07:08 AM EDT, 08/13/2025 (MT Newswires) -- Healwell AI (AIDX.TO) on Wednesday said it swung to a second-quarter loss. The company also announced its intent to focus on AI and data science as it seeks alternatives for its clinical research and patient services divisions.

Healwell reported a net loss of $4.1 million, compared with a net income of $2.6 million in the prior-year quarter. The company did not provide per share amounts.

Quarterly revenue surged 645% higher to $40.5 million. The increase was boosted by the acquisition of New Zealand-based Orion Health. Analysts polled by FactSet had forecast $39 million.

Healwell is seeking strategic alternatives for its clinical research and patient services business units and has signed a number of letters of intent. Its goal is to become a pure-play digital SaaS and services company focused on enterprise grade data science and AI offerings to health systems globally.