- WELL Health has formed "WELL Health Allied Care Inc." (or
"WELL Allied"), a new subsidiary primarily focused on
operating, investing in and/or unlocking opportunities associated
with allied health offerings such as physiotherapy, rehabilitation,
occupational therapy, chiropractic, dietary, mental health
counselling and sleep related services.
- WELL Allied will be focused on: (i) empowering allied health
professionals with digital resources such as WELL's Electronic
Medical Record (EMR) and telehealth capabilities in order to
advance their practices and allow them to better support patients;
and (ii) activating a greater degree of multidisciplinary and team
based longitudinal care in WELL's own portfolio of owned and
operated medical Clinics such that WELL patients can receive a
greater degree of integrated patient centric care.
- WELL Allied is already reviewing a strong pipeline of allied
health related business opportunities. The new operating unit
will be initially overseen by WELL's Chief Medical Officer Dr.
Michael Frankel and supported by
WELL's professionally managed shared services teams.
VANCOUVER, BC, Sept. 28, 2020 /CNW/ - WELL Health
Technologies Corp. (TSX: WELL) (the "Company" or
"WELL"), a company focused on consolidating and modernizing
clinical and digital assets within the primary healthcare sector,
is pleased to announce the formation of its new business unit
called WELL Health Allied Care Inc. ("WELL Allied"), which
will be a consolidation point for a number of key operating
activities and investments related to specialized care in
identifying, evaluating, preventing and treating a range of
conditions and illnesses including, but not limited to,
physiotherapy, rehabilitation, dietary, chiropractic, mental health
counselling and sleep related services. WELL Allied will
include health practitioners working in a collaborative environment
to support primary care physicians in a multi-disciplinary,
team-based care support model.
"The overarching goal of WELL Allied is to empower allied health
professionals with leading edge digital tools that allow them to
advance their businesses and provide patients with the very best
integrated care possible," said Hamed
Shahbazi, Chairman and CEO of WELL. "We view allied
health as an exciting opportunity to not only grow as a company but
also improve continuity of care and positively impact health
outcomes. WELL Allied is seeking to establish
investments and commercial agreements with leading allied care
providers from across Canada."
WELL Allied is WELL's fifth business unit, augmenting the
Company's current business units: WELL Health Clinic Network, WELL
EMR Group, WELL Digital Health Apps and Cycura. WELL's
objective is to be a disciplined and strategic allocator of capital
to themes and opportunities that benefit from the digitization of
healthcare. As such, WELL Allied will include WELL's prior
majority ownership stake in SleepWorks Medical Inc.
("SleepWorks"), and any future allied health related
acquisitions and services. WELL has already developed a
pipeline of compelling opportunities for the WELL Allied business
unit that are benefiting from the thriving growth in the allied
health sector.
WELL Allied will be initially overseen by WELL's Chief Medical
Officer Dr. Michael Frankel and
supported by WELL's professionally managed shared services
teams. WELL Allied will assist allied health professionals
with digitization of their practices through WELL's EMR and digital
health applications, including the Company's VirtualClinic+
telehealth platform.
WELL's Chief Medical Officer, Dr. Michael Frankel commented, "I am excited to be
overseeing this new business unit within WELL. Our SleepWorks
and Spring Medical Centre acquisitions have been very successful in
demonstrating how well allied health professionals can work in
partnership with primary care providers. SleepWorks has
proven to be resilient though the pandemic and is currently
experiencing strong growth on a YoY basis. Meanwhile Spring
Medical continues to be a model clinic in terms of delivery of
integrative health services provided from one location."
WELL HEALTH TECHNOLOGIES CORP.
Per: "Hamed Shahbazi"
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
About WELL
WELL is an omni-channel digital health company that operates
Primary Healthcare Facilities, is the third largest digital
Electronic Medical Records (EMR) supplier in Canada and is a national provider of
telehealth services. WELL owns and operates 20 medical
clinics, provides digital EMR software and services to over 2,000
medical clinics across Canada and
is one of the country's largest providers of telehealth
services. WELL's overarching objective is to empower
doctors to provide the best and most advanced care possible while
leveraging the latest trends in digital health. WELL is
publicly traded on the Toronto Stock Exchange under the symbol
"WELL". WELL was recognized as a TSX Venture 50 Company
three years in a row in 2018, 2019 and 2020. To access
the Company's telehealth service,
visit: virtualclinics.ca and for corporate information,
visit: www.WELL.company.
Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of applicable Canadian securities laws,
including, without limitation, statements regarding: the intention
to focus primarily on operating, investing in and/or unlocking
opportunities associated with allied health offerings such as
physiotherapy, rehabilitation, occupational therapy, chiropractic,
dietary, mental health and sleep related services; the goal of WELL
Allied to empower allied health professionals with digital
resources such as WELL's EMR and telehealth capabilities in order
to advance their practices and allow them to better support
patients; activating a greater degree of multidisciplinary and
team-based longitudinal care in WELL's own portfolio of owned and
operated medical Clinics such that WELL patients can receive a
greater degree of integrated patient centric care; and that WELL
Allied is seeking to establish investments to commercialize
agreements with leading allied care providers.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management, are inherently subject to significant business,
economic and competitive uncertainties, and contingencies.
These statements generally can be identified by the use of
forward-looking words such as "may", "should", "will", "could",
"intend", "estimate", "plan", "anticipate", "expect", "believe" or
"continue", or the negative thereof or similar variations.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause future results,
performance or achievements to be materially different from the
estimated future results, performance or achievements expressed or
implied by those forward-looking statements and the forward-looking
statements are not guarantees of future performance. The
Company's statements expressed or implied by these forward-looking
statements are subject to a number of risks, uncertainties, and
conditions, many of which are outside of the Company's control, and
undue reliance should not be placed on such statements.
Forward-looking statements are qualified in their entirety by the
inherent risks and uncertainties, including: that the Company's
assumptions in making forward-looking statements may prove to be
incorrect; adverse market conditions; risks inherent in the primary
healthcare sector in general; COVID-19 related risks; that future
results may vary from historical results; and that market
competition may affect the business, results and financial
condition of the Company. Except as required by securities
law, the Company does not assume any obligation to update or revise
any forward-looking statements, whether as a result of new
information, events or otherwise.
The Toronto Stock Exchange has neither approved nor
disapproved the information contained herein.
SOURCE WELL Health Technologies Corp.