HEALWELL AI Acquires Orion Health, Forming Global Leader in Healthcare Data Interoperability and AI

HEALWELL AI's Strategic Acquisition of Orion Health

HEALWELL AI Inc., a healthcare artificial intelligence company, has announced a transformative agreement to acquire 100% of Orion Health Holdings Limited for NZD 200 million (CAD 165 million) 1

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. This strategic move positions HEALWELL as a global leader in healthcare technology and artificial intelligence, with a focus on data interoperability and preventative care 2

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Expanding Global Reach and Technological Capabilities

Orion Health, a New Zealand-based company, brings significant assets to HEALWELL:

• Over 70 worldwide customers across 11 countries
• Software solutions serving a population of nearly 150 million lives
• Advanced platforms: Amadeus Digital Care Record (DCR) and Virtuoso Digital Front Door (DFD)
• Expected revenue of over CAD 100 million with EBITDA of over CAD 20 million in calendar 2025 3

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The integration of HEALWELL's AI-driven solutions with Orion Health's data infrastructure capabilities is expected to create a powerful synergy in the healthcare technology sector 4

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Financial Structure and Market Impact

The acquisition is structured as follows:

• Upfront payment of approximately CAD 144 million
• Minimum of CAD 86 million in cash
• Balance in HEALWELL stock
• Additional CAD 20 million as a 3-year performance earnout 1

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To partially fund the acquisition, HEALWELL has launched a bought deal financing:

• Initially announced at CAD 50 million
• Upsized to CAD 55 million due to strong demand
• Includes subscription receipts and convertible debentures 5

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Strategic Vision and Leadership Perspectives

Hamed Shahbazi, Chairman of HEALWELL, emphasized the game-changing nature of this acquisition, highlighting the potential for enhanced AI product distribution and improved financial performance 2

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. Ian McCrae, founder of Orion Health, expressed confidence in HEALWELL's ability to elevate Orion's solutions while maintaining a commitment to R&D in New Zealand 3

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Key Platforms and Market Presence

Orion Health's flagship platforms are set to become central to HEALWELL's growth strategy:

1. Amadeus (DCR): Consolidates patient data across care settings
2. Virtuoso (DFD): Offers integrated patient and population engagement

These platforms have secured long-term contracts in major markets, including:

• Canada: 20+ year partnership with Alberta Netcare, serving 70,000 clinical users
• Ontario: Supporting the province's digital-first health policy
• International presence in Australia, New Zealand, and the UK 4

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Future Outlook and Industry Impact

Dr. Alexander Dobranowski, CEO of HEALWELL, envisions the combined entity delivering unparalleled solutions that improve patient outcomes and empower healthcare providers worldwide 4

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. The integration of Amadeus and Virtuoso with HEALWELL's AI capabilities is expected to redefine possibilities in healthcare, potentially leading to data-driven life-saving interventions on an unprecedented scale 5

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