Loading organizations...
§ Private Profile · Chapel Hill, NC, USA
Well is a technology company.
WELL Health Technologies Corp. operates a comprehensive digital health platform, integrating physical outpatient clinics with a robust Practitioner Enablement Platform. This dual approach empowers healthcare providers and enhances patient outcomes. The platform offers virtual services, including electronic medical records, billing, e-pharmacy, and digital booking tools, streamlining administrative tasks and optimizing care delivery.
Founded in February 2018 by entrepreneur Hamed Shahbazi, previously of TIO Networks, the company emerged from his insight into healthcare's prevalent under-digitization. Shahbazi envisioned an integrated platform to modernize care, supporting professionals with best-in-class digital tools and expanding patient access.
WELL Health serves a broad base of healthcare providers, both within its clinic network and through independent tool adoption, ultimately benefiting millions of patients. Its vision is to positively transform global healthcare by leveraging technology to empower providers, enhance patient experiences, and ensure wider access to quality care in a digitized medical landscape.
Well has raised $152.0M across 5 funding rounds.
Well has raised $152.0M in total across 5 funding rounds.
WELL Health Technologies Corp. (WELL) is a leading Canadian healthcare company that owns and operates clinics while providing digital technology platforms to empower healthcare providers with tools for telehealth, electronic medical records (EMR), billing, revenue cycle management, and more.[1][4][5] It serves primary, allied, diagnostic, specialized, and preventative care providers across Canada and the US, solving inefficiencies in healthcare delivery by digitizing administrative tasks, enhancing patient access via omni-channel services (physical clinics and virtual platforms), and enabling over 42,000 providers to focus on care rather than operations.[1][2] WELL's growth is driven by a scalable model combining clinic ownership (over 200 in Canada), robust organic expansion, disciplined acquisitions, and positive cash flows, with recent milestones like adding $40 million in quarterly revenue from HEALWELL AI in 2025 and WELLSTAR's $62M financing.[1][5]
WELL Health Technologies emerged as a purpose-driven player in a under-digitized healthcare sector, focusing on tech-enabling providers to improve global health outcomes.[1] Founded prior to its public prominence (exact year not specified in sources, but active with recent 2025 expansions), it has evolved under leadership like CEO Hamed Shahbazi, building a hybrid model of physical clinics and digital services.[1][5] Key pivots include scaling to the largest clinic operator in Canada, launching subsidiaries like HEALWELL AI and WELLSTAR Technologies (with Nexus AI in May 2025), and strategic acquisitions generating network effects and predictable revenue.[1][5] Early traction came from empowering providers with front- and back-office software, now supporting massive scale amid physician shortages, as seen in June 2025 announcements adding capacity for 45,000 new primary care patients.[5]
(Note: Sources distinguish WELL from similar-named entities like well.co, a US consumer platform; this profile centers on WELL Health as the primary Canadian tech healthcare leader matching the query.[1][3])
WELL rides the global trend of healthcare digitization amid provider shortages, administrative burdens, and demand for accessible care, amplified by AI integration and post-pandemic telehealth adoption.[1][4][5] Timing is ideal: 2025 expansions like WELLSTAR's AI platform and Infoway selection align with Canada's digital health push, while US growth taps a fragmented market.[1][2][5] Market forces favoring WELL include predictable clinic revenues, network effects from acquisitions, and ESG-aligned scalability, influencing the ecosystem by consolidating physical-digital assets and enabling 42,000+ providers—setting standards for tech-empowered care in North America.[1][5]
WELL's trajectory points to accelerated dominance through AI subsidiaries (HEALWELL, WELLSTAR), potential CYBERWELL spinout, and international expansion, targeting $40M+ quarterly revenue adds in 2025 with positive EBITDA.[1][5] Trends like AI-driven diagnostics, vendor innovation programs, and physician enablement will propel it, evolving its influence from clinic operator to global digital health powerhouse—ultimately modernizing care delivery as healthcare digitizes further.[1][4] This positions WELL as a resilient leader, transforming "under-imagined" systems into efficient, provider-focused ecosystems.[1]
Well has raised $152.0M across 5 funding rounds. Most recently, it raised $30.0M Other Equity in April 2025.
Well has raised $152.0M in total across 5 funding rounds.
Well's investors include Ed Woiteshek, 9Yards Capital, Kevin Hartz, Accel, Acrew Capital, Adverb Ventures, Afore Capital, AME Cloud Ventures, Audrey Capital, Battery Ventures, Benchstrength, Blitzscaling Ventures.