One of the most important publicly listed healthcare companies in Canada is now on pace to bring in a billion dollars a year.
What’s happening:
- WELL Health Technologies (TSX: WELL) has officially hit a $1B CAD annual run rate across all of their operations for the first time ever
By the numbers:
- WELL Health Technologies had total revenue of $251M CAD in their most recent quarter
- There was a total of 1.5M patients visits to clinics operated by WELL Health Technologies during their most recent quarter
Why it matters:
- WELL Health Technologies has become one of the singular most important healthcare companies in Canada and has had a rapid ascension to prominence, making a flurry of acquisitions and deals since initially going public
Going deeper:
- WELL Health Technologies is also a founding shareholder of HEALWELL AI (TSX: AIDX) and recently rolled out a new partnership in which WELL Health will make their clinical network available for new clinical trials being led by HEALWELL AI that are aiming to leverage artificial intelligence technology to help advance potential breakthrough research
The intrigue:
- HEALWELL AI previously made a notable strategic investment into Elon Musk’s xAI to gain access to their closed Developer Program as well as their large language models
