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WELL Health to Acquire Major Stake in HEALWELL AI Amid Orion Health Acquisition

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WELL Health to Acquire Major Stake in HEALWELL AI Amid Orion Health Acquisition

The latest update is out from MCI Onehealth Technologies, Inc. Class A ( (TSE:AIDX) ).

HEALWELL AI Inc. announced that WELL Health Technologies Corp. intends to exercise its call option to acquire a significant portion of HEALWELL’s shares, which will coincide with HEALWELL’s acquisition of Orion Health Holdings Limited. This move will give WELL substantial economic interest and voting rights in HEALWELL, allowing it to nominate a majority of the company’s board of directors, thereby strengthening its influence and control over HEALWELL’s strategic direction.

More about MCI Onehealth Technologies, Inc. Class A

HEALWELL AI Inc. is a healthcare artificial intelligence company focused on preventative care. The company aims to improve healthcare and save lives through early identification and detection of diseases using proprietary technology. HEALWELL is developing and commercializing advanced clinical decision support systems to help healthcare providers detect rare and chronic diseases, improve practice efficiency, and enhance patient health outcomes. HEALWELL is publicly traded on the Toronto Stock Exchange under the symbol ‘AIDX’ and on the OTC Exchange under the symbol ‘HWAIF’.

YTD Price Performance: -27.05%

Average Trading Volume: 424,599

Technical Sentiment Signal: Hold

Current Market Cap: C$303M

Find detailed analytics on AIDX stock on TipRanks’ Stock Analysis page.

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