Breaking News: HEALWELL and Orion Health Join Forces to Revolutionize Healthcare Data Interoperability and Artificial Intelligence – $50 Million Bought Deal Financing Launched!
TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — HEALWELL AI Inc.
HEALWELL AI Inc. (“HEALWELL” or the “Company”) (TSX: AIDX, OTCQX: HWAIF), a healthcare artificial intelligence company focused on preventative care, is pleased to announce that it has entered into an agreement to acquire 100% of the shares of Auckland, New Zealand based Orion Health Holdings Limited, a subscription license and services revenue business serving marquee public sector clients globally with data interoperability and healthcare navigation products and services after the concurrent divestiture of Orion Health’s divisions that are non-strategic to HEALWELL, for total consideration of $200m NZD or $165m CAD (the “Transaction”). The acquisition of Orion Health and concurrent divestment of non-strategic divisions will represent a transformative milestone in HEALWELL’s journey to become a global leader in healthcare technology and artificial intelligence. Orion Health is expected to generate revenue of more than $100m CAD with EBITDA2 of over $20m CAD in calendar 2025.
In a move that is set to shake up the healthcare technology industry, HEALWELL AI Inc. has announced its acquisition of Orion Health Holdings Limited, a leading provider of data interoperability and healthcare navigation products and services. The agreement, valued at $200m NZD or $165m CAD, marks a significant step towards HEALWELL’s goal of becoming a prominent player in the healthcare AI sector.
By acquiring Orion Health, HEALWELL gains access to a wealth of resources and expertise in data interoperability, allowing the company to enhance its offerings in preventative care. The divestment of non-strategic divisions will streamline HEALWELL’s operations and focus on core areas of growth, positioning the company for success in the global market.
With Orion Health projected to generate substantial revenue and EBITDA in the coming year, the acquisition is expected to drive significant growth for HEALWELL and solidify its position as a leader in healthcare technology and artificial intelligence.
Impact on Individuals:
The partnership between HEALWELL and Orion Health is likely to result in more efficient and effective healthcare services for individuals. With improved data interoperability and advanced AI technology, patients can expect personalized care and better outcomes. This collaboration has the potential to revolutionize the way healthcare is delivered, ultimately benefiting individuals by improving access to quality care and promoting overall wellness.
Impact on the World:
The merging of HEALWELL and Orion Health has the potential to transform the healthcare industry on a global scale. By combining their expertise in healthcare technology and data interoperability, the two companies can drive innovation and set new standards for healthcare systems worldwide. This partnership is poised to revolutionize the way healthcare data is managed and utilized, leading to advancements in medical treatment, research, and overall healthcare delivery.
Conclusion:
The acquisition of Orion Health by HEALWELL represents a significant milestone in the advancement of healthcare technology and artificial intelligence. With a focus on data interoperability and preventative care, this partnership has the potential to revolutionize the healthcare industry and improve outcomes for individuals around the world. The $50 million financing deal launched as part of this acquisition sets the stage for HEALWELL to expand its reach and solidify its position as a global leader in healthcare innovation.
