WELL Health Technologies

Last updated
WELL Health Technologies
Company type public company
TSX:  WELL [1] [2]
Industry Healthcare
Founded2018
FoundersHamed Shahbazi
Headquarters
Vancouver, British Columbia, Canada
Area served
 North America
Key people
Hamed Shahbazi (Chairman and CEO), Eva Fong (CFO), Chris Ericksen (Vice President) [3]
Services Primary healthcare, EMR, cybersecurity, patient-to-physician teleconferencing, medical appointments
Revenue$919 million (2024) [4]
Number of employees
2400+
Website www.well.company

WELL Health Technologies is a digital health technology company based in Canada and serving outpatient health clinics. The company owns and operates primary healthcare facilities in Canada and the United States, and provides (SaaS) EMR services to clinics and doctors in Canada. Well Health Technologies is publicly traded on the Toronto Stock Exchange under the symbol WELL.TO. [5]

Contents

History

WELL Health Technologies company was established in February 2018 [1] and first went public in January 2020 on the Toronto Stock Exchange. [6]

WELL Health Technologies experienced a rapid growth during the COVID-19 Pandemic. [7] [8] Its shares rose from $1.80 in January 2020 to the peak of $9.20 per share in February 2021, returning to the $3.00 range by 2023. [1] [4] [9]

In April 2021, the company was subject to a "short-seller attack" based on claims made by an anonymous author. Two weeks later, the same publication that published the report, issued a rebuttal of the article. [10]

In 2021, WELL Health Technologies acquired the US-based CRH Medical Corp, [11] [4] [12] ExecHealth, [13] Intrahealth Systems, [14] and MyHealth. [15]

Description

WELL Health Technologies has its main offices based out of Vancouver, British Columbia, Canada. [1] The company's founder and CEO is Hamed Shahbazi. [7] The company's main activity is telemedicine, such as teleconferencing, clinical database management, electronic medical records (EMR), cybersecurity, billing, digital apps, and more. [1] [5] WELL Health Technologies mainly operates in Canada and United States.

See also

References

  1. 1 2 3 4 5 "WELL Health Technologies Corp". MarketWatch. 9 August 2023.
  2. ↑ "WELL Health Technologies Corp (WLYYF)". NASDAQ.
  3. ↑ "The Company's Team". Official Website of the Well Health Technologies. Archived from the original on 2021-07-29. Retrieved 2021-07-29.
  4. 1 2 3 "WELL Health Technologies Stock Making Waves". Benzinga. 18 May 2021.
  5. 1 2 "International WELL Health Technologies Corp. WELL.TO". Reuters.
  6. ↑ "WELL Health Technologies Corp. WELL (Canada: Toronto)". Wall Street Journal Markets.
  7. 1 2 "Digital Doctors: How WELL Health Technologies is Disrupting the World of Telehealth facebook". Tech Times. 2 June 2021.
  8. ↑ "B.C. technology sector gets COVID boost". Business in Vancouver.
  9. ↑ "WELL Health Posts 150% Revenue Growth In 1Q; Shares Drop 4%". NASDAQ.
  10. ↑ "WELL HEALTH TECHNOLOGIES BRUSHES OFF SHORTS". ValueWalk. 6 May 2021.
  11. ↑ "How WELL Health Technologies is Building the Medical Platform of the 21st Century". Science Times. 26 May 2021.
  12. ↑ "How WELL Health Technologies (TSX: WELL) Is Shaping The Future Of Healthcare". Seeking Alpha. 22 May 2021.
  13. ↑ "WELL Health Closes ExecHealth Acquisition". NASDAQ - Stocks.
  14. ↑ "Canadian provider WELL Health Technologies snaps up EHR-focused Intrahealth Systems". MobileHealthNews. 5 April 2021.
  15. ↑ "WELL Health Acquires MyHealth To Become Largest Outpatient Medical Clinic Provider". TechCouver. 8 June 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.