Mr. Hamed Shahbazi reports

WELL HEALTH CLOSES $150 MILLION, 5-YEAR SENIOR UNSECURED NOTES OFFERING

Well Health Technologies Corp. has closed its previously announced inaugural private placement offering of $150-million aggregate principal amount of 6.875 per cent senior unsecured notes due July 15, 2031. The notes were issued at par under a trust indenture and are direct senior unsecured obligations of Well and rank equally in right of payment with all other present and future senior unsecured indebtedness of the company.

"With this offering now closed, we have the capital in hand to retire our December, 2026, convertible debentures and move forward with a cleaner, more flexible balance sheet," said Hamed Shahbazi, chairman and chief executive officer of Well. "We are grateful for the support we received from the Canadian institutional fixed income community, and we look forward to putting this financing to work behind our growth strategy."

As previously announced, the company intends to use the net proceeds to fully repay its convertible debentures maturing December, 2026, and for general corporate purposes.

BMO Capital Markets acted as lead bookrunner for the offering, with RBC Capital Markets, Stifel, J.P. Morgan and TD Securities acting as joint bookrunners, Scotiabank acting as co-lead manager, and CIBC Capital Markets and ATB Cormark Capital Markets acting as co-managers.

About Well Health Technologies Corp.

Well Health Technologies is Canada's largest outpatient healthcare company and a leading provider of technology-enabled health care solutions. Well is building the infrastructure for a healthier Canada, where every patient gets better care, every provider is empowered by AI (artificial intelligence) and every piece of health data is protected. Well owns and operates approximately 270 clinics in Canada, supporting more than five million annual patient visits. Through its subsidiary Wellstar, Well provides electronic medical records, AI-powered clinical tools, patient engagement platforms and IT management services. Well provides cybersecurity services through its Cyberwell subsidiary. Well is publicly traded on the Toronto Stock Exchange under the symbol WELL and on the OTC exchange under the symbol WHTCF.

We seek Safe Harbor.