Q: Healwell is tremendously appreciating in share price. How does Well health tech. benefit from this. I don't know if they have an investment, part ownership or if its just a collaboration.
Thanks Steve
Thanks Steve
5i Research Answer:
It is both; in October WELL invested $4M in AIDX through a convertible, and at the time would have been the largest shareholder on an 'as converted' basis. The stock has more than doubled since then and WELL should benefit. AIDX has run with strong comments on growth but it has also been mentioning its 'AI' strategies a LOT, which has generated investor interest. Still, it has lots of cash, is growing fast, and momentum of course is very positive.