Healwell AI - M&A Summary and Business Overview

Healthcare ServicesCompany

Healwell AI M&A Summary

Healwell AI has acquired 4 companies, including 4 in the last 5 years.

Healwell AI’s largest acquisition to date was in 2024, when it acquired VeroSource Solutions for $25M. The Company’s most targeted sectors include software (50%) and healthcare services (25%).

Healwell AI Business Overview

Where is Healwell AI headquartered?

Healwell AI is headquartered in Toronto, Ontario.

What is Healwell AI’s revenue?

Healwell AI disclosed revenue of 43M CAD for 2024 and 45M CAD for 2023.

How many employees does Healwell AI have?

Healwell AI has 102 employees.

What sector is Healwell AI in?

Healwell AI is a healthcare services company.

When was Healwell AI founded?

Healwell AI was founded in 2012 .

M&A Summary

M&A Total Activity4
- M&A Buy Activity4
Total Sectors Invested 3
Total Countries Invested 1
M&A Buy/Sell Connections 1

Healwell AI

Healwell AI, Inc.

460 College St, Suite 301,
Toronto, Ontario M6G 1A1
Canada,
www.healwell.ai

Healwell AI is a health care technology company focused on AI and data science for preventive care. Healwell AI was founded in 2012 and is based in Toronto, Ontario.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.8/yr)	#	-	-	1	-	1	2	4
Buy (0.8/yr)	vol						$49M	$49M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								4

Most Recent M&A

Company	Date	Value	Type
VeroSource Solutions, Inc.	2024-06-11	25M USD	Add-on Acquisition
Fredericton, New Brunswick · www.verosource.com
Intrahealth Systems Ltd.	2024-01-25	24M USD	Divestiture
Vancouver, British Columbia · www.intrahealth.com
Pentavere Research Group, Inc.	2023-11-15	-	Stake Purchase
Toronto, Ontario · www.pentavere.ai
Terrace Wellness Group, Inc.	2021-05-06	-	Add-on Acquisition
Kanata, Ontario · www.terracewellness.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Software	2 (50%)	24M (50%)	-	-
Healthcare Services	1 (25%)	-	-	-
Information Technology	1 (25%)	25M (50%)	-	-
Total	4	$49M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
Canada		4	49M	-	-
	Ontario	2	-	-	-
	New Brunswick	1	25M	-	-
	British Columbia	1	24M	-	-
Total		4	$49M	-	-

Deal Values

buy	#	Total
< $100M	2	$49M
TOTAL		$49M
Largest	VeroSource Solutions, Inc. $25M (2024-06-11)

M&A Connections

		Deals
Acquired from
Strategic(s)	25%	1 (25%)

Company Summary

SECTOR

Healthcare Services

Revenue

43 5%	2024
45 350%	2023
10 80%	2022
48 24%	2021
39 16%	2020
46 3%	2019
45 5%	2018
43	2017
(millions of CAD)	Show More Show Less

Employees

102

Established

2012

Public

Toronto (TSX): AIDX

Former Name

MCI Onehealth Technologies, Inc.

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Healwell AI - M&A Summary and Business Overview

Healthcare ServicesCompany