After merging with a B.C. numbered company, Wellstar plans to list on the TSX Venture Exchange, Well Health announced. It has a concurrent deal to raise $50 million through a private placement with TD Securities, RBC Capital Markets and Stifel, with plans to use the proceeds for acquisitions and other improvements. (The Logic)

Talking point: Vancouver-based Well Health, which runs numerous clinics and virtual-care services itself, is to remain Wellstar’s controlling shareholder. Well first talked about the spinout in 2024, when it created Wellstar as a provider of services for doctors and clinics, including electronic medical records, patient-facing apps and billing. At the time, Well’s technology services segment was pulling in $15.6 million in quarterly revenue; Wellstar revenue was up to $22 million in its most recent quarter, though it booked a net loss of $8 million in the same period. Well Health as a whole lost about $5.3 million on $368.3 million of quarterly revenue.