Brief: Well Health To Enter Into Strategic Alliance With MCI Onehealth

Healwell Al

20/07/2023 12:18

July 20 (Reuters) - MCI Onehealth Technologies Inc
 DRDR.TO :
    * WELL HEALTH TO ENTER INTO STRATEGIC ALLIANCE WITH MCI
ONEHEALTH,
ACQUIRE CLINICAL ASSETS, AND INVEST IN AI-FOCUSED DATA SCIENCE
BUSINESS TO HELP DOCTORS IMPROVE DISEASE DETECTION
    * WELL HEALTH TECHNOLOGIES CORP - WILL ALSO LEAD A NEW ROUND
OF
INVESTMENT INTO MCI
    * WELL HEALTH TECHNOLOGIES CORP - IS ENTERING INTO A
STRATEGIC
ALLIANCE WITH MCI THAT INCLUDES ACQUISITION OF CERTAIN CLINIC
ASSETS OF MCI
    * WELL HEALTH TECHNOLOGIES CORP - AS PART OF STRATEGIC
ALLIANCE,
WELL WILL JOIN MCI BOARD OF DIRECTORS AND SUBJECT TO
SATISFACTION OF CERTAIN CONDITIONS
    * WELL HEALTH TECHNOLOGIES - WILL ALSO HOLD AN OPTION TO
ACQUIRE
UP TO 30.8 MILLION CLASS A SHARES AND CLASS B SHARES IN MCI
ONEHEALTH OVER TIME
    * WELL HEALTH TECHNOLOGIES - WELL, MCI WILL ENTER SUBSEQUENT
STRATEGIC ALLIANCE AGREEMENT DESIGNED TO OFFER WELL CLINICS,
PROVIDERS TECHNOLOGY FROM MCI

Source text for Eikon:  ID:nCNWvm5KTa 
Further company coverage:  DRDR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))