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Uninsured medical services are activities not covered by provincial health insurance plans, leaving physicians responsible for setting and collecting appropriate fees and increasing their administrative burden. PatientSERV solves this challenge by automating billing workflows, helping physicians capture revenue they would otherwise miss.
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Acquisition of Lambert Médico Factures: Entry into Québec and National Billing Expansion
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On February 1, 2026, WELLSTAR completed the majority ownership acquisition of Lambert, a Québec-based medical billing provider and one of the province’s most established agencies, marking WELLSTAR’s formal entry into Canada’s second-largest provincial physician market. This acquisition extends WELLSTAR’s medical billing coverage to six provinces, reinforcing its position as the most comprehensive billing services partner for Canadian physicians. By integrating Lambert’s longstanding presence and deep expertise in Québec’s complex healthcare environment, WELLSTAR gains an immediate and strategic foothold in the province. Lambert’s offerings also broaden WELLSTAR’s service portfolio and create new opportunities for cross-selling bundled services and building deeper customer relationships across Québec and nationally.
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Footnotes:
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- EBITDA is a non-GAAP financial measure. Please refer to WELL’s most recent Management’s Discussion and Analysis (MD&A), available under the Company’s profile on SEDAR+ at www.sedarplus.ca, for further details including definitions and reconciliations to the nearest IFRS measure.
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WELL HEALTH TECHNOLOGIES CORP.
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Per: “Hamed Shahbazi”
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Hamed Shahbazi
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Chief Executive Officer, Chairman and Director
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About WELL Health Technologies Corp.
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WELL’s mission is to tech-enable healthcare providers. We do this by developing the best technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. WELL’s comprehensive healthcare and digital platforms include extensive front and back-office management software applications that help physicians run and secure their practices. WELL’s solutions enable more than 43,000 healthcare providers between the US and Canada and power the largest owned and operated healthcare ecosystem in Canada with more than 250 clinics supporting primary care, specialized care, and diagnostic services. In the United States, WELL’s solutions are focused on specialized markets such as the gastrointestinal market, women’s health, primary care, and behavioral health. WELL is publicly traded on the Toronto Stock Exchange under the symbol “WELL” and on the OTC Exchange under the symbol “WHTCF”. To learn more about WELL, please visit: www.well.company.About WELLSTAR WELLSTAR is a leading healthcare technology company dedicated to reshaping healthcare through digital enablement. We provide a comprehensive, holistic solution for healthcare providers across Canada, with over 40% of practitioners currently using our products and services. Our solutions serve primary care physicians, specialists, health systems, and public sector organizations through a comprehensive suite including billing and practice management systems, electronic medical records (EMRs), digital health applications, and digital health network solutions. As a majority-owned subsidiary of WELL Health, WELLSTAR continues to drive innovation and transformation in the Canadian healthcare landscape, reducing administrative burden and empowering providers to deliver better patient outcomes through advanced technology solutions. Learn more at www.wellstar.health.
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Forward-Looking Statements
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This news release may contain “Forward-Looking Information” within the meaning of applicable Canadian securities laws, including, without limitation: information regarding the Company’s goals, strategies and growth plans; expectations regarding continued revenue and annual run rates; and the expected benefits and synergies of completed acquisitions with the WELLSTAR network. Forward-Looking Information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-Looking Information generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-Looking Information involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the Forward-Looking Information and the Forward-Looking Information are not guarantees of future performance. WELL’s comments expressed or implied by such Forward-Looking Information are subject to a number of risks, uncertainties, and conditions, many of which are outside of WELL ‘s control, and undue reliance should not be placed on such information. Forward-Looking Information are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the primary healthcare sector in general; regulatory and legislative changes; that future results may vary from historical results; any inability to realize the expected benefits and synergies of acquisitions; that market competition may affect the business, results and financial condition of WELL and other risk factors identified in documents filed by WELL under its profile at www.sedarplus.ca, including its most recent Annual Information Form. Except as required by securities law, WELL does not assume any obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise.
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Neither the TSX nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
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Contacts
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For further information:
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Pardeep Sangha
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Vice President, Investor Relations
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604-628-7266
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14 hours ago
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English (US)