WELL Health Announces Strategic Investment in Circle Medical
WELL Health Technologies Corp. (TSX.V: 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 that it has entered into a subscription agreement with Circle Medical Inc. ("Circle Medical") to invest $200,000 USD in the Silicon Valley based digital health company's latest round of financing.
"We are pleased to become shareholders of Circle Medical a company that has been successful in developing technology applications that have contributed to a more digital and convenient patient experience," said Hamed Shahbazi, Chairman and CEO of WELL Health Technologies. "We look forward to considering various ways we can unlock value together as both companies evolve and augment capabilities."
Concurrent with the investment agreement, WELL and Circle Medical have signed a non-binding LOI to investigate opportunities to leverage Circle Medical's technology platform in the Canadian market. This collaborative agreement seeks to incorporate Circle Medical's mobile and Artificial Intelligence (AI) inspired patient and doctor facing digital suite of primary healthcare applications and technologies in conjunction with WELL's primary healthcare expertise through its network of clinics.
"We are excited to be partnering with Well Health Technologies in support of their aggressive plans to consolidate and modernize primary care practices in Canada," said George Favvas, CEO of Circle Medical, who is originally from Montreal. "We are confident that our technology platform will be a key enabler in achieving these objectives."