Mr. Hamed Shahbazi reports

WELL HEALTH PROVIDES CORPORATE UPDATE ON CANADIAN CLINICS BUSINESS, REFLECTING IMPROVED GUIDANCE AND AN EXPANDED CREDIT FACILITY

Well Health Technologies Corp. has provided a corporate update highlighting continued growth and improved financial guidance for its Canadian clinics business, progress on its M&A (mergers and acquisitions) pipeline, the expansion of its Royal Bank of Canada-led credit facility, and disclosure on a material cost optimization and efficiency initiative.

Well continues to demonstrate strong momentum through continued organic and inorganic growth and is pleased to announce that it is ahead of internal expectations and has updated its guidance for its Canadian clinics segment, which includes both primary care and diagnostics divisions, to over $450-million in revenue for 2025, representing a 41-per-cent increase over total revenue of $319.1-million in 2024. Similarly, Canadian clinics is now forecasting adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of over $60-million in 2025, reflecting an increase of approximately 47 per cent over adjusted EBITDA of $40.7-million in 2024. Well expects its operating adjusted EBITDA margins to improve given the company is growing adjusted EBITDA at a faster rate than its revenues.

"Given that we are halfway through the year and tracking favourably to our plan for the year, we are very pleased to provide a progress update on our core Canadian clinics business," said Hamed Shahbazi, founder and chief executive officer of Well Health Technologies. "Canadian clinics is demonstrating the strength of its platform with continued strong organic growth and M&A execution throughout 2025 so far with 13 clinics acquired to date, representing $33-million in annual revenue. Most recently, we're pleased to announce two new strategic acquisitions completed just this past week. We are also pleased to report that we've recently amended our credit agreement to a $200-million senior secured facility led by RBC."

Dr. Michael Frankel, chief medical officer and president of Canadian clinics, commented: "I'm very proud of the strong team that is executing on clinic transformation, digitization and integration at Well clinics. Our clinic transformation team is responsible for improving access to care and raising the sustainability of the Canadian health care ecosystem. In addition to significant improvements in the patient journey, our efforts to attract more physicians have allowed us to create more than 50,000 new patient openings across four provinces in what may be one of the most expansive opportunities to attach patients and expand care in the country."

Well expands British Columbia clinics platform with two strategic acquisitions

Well completed the acquisition of two clinics in British Columbia on July 1, 2025. These acquisitions are expected to contribute over $12-million in annual revenue and approximately $3-million in adjusted EBITDA, further expanding Well's leading network of outpatient health care clinics across Canada.

The two new additions include a personalized health clinic in Vancouver, B.C., which will boost the company's longevity and preventative health business as well as a large, well-established primary care and specialty clinic in Burnaby, B.C., offering primary care, pediatrics and specialty services including neurology and dermatology.

These acquisitions reflect Well's continued focus on expanding access to high-quality, patient-centred care, enhancing its operational scale in key markets and applying its proven clinic transformation playbook to drive improved efficiencies and margin expansion over time.

Well continues steady pipeline execution

Well continues to execute one of the largest and most active acquisition programs in the country. The company is making steady progress against a deep and growing pipeline of opportunities. As of today, Well has five targets under letters of intent (LOI), representing seven clinics and approximately $27-million in annual revenue and $3.5-million in adjusted EBITDA. The company's broader pipeline includes 27 targets comprising 124 clinics, representing a combined $370-million in annual revenue and $50-million in adjusted EBITDA.

This sustained momentum underscores Well's strategic advantage and disciplined approach to scaling in a fragmented market. By leveraging its operational platform and proven integration capabilities, Well is well positioned to continue expanding its national presence while remaining focused on creating long-term value through accretive transactions. The company's approach remains rooted in identifying high-quality clinics, supporting clinicians and delivering consistent, high-return performance across acquired assets while ensuring high-quality operational excellence and a focus on achieving the best patient outcomes possible.

Well and RBC expand and extend credit facility to 2027

In support of its continuing growth plans, Well is pleased to announce that its senior secured credit facility, led by Royal Bank of Canada (RBC) and supported by a syndicate of lenders, has been extended through 2027 with several favorable structural enhancements. Notably, the company has converted the accordion feature of the facility into a revolving credit line, increasing both flexibility and access to capital. The total size of the facility now stands at approximately $200-million, with more than $70-million of available capacity as of the date of this release. As of the end of Q2, it is expected that the leverage ratio in this facility was less than 2.5 times. This expanded facility reflects the confidence of Well's banking partners and provides a strong financial foundation to support the company's growth initiatives.

Well's cost optimization and efficiency initiative

Well's continued focus on digitization and modernization of its primary care clinics is resulting in a significant multimillion-dollar cost optimization initiative designed to improve efficiency and enhance operational excellence of its primary care clinics across Canada. The cost savings are currently being implemented and will be in place by the end of July, 2025.

About Well Health Technologies Corp.

Well's mission is to tech-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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