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WELL Health Update: Reports 32% Increase in Patient Visits For 2024; Buys Majority Stake in HEALWELL
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WELL Health Update: Reports 32% Increase in Patient Visits For 2024; Buys Majority Stake in HEALWELL
Mar 31, 2025 6:52 AM

09:17 AM EDT, 03/31/2025 (MT Newswires) -- WELL Health Technologies ( WHTCF ) on Monday said total patient visits increased 32% to 5.7 million visits for the year ended Dec. 31, 2024. Total interactions, including online and billed provider hours, increased 37% to 8.7 million for the same period, the company said.

Earlier on Monday Well Health announced it would exercise its call option and acquire a majority stake in Healwell AI (AIDX.TO) concurrent with the closing of Healwell's proposed acquisition of New Zealand-based Orion Health Holdings on April 1.

Following the exercise of the call right, WELL expects to have a 37% economic interest and a 69% voting interest in Healwell on a non-diluted basis. Healwell is expected to contribute $160 million in revenue to WELL's consolidated financial statements over the next 12 months.

Separately, Well Health ( WHTCF ) over the weekend said it will be delaying the filing of its audited annual consolidated financial statements for the year ended Dec. 31, 2024.

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