Mr. Nolan Reeds reports

MCI ONEHEALTH COMPLETES SALE OF OPERATIONS IN ALBERTA TO WELL HEALTH

MCI Onehealth Technologies Inc. has completed the sale of its operations in Alberta, including its five MCI The Doctor's Office medical clinics, to Well Health Technologies Corp.

The sale was implemented on a debt-free basis under a share purchase agreement dated May 18, 2023, between the company and Well. The total consideration paid by Well in connection with the transaction was $2-million, less customary closing and postclosing adjustments and holdbacks.

Please see the company's press release dated May 19, 2023, for further details of the transaction.

About MCI Onehealth Technologies Inc.

MCI is a health care technology company focused on empowering patients and doctors with advanced technologies to increase access, improve quality and reduce health care costs. As part of the health care community for over 30 years, MCI operates one of Canada's leading primary care networks with approximately 280 physicians and specialists, serves more than one million patients annually, and had nearly 300,000 telehealth visits last year, including on-line visits via the MCI Connect website. MCI additionally offers an expanding suite of occupational health service offerings that support a growing list of more than 650 corporate customers. Led by a proven management team of doctors and experienced executives, MCI remains focused on executing a strategy centred around acquiring technology and health services that complement the company's current road map.