physician recruitment platforms. Physicians For You specializes in identifying, qualifying and placing internationally trained doctors who meet Canadian licensing standards, an essential capability as demand for primary care continues to outpace physician supply nationwide.

Through this acquisition, Well has added deep recruitment expertise, international reach and a purpose-built platform that serves as a central engine for its IMG hiring strategy. In the past six months alone, Well has placed 25 new IMGs across its clinic network, with a growing number of placements being sourced and supported through Physicians For You.

These physicians are entering team-based care environments equipped with robust digital infrastructure, enabling them to begin practising quickly and build full patient panels, some times in as little as 60 days. This IMG-led expansion has already unlocked thousands of new appointments in high-demand regions, including Toronto, Durham region, Ottawa, Calgary and Winnipeg. By investing in both the pipeline as well as the practice environment, Well is helping to close the access gap at its root and build a more sustainable foundation for primary care delivery in Canada.

Looking ahead, Well expects to on-board at least 20 additional internationally trained physicians through its IMG recruitment program in 2025. This continued growth, supported by Physicians For You, will extend Well's reach into high-demand regions and help ensure its clinics are equipped to meet patient needs as demand continues to rise.

About Well Health Technologies Corp.

Well's mission is to technology-enable health care providers. The company 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 42,000 health care providers between the United States and Canada, and power the largest owned and operated health care ecosystem in Canada with more than 210 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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