WELL Health Technologies: Record Patient Visits and Growth in Fiscal 2024
Vancouver, BC and Toronto, March 31, 2025 – WELL Health Technologies Corp. (WELL), a leading digital healthcare company, reported impressive operational results for its Patient Services businesses in the full year ended December 31, 2024. These results showcased significant growth in patient visits and Total Care Interactions.
Company-Wide Growth
WELL Health Technologies experienced a total of 5,715,000 patient visits in fiscal 2024, marking a year-over-year (YoY) growth of 32%. This growth was primarily fueled by organic growth, which accounted for 30% of the total growth.
Canada’s Patient Services Business Leads the Way
WELL Canada’s Patient Services business was the main driver of the overall growth, recording 3,125,000 patient visits in the same period. This represented a YoY growth of 35%, with organic growth contributing 32% to the total growth.
Organic Growth Components
The organic growth in WELL Canada’s Patient Services business was made up of two primary components:
- Same Clinic Sales Growth: A significant 26% of the growth came from increased sales at existing clinics.
- Absorption Growth: An additional 6% growth was attributed to the absorption of new patients from recently acquired clinics.
Impact on Individuals
These results indicate a strong demand for digital healthcare services, which can lead to increased accessibility and convenience for individuals seeking medical care. With more patients visiting WELL’s clinics, there may be shorter wait times, expanded hours, and a wider range of services available to the general public.
Impact on the World
The growth demonstrated by WELL Health Technologies in the digital healthcare sector could have significant implications for the global healthcare industry. By leveraging technology to provide more accessible and convenient care, WELL is contributing to a trend towards more efficient and effective healthcare systems, potentially reducing wait times and improving health outcomes for millions of people around the world.
Conclusion
WELL Health Technologies Corp.’s strong operational results for its Patient Services businesses during fiscal 2024 highlight the growing demand for digital healthcare services and the potential for increased accessibility and convenience for individuals seeking medical care. The company’s continued growth, driven by organic expansion in Canada, could have far-reaching implications for the global healthcare sector, leading to more efficient and effective healthcare systems and improved health outcomes for millions of people around the world.
