WELL Health Technologies is plotting to spin out a subsidiary and list it publicly.
The Vancouver-based health-tech innovator, which trades on the TSX as WELL, is going public with spinout WELLSTAR, a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower providers and their patients.
“This transaction is a significant milestone in WELL’s strategy to unlock the value of our healthcare technology assets while retaining a meaningful ownership position in one of Canada’s leading digital health platforms,” commented chief executive officer Hamed Shahbazi.
To power the move onto the TSX-V, WELLSTAR is undertaking a brokered private placement which is expected to raise proceeds of up to $50 million.
Serving over 40% of providers across Canada, the B.C. company is on track to generate nearly $100M in revenue in 2026.
“WELLSTAR’s electronic medical records, AI-enabled clinical tools, and practice management solutions are the technology foundation powering a significant portion of our clinics across Canada,” says Shahbazi. “That clinical environment in turn strengthens WELLSTAR’s products, a symbiotic relationship that will endure as WELL remains a significant long-term shareholder.”
Even though the already public WELL will remain a major stakeholder, a standalone listing “will give WELLSTAR enhanced strategic flexibility, greater access to growth capital, and increased visibility with investors,” according to Shahbazi, “positioning it to create long-term value for both WELL and WELLSTAR shareholders.”
Amir Javidan, CEO of WELLSTAR, agrees, stating that the announcement “marks the beginning of an exciting new chapter for WELLSTAR as we prepare to become a publicly listed healthcare technology company.”
WELLSTAR expects to go live on the public market by the end of September.
“We are encouraged by the strong interest we’ve already received from institutional investors, which reflects confidence in our business, our leadership team, and our long-term vision,” Javidan remarked.
“Access to the public markets, together with the capital raised through this financing, will enhance our strategic flexibility and position us to accelerate product innovation, expand our AI capabilities, execute on our acquisition pipeline, and continue delivering solutions that empower healthcare providers and improve patient outcomes,” he said.
WELL owns and operates approximately 270 clinics in Canada, supporting more than five million annual patient visits.
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WELL to Go Public with Spinout WELLSTAR to ‘Enhance Strategic Flexibility’ was first posted on July 9, 2026 at 5:01 am.
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