WELL
Vancouver, CA · Founded 2010 · 436 employees on LinkedIn · Public · 2 known investors
WELL Health Technologies provides healthcare technology solutions and services to support Canadian public healthcare systems and providers. The company offers innovative platforms designed to optimize care delivery and engage patients in managing their own health.
Also known as WELL Health · WELL Health Technologies · WELL Health Technologies Corp
Founders & leadership
WELL was founded in 2010 by Hamed Shahbazi.
Investors · 2
Company profile
researched Aug 2026WELL Health Technologies Corp is a Canadian digital health technology company headquartered in Vancouver, British Columbia, serving outpatient health clinics across Canada and the United States. It owns and operates primary healthcare facilities and provides SaaS electronic medical record (EMR) services to clinics and physicians in Canada. Its activity spans telemedicine and teleconferencing between patients and physicians, clinical database management, EMR, cybersecurity, medical billing and digital applications.
The company organizes its business into two segments. Omni-Channel Patient Services comprises a network of primary, allied, diagnostic, specialized and preventative care clinics; in the United States WELL operates as a telehealth provider, brick-and-mortar clinic operator and provider of anesthesia services in 19 states. Virtual Services are delivered through a Practitioner Enablement Platform offering à la carte digital tools including telehealth, EMR, billing and revenue cycle management, ePharma, digital booking, e-Referral and e-prescribing. WELL also markets itself as working with Canadian federal, provincial and territorial public healthcare systems.
Business model
WELL combines ownership and operation of physical outpatient clinics with the sale of digital tools and services to independent healthcare practitioners. Providers can either join the WELL Health Clinic Network or subscribe individually to products in the Practitioner Enablement Platform for their own clinics. The company describes its model as omni-channel with highly predictable revenue, positive cashflow generation, and organic growth supplemented by acquisitions of physical and digital healthcare assets.
Traction
WELL states that more than 5,000 providers practise in its clinic network and that over 45,000 healthcare providers use its digital tools and services, with multidisciplinary clinics across more than 180 facilities. It reported revenue of $919 million in 2024 and more than 2,400 employees.
Latest developments
WELL is positioning its provider-centric technology platform and outpatient clinic network to address public sector healthcare challenges at the Canadian federal, provincial and territorial levels.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company describes itself as Canada's largest outpatient medical clinic owner-operator and a leading multi-disciplinary digital health service provider, and claims leading positions in owned and operated clinics, omni-channel patient visits, US anesthesia services for ambulatory surgical centre colonoscopies, billing and revenue cycle management, digital patient management, eReferral volume and EMR app ecosystem, with a top-three position as an EMR operator and telehealth provider.
Technology
WELL's technology includes electronic medical records software, telehealth and patient-to-physician teleconferencing, clinical database management, cybersecurity, medical billing and revenue cycle management, ePharma, digital booking, e-Referral and e-prescribing, delivered as integrated digital applications through a practitioner enablement platform.
Go-to-market
Healthcare providers and their teams — physicians, allied health practitioners and clinics in Canada and the United States — as well as the patients treated in WELL's owned clinics and, at the institutional level, Canadian federal, provincial and territorial public healthcare systems.
Geography
Headquartered in Vancouver, British Columbia, with operations across North America. Clinics are located in Canada, and in the United States WELL operates telehealth services, brick-and-mortar clinics and anesthesia services in 19 states.
History
The company was established in February 2018 and went public on the Toronto Stock Exchange in January 2020. It grew rapidly during the COVID-19 pandemic; its shares rose from $1.80 in January 2020 to a peak of $9.20 per share in February 2021, returning to the $3.00 range by 2023. In 2021 WELL acquired US-based CRH Medical Corp, ExecHealth, Intrahealth Systems and MyHealth.
Risks & controversies
In April 2021 the company was the subject of a short-seller analysis by Grizzly Research characterizing it as "a Toxic Roll-Up" and alleging various forms of malpractice, including aspects of the CRH Medical acquisition; other analysts disagreed with that assessment. The Wikipedia article on the company carries a notice that it may have been created or edited in return for undisclosed payments.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlapCompanies competing with WELL for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 6
launches, deals, and filingsWELL Health acquired MyHealth, becoming, per the report, the largest outpatient medical clinic provider.
An analysis published in April 2021 characterized WELL Health Technologies as a "Toxic Roll-Up" and alleged various forms of malpractice, including aspects of the CRH Medical acquisition; other analysts disagreed.
WELL Health Technologies acquired US-based CRH Medical Corp.
WELL Health Technologies first went public in January 2020, trading on the Toronto Stock Exchange under the symbol WELL.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- WELLwell.company · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does WELL do?
- Canadian publicly traded healthcare technology company operating outpatient clinics and digital tools for providers.
- Who founded WELL?
- WELL was founded by Hamed Shahbazi in 2010.
- Who are WELL's investors?
- WELL's investors include Core Venture Capital, Horizons Ventures.
- Where is WELL headquartered?
- WELL is headquartered in Vancouver, CA.