WELL Health Technologies Management

Management criteria checks 3/4

WELL Health Technologies' CEO is Hamed Shahbazi, appointed in May 2018, has a tenure of 6.5 years. total yearly compensation is CA$6.51M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 5.97% of the company’s shares, worth $47.15M. The average tenure of the management team and the board of directors is 5.6 years and 6.6 years respectively.

Key information

Hamed Shahbazi

Chief executive officer

CA$6.5m

Total compensation

CEO salary percentage	7.7%
CEO tenure	6.5yrs
CEO ownership	6.0%
Management average tenure	5.6yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hamed Shahbazi's remuneration changed compared to WELL Health Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	CA$147m
Mar 31 2024	n/a	n/a	CA$30m
Dec 31 2023	CA$7m	CA$500k	CA$82k
Sep 30 2023	n/a	n/a	-CA$7m
Jun 30 2023	n/a	n/a	-CA$4m
Mar 31 2023	n/a	n/a	-CA$5m
Dec 31 2022	CA$2m	CA$450k	CA$1m
Sep 30 2022	n/a	n/a	-CA$29m
Jun 30 2022	n/a	n/a	-CA$37m
Mar 31 2022	n/a	n/a	-CA$45m
Dec 31 2021	CA$5m	n/a	-CA$44m
Sep 30 2021	n/a	n/a	-CA$29m
Jun 30 2021	n/a	n/a	-CA$21m
Mar 31 2021	n/a	n/a	-CA$9m
Dec 31 2020	CA$710k	n/a	-CA$4m
Sep 30 2020	n/a	n/a	-CA$9m
Jun 30 2020	n/a	n/a	-CA$10m
Mar 31 2020	n/a	n/a	-CA$8m
Dec 31 2019	CA$681k	n/a	-CA$8m
Dec 31 2018	CA$502k	n/a	-CA$2m

Compensation vs Market: Hamed's total compensation ($USD4.66M) is above average for companies of similar size in the US market ($USD3.25M).

Compensation vs Earnings: Hamed's compensation has been consistent with company performance over the past year.

CEO

Hamed Shahbazi (49 yo)

6.5yrs

Tenure

CA$6,508,755

Compensation

Mr. Hamed Shahbazi, B. Sc., serves as Chairman & Chief Executive Officer at WELL Ventures. He is Chairman of the Board of Healwell AI Inc. from February 2024. He was Director of Healwell AI Inc. from Octob...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hamed Shahbazi	Founder	6.5yrs	CA$6.51m	5.97% $ 47.2m
Eva Fong	Chief Financial Officer	5.6yrs	CA$1.15m	0.70% $ 5.5m
Amir Javidan	Chief Operating Officer	5.8yrs	CA$1.12m	0.80% $ 6.3m
James Kreger	CEO of WELL Health USA & CRH Medical	2.8yrs	CA$1.64m	no data
Beemal Shah	COO of CRH Medical Corporation	2.2yrs	CA$1.58m	no data
Pardeep Sangha	Vice President of Corporate Strategy & Investor Relations	5.6yrs	no data	no data
Brian Levinkind	Senior Vice President of Corporate Development	5.6yrs	CA$302.30k	no data
Chris Ericksen	Senior Vice President of Strategic Partnerships & Marketing	5.8yrs	no data	no data
Shane Sabatino	Chief People Officer	3.8yrs	no data	no data
Michael Frankel	Chief Medical Officer	6yrs	CA$639.73k	no data
Michael Goodman	Head of Acquisitions - Eastern Canada	4.3yrs	no data	no data
Iain Paterson	Chief Information Security Officer	2.5yrs	no data	no data

5.6yrs

Average Tenure

55yo

Average Age

Experienced Management: WHTC.F's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hamed Shahbazi	Founder	8.7yrs	CA$6.51m	5.97% $ 47.2m
Thomas Liston	Independent Director	6.6yrs	CA$257.87k	0.26% $ 2.0m
Kenneth Cawkell	Independent Director	8.7yrs	CA$245.50k	0.18% $ 1.5m
John Kim	Independent Director	6.8yrs	CA$245.50k	0.15% $ 1.2m
Patricia Kirkpatrick	Member of Advisory Board	5.2yrs	no data	no data
Tara McCarville	Independent Director	4.6yrs	CA$245.50k	0.039% $ 305.8k
Sybil E. Lau	Independent Director	2.3yrs	CA$210.24k	0.20% $ 1.6m

6.6yrs

Average Tenure

62yo

Average Age

Experienced Board: WHTC.F's board of directors are considered experienced (6.6 years average tenure).

