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VANCOUVER & TORONTO - WELLSTAR Technologies Corp., a subsidiary of WELL Health Technologies Corp. (TSX:WELL), has updated its fiscal 2025 guidance to $74 million in revenue and $22 million in Adjusted EBITDA, according to a company press release.
The digital health firm expects to end the year with total annual recurring revenue (ARR) of approximately $62 million and an exit ARR of around $80 million, representing a 50% increase over the previous year’s exit figure.
WELLSTAR has executed three letters of intent for acquisitions that are projected to contribute approximately $15 million in ARR, $16 million in revenue, and over $5 million in Adjusted EBITDA on an annualized basis. These acquisitions align with the company’s strategy to expand its clinician enablement capabilities.
The company’s recently launched Nexus AI solution, which provides ambient medical scribe technology for real-time clinical documentation, has gained traction with over 2,400 healthcare providers signing up since its May 7 release. As a pre-qualified vendor for Canada Health Infoway’s AI Scribe Program, eligible primary care clinicians can receive a fully-funded Nexus AI license for 12 months.
"We’ve had an excellent first half to 2025 as both our organic and inorganic growth engines are levelling up," said Amir Javidan, CEO of WELLSTAR. "We believe we may be approaching our goal of $100 million in revenues on a run-rate basis a few quarters earlier than previously anticipated."
The company’s updated guidance includes approximately $4 million in revenue and $1 million in Adjusted EBITDA from the three pending acquisitions for fiscal 2025.
The information in this article is based on a press release statement from WELLSTAR Technologies.
In other recent news, Welltower Inc. reported its Q1 2025 earnings, showing a net income of $0.40 per diluted share, which met analyst expectations. The company exceeded revenue forecasts by posting $2.42 billion against the anticipated $2.34 billion. This performance aligns with a historical trend of growth, as Welltower also announced a significant year-over-year increase of 18.8% in normalized funds from operations (FFO) per share. The company has raised its full-year 2025 FFO guidance, reflecting confidence in continued growth. Additionally, Welltower announced a major acquisition of Amica Senior Living, valued at CAD 4.6 billion, which is expected to close by year-end. This acquisition is part of a broader strategy, with Welltower completing $2.66 billion in new investments during the first quarter. In terms of credit ratings, Welltower received upgrades from both S&P and Moody’s, reflecting its strengthened financial position. Analyst firms have taken note of these developments, highlighting Welltower’s strategic focus and operational efficiency.
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