HEALWELL AI Inc. (“
HEALWELL” or the
“
Company”) (TSX: AIDX) (OTCQX: HWAIF), a data
science and AI company focused on preventative care, announces
that, further to customary review by the Ontario Securities
Commission (the "
OSC") of the Company's continuous
disclosure in connection with the Company’s short form prospectus
offering, OSC staff has requested that the Company file the
strategic alliance agreement dated October 1, 2023 (the
“
Strategic Alliance Agreement”) between the
Company and WELL Health Technologies Corp.
(“
WELL”) as a material contract of the Company. In
addition, the Company is pleased to announce that MCI Medical
Clinics Inc. (“
MCI Medical Clinics”) and WELL have
agreed to extend the maturity date of MCI Medical Clinics’ credit
facility until April 30, 2025.
Pursuant to the Strategic Alliance Agreement,
WELL may retain the Company, from time to time, to provide services
relating to medically oriented analytic services which may include
consulting, management, software development, training, education,
marketing and other relevant services to be described in one or
more statements of work. The Company and WELL may also enter into
one or more technology licensing agreements in respect of certain
healthcare technologies and services developed or acquired by the
Company from time to time. The Strategic Alliance Agreement is
effective as of October 1, 2023 and will continue until it is
terminated mutually by the parties or otherwise in accordance with
its terms.
In connection with the filing of the Strategic
Reliance Agreement, the Company is issuing this news release in
accordance with OSC Staff Notice 51-711 (Revised) Refilings and
Corrections of Errors (“SN 51-711”) and will be
placed on the public list of Refiling and Errors in accordance with
SN 51-711.
In addition, MCI Medical Clinics and WELL have
extended the maturity date of MCI Medical Clinics’ credit facility
from April 30, 2024 to April 30, 2025 pursuant to an amending
agreement (the “Amending Agreement”) entered into
between MCI Medical Clinics and WELL amending the amended and
restated loan agreement dated May 18, 2023 (the “Loan
Agreement”). The Loan Agreement was assigned to WELL on
July 19, 2023 pursuant to the terms of a debt resolution and
acknowledgement agreement dated July 19, 2023 whereby, among other
things, the Company and each of its subsidiaries, other than MCI
Medical Clinics, were released or otherwise discharged from all
obligations under the Loan Agreement. A copy of the Amending
Agreement has been filed under the Company’s SEDAR+ profile at
www.sedarplus.com.
About HEALWELL AI Inc.
HEALWELL AI is a healthcare technology company
focused on AI and data science for preventative care. Our mission
is to improve healthcare and save lives through early
identification and detection of disease. As a physician led
organization with a proven management team of experienced
executives, HEALWELL AI is executing a strategy centered around
developing and acquiring technology and clinical sciences
capabilities that complement the company’s roadmap. HEALWELL is
publicly traded on the Toronto Stock Exchange under the symbol
“AIDX”. For more information, visit www.HEALWELL.ai.
About WELL Health Technologies
Corp.
WELL’s mission is to tech-enable healthcare
providers. WELL’s comprehensive healthcare 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 31,000 healthcare providers
between the US and Canada and power the largest owned and operated
healthcare ecosystem in Canada with more than 148 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”. For more information, visit
www.well.company.
Cautionary Note Regarding
Forward-Looking Information
Certain statements in this press release
constitute “forward-looking information” and "forward-looking
statements" (collectively, "forward-looking statements") within the
meaning of applicable Canadian securities laws and are based on
assumptions, expectations, estimates and projections as of the date
of this press release. Forward-looking statements in this press
release include statements with respect to, among others, the
Company’s business strategy, plans and other expectations, beliefs,
goals, objectives, and information and statements about possible
future events, including any future rights or obligations of the
Company under the Strategic Alliance Agreement. Forward-looking
statements are often, but not always, identified by words or
phrases such as "expects", "is expected", "anticipates",
"believes", "plans", "projects", "estimates", "assumes", "intends",
"strategies", "targets", "goals", “mission”, "forecasts",
"objectives", "budgets", "schedules", "potential" or variations
thereof or stating that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved,
or the negative of any of these terms and similar expressions.
Forward-looking statements are necessarily based upon management’s
perceptions of historical trends, current conditions and expected
future developments, as well as a number of specific factors and
assumptions that, while considered reasonable by the Company as of
the date of such statements, are outside of the Company’s control
and are inherently subject to significant business, economic and
competitive uncertainties and contingencies which could result in
the forward-looking statements ultimately being entirely or
partially incorrect or untrue. Forward-looking statements contained
in this press release are based on various assumptions and factors,
including, but not limited to, that the risk factors noted below,
collectively, do not have a material impact on the Company’s
business, operations, revenues and/or results. By their nature,
forward-looking statements are subject to inherent risks and
uncertainties that may be general or specific and which give rise
to the possibility that expectations, forecasts, predictions,
projections or conclusions will not prove to be accurate, that
assumptions may not be correct, and that objectives, strategic
goals and priorities will not be achieved.
Known and unknown risk factors, many of which
are beyond the control of the Company, could cause the actual
results of the Company to differ materially from the results,
performance, achievements or developments expressed or implied by
such forward-looking statements. Such risk factors include but are
not limited to those factors which are discussed under the section
entitled “Risk Factors” in the Company’s most recent annual
information form which is available under the Company’s SEDAR+
profile at www.sedarplus.com. The risk factors are not intended to
represent a complete list of the factors that could affect the
Company and the reader is cautioned to consider these and other
factors, uncertainties and potential events carefully and not to
put undue reliance on forward-looking statements. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements are provided for the purpose of
providing information about management’s expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
or to explain any material difference between subsequent actual
events and such forward-looking statements, except to the extent
required by applicable law. All of the forward-looking statements
contained in this press release are qualified by these cautionary
statements.
For media enquiries please contact:
Scott Nirenberski
Chief Financial Officer
905-960-6717
ir@healwell.ai
HealWell AI (TSX:AIDX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
HealWell AI (TSX:AIDX)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024