HEALWELL AI Inc. ("
HEALWELL" or the
"
Company") (TSX: AIDX), a data science and AI
company focused on preventative care, is pleased to announce it
has made a strategic investment in doctorly GmbH
("
doctorly"), a medical practice management
software provider based in Germany. This partnership marks
HEALWELL’s entrance into the European healthcare technology
landscape.
doctorly is a digital health tech startup that
has built a cloud-based, fully regulated practice management
software to redefine how medical practices work. HEALWELL invested
as part of a syndicate of venture investors which included Simon
Capital, Geschwister and Oetker Beteiligungen. This financing round
is in addition to the March 2023 investment in doctorly by
HEALWELL’s largest shareholder, WELL Health Technologies Corp.
(TSX: WELL), and a syndicate of investors, including Horizons
Ventures, The Delta Force AG, Speedinvest, UNIQA Ventures, Calm
Storm and Seedcamp.
Dr. Alexander Dobranowski, CEO of HEALWELL
commented, “We are thrilled to announce our first-ever investment
in Europe and are proud to have found an innovative and
forward-thinking strategic partner with doctorly. This strategic
alliance will bolster our efforts to provide world-class healthcare
solutions on a global scale. By combining HEALWELL’s advanced AI
and data science capabilities with doctorly's expertise in medical
practice management, the partnership is poised to drive significant
advancements in patient care. The collaboration between HEALWELL
and doctorly signifies a pivotal milestone, as two innovative
companies join forces to advance the field of preventive care.”
Mr. Samir El-Alami, CEO and founder of doctorly,
shared his perspective on the benefits of this partnership stating,
“The integration of AI and early disease detection capabilities
from HEALWELL is expected to be a game-changer for our healthcare
provider network. It will empower physicians on our network with
the tools and insights needed to offer even higher quality care to
our patients.”
HEALWELL and doctorly have also entered into a
strategic alliance agreement, which provides HEALWELL with access
to doctorly’s rapidly expanding network of healthcare providers.
This strategic alliance is expected to enhance HEALWELL’s ability
to deploy cutting-edge technology for the early detection and risk
stratification of patients for various diseases, which would
ultimately lead to better patient outcomes for physicians using
doctorly’s medical practice management software.
Germany is a key jurisdiction of strategic
growth for HEALWELL as the country is the leading pharmaceutical
market in Europe, with a total revenue of over 56.9 billion euros
in 2021 and an annual revenue growth of 5.1%(1); surpassing
the French, Italian and Great Britain markets. In addition, Germany
is second in the world in healthcare consumption expenditures per
capita, trailing only the United States(2).
Dr. Alexander DobranowskiChief Executive
OfficerHEALWELL AI Inc.
Footnotes:
- www.eurodev.com
- www.healthsystemtracker.org
About HEALWELL AI
HEALWELL AI is a health care technology company
focused on AI and data science for preventive care. Its mission is
to improve health care 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 road map. HEALWELL is publicly traded on the Toronto
Stock Exchange under the symbol AIDX. To learn more about HEALWELL
AI, please visit: https://healwell.ai/.
About doctorly
Founded in 2018, doctorly is a European based
digital health-tech startup with a company mission of 'enabling
people to live healthier lives'. With an initial focus
on Europe’s largest market, Germany, doctorly has
built a brand new, fully regulated practice management software to
redefine how medical practices work. As an all-in-one solution,
doctorly provides a fully centralised, cloud powered, GDPR
compliant, medical practice operating system that dramatically
reduces the time and effort doctors and medical assistants spend on
day-to-day administrative tasks. doctorly is financially backed by
some of the world’s most renowned venture capital firms. To learn
more about doctorly please visit: www.doctorly.de.
Forward Looking Statements
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 other things, the
Company’s business strategy, plans and other expectations, beliefs,
goals, objectives, and information and statements about possible
future events, including the go-forward business of the Company,
the strategic alliance between the Company and WELL and the Company
and doctorly, and expected results of such strategic alliances.
Forward-looking statements are often, but not always, identified by
words or phrases such as "to become", "improve", "growth",
"ensuring", "continue", "anticipated", "expects", "proceed",
"potential", "future", "consider", "result in", "increase",
"deliver", "emerging", “is poised”, "plan", "position",
"opportunities", "expansion", "exercise", "ensure", "achieve",
"acquire", "complete", "satisfy", "entitle", "subject to" or
variations of such words and phrases or statements that certain
future conditions, actions, events or results "will", "may",
"could", "would", "should", "might" or "can" be taken, occur or be
achieved, or the negative of any of these terms . 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 HEALWELL as of the
date of such statements, are outside of HEALWELL'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, including,
but not limited to, the following: HEALWELL’s ability to maintain
its relationships and to successfully implement its strategic
alliance with doctorly; HEALWELL’s ability to expand into
additional European and global markets; trends in customer growth;
the stability of general economic and market conditions; currency
exchange rates and interest rates; HEALWELL's ability to comply
with applicable laws and regulations; HEALWELL's continued
compliance with third party intellectual property rights; and that
the risk factors noted below, collectively, do not have a material
impact on HEALWELL'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 HEALWELL, could cause the actual results
of HEALWELL 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 HEALWELL's most recent annual
information form dated March 31, 2023, which is available under
HEALWELL's SEDAR+ profile at www.sedarplus.ca. The risk
factors are not intended to represent a complete list of the
factors that could affect HEALWELL 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. HEALWELL 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 more information:
Pardeep S. Sangha
Investor Relations, HEALWELL AI Inc.
Phone: 604-572-6392
ir@healwell.ai
WELL Health Technologies (TSX:WELL)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
WELL Health Technologies (TSX:WELL)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024