| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 7 February 2025 |
| Pathway | Significant business assets only |
| Investment | HEALWELL AI Inc is acquiring up to 100% of the ordinary shares in Orion Health Holdings Limited. WELL Health Technologies Corp. is acquiring up to 49% of the Class A Subordinate Voting Shares and 100% of the Class B Shares in HEALWELL AI Inc. |
| Consideration | $200,000,000 |
| Applicants | HEALWELL AI Inc. WELL Health Technologies Corp. |
| Vendor | McCrae Limited |
| Background | HEALWELL AI Inc. is a Canadian based healthcare technology company which is publicly listed on the Toronto Stock Exchange. The largest shareholder of Healwell is WELL Health Technologies Corp. a Canadian based healthcare provider. Healwell is acquiring 100% of shares in Orion Health Holdings Limited, who develops, deploys, operates and maintains electronic health record systems. Healwell intends to integrate Orion to its existing range of healthcare services and products. After the proposed Orion acquisition, Wellhealth intends to increase its ownership and controlling interest in Healwell to above 25% and 50% respectively. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Mark Forman |