Mr. Hamed Shahbazi reports

WELL HEALTH ANNOUNCES PRICING OF $150 MILLION SENIOR UNSECURED NOTES OFFERING

Well Health Technologies Corp. has priced a private placement offering of $150-million aggregate principal amount of senior unsecured notes due 2031, which bear interest at 6.875 per cent per annum. The notes represent Well's inaugural offering of senior unsecured notes and will be issued at par under a trust indenture.

The offering marks a significant step in strengthening Well's balance sheet and lengthening its debt maturity profile. Proceeds will be used to refinance the company's convertible debentures maturing in December, 2026, providing the company with a more durable capital structure to support its continued growth in Canada.

"This strongly supported financing reflects the strength and cash flow profile of our Canadian business and the confidence institutional investors have in Well's strategy," said Hamed Shahbazi, founder, chairman and chief executive officer of Well. "By terming out our near-term maturities into a longer-dated instrument, we are pro-actively strengthening our balance sheet, extending our runway and positioning Well to continue building the infrastructure for a healthier Canada."

The notes will be direct senior unsecured obligations of Well and will rank equally in right of payment with all other present and future senior unsecured indebtedness of the company. Closing of the offering is expected to occur on or about July 15, 2026, subject to the satisfaction of customary closing conditions.

Use of proceeds

Subject to completion of the offering, Well intends to use the net proceeds from the offering: (i) to fully repay its existing convertible debentures due 2026; and (ii) for general corporate purposes.

The offering is being led by BMO Capital Markets, in a syndicate that also includes RBC Capital Markets, Stifel, J.P. Morgan and TD Securities as joint bookrunners, Scotiabank as co-lead manager, and CIBC Capital Markets and ATB Cormark Capital Markets as co-managers.

The notes will be offered in each of the provinces of Canada on a private placement basis and will not be qualified for distribution to the public or registered under the securities laws of any province or territory of Canada. The notes will be offered only in the provinces of Canada pursuant to applicable exemptions from the prospectus and registration requirements thereunder. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to any U.S. persons.

About Well Health Technologies Corp.

Well Health Technologies is Canada's largest outpatient health care 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 (information technology) 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 (over-the-counter) exchange under the symbol WHTCF.

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