Calgary’s Mawer and Toronto’s EdgePoint and Picton led the investment round with $59 million between them; management at Wellstar and its parent put in $3 million, the company said. In exchange, they will get dividend-bearing subordinate voting shares when Wellstar goes public. Well Health now plans to list Wellstar’s shares publicly in 2026 while keeping majority ownership and control. (The Logic)
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Calgary’s Mawer and Toronto’s EdgePoint and Picton led the investment round with $59 million between them; management at Wellstar and its parent put in $3 million, the company said. In exchange, they will get dividend-bearing subordinate voting shares when Wellstar goes public. Well Health now plans to list Wellstar’s shares publicly in 2026 while keeping majority ownership and control. (The Logic)
Talking point: Vancouver-based Well Health has rolled up primary care and specialty clinics, plus virtual-care services, operating them on an information-technology platform run by Wellstar that it sells as a service to other health providers. In its most recent quarterly report, Well said its software and technology segment made about $16.9 million in revenue from external customers and $4.7 million in adjusted earnings. Well announced the spinout plan in December 2024, intending to have it done this year.
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