WELL Health Technologies Management

Management criteria checks 3/4

Key information

Recent management updates

WELL Health Technologies Corp., Annual General Meeting, Jun 12, 2024

WELL Health Technologies Corp. Announces Appointment of Sybil Lau to its Board of Directors

WELL Appoints Iain Paterson to the Position of Chief Information Security Officer

WELL Health Technologies Corp., Annual General Meeting, Jun 17, 2022

WELL Health Technologies Corp. Announces Executive Changes

Recent updates

WELL Health Technologies Corp. to Report Q3, 2024 Results on Nov 07, 2024

Ms. CHAU Hoi Shuen Solina Holly acquired a 7.53% stake in WELL Health Technologies Corp. (TSX:WELL) for CAD 81.01 million.

WELL Health Technologies Corp. Revised Revenue Guidance for the Year 2024

WELL Health Technologies Corp. to Report Q2, 2024 Results on Aug 14, 2024

WELL Health Technologies Corp. Revises Revenue Guidance for the Year 2024

WELL Health Technologies Corp. to Report Q1, 2024 Results on May 08, 2024

WELL Health Technologies Corp., Annual General Meeting, Jun 12, 2024

Well Health Technologies Corp. Raises Earnings Guidance for 2024

WELL Health Technologies Corp. to Report Q4, 2023 Results on Mar 21, 2024

WELL Health Technologies Corp. Announces the Creation of A Dedicated Public Sector Group to Help Tech Enable Public Health Systems Operating At Scale

Healwell AI Inc. (TSX:AIDX) completed the acquisition of Intrahealth Systems Limited from WELL Health Technologies Corp. (TSX:WELL) for approximately $24.2 million.

Healwell AI Inc. (TSX:AIDX) entered into an agreement to acquire Intrahealth Systems Limited from WELL Health Technologies Corp. (TSX:WELL) for approximately $24.2 million.

WELL Health Technologies Corp. announced that it has received CAD 0.074876 million in funding

Well Health Announces Launch of Well Ai Inbox Admin: A Revolutionary Ai-Powered Solution for Clinic Inbox Management

Well Health Technologies Corp. Provides Earnings Guidance for the Year 2023 and 2024

WELL Health Technologies Corp. Launches WELL Longevity+ Program

WELL Health Technologies Corp. to Report Q3, 2023 Results on Nov 14, 2023

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of Clinic assets from MCI Medical Clinics Inc.

WELL Health Technologies Corp. to Report Q2, 2023 Results on Aug 10, 2023

WELL Health Technologies Corp. (TSX:WELL) entered into an agreement to acquire Significant Portion of Clinical Assets of MCI Medical clinics Inc.

Well Health Technologies Corp. Provides Revenue Guidance for the Year 2023

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of MCI Medical Clinics (Alberta) Inc. from MCI Onehealth Technologies Inc. (TSX:DRDR).

WELL Health Technologies Corp. (TSX:WELL) entered into a definitive share purchase agreement to acquire MCI Medical Clinics (Alberta) Inc. from MCI Onehealth Technologies Inc. (TSX:DRDR) for CAD 2 million.

WELL Health Technologies Corp. Provides Earnings Guidance for the Year 2023

WELL Health Technologies Corp. Announces the Launch of Its Ground-Breaking Product, WELL AI Voice

WELL Health Technologies Corp. to Report Q1, 2023 Results on May 12, 2023

WELL Health Technologies Corp. Increases Annual Revenue Guidance for 2022

WELL Health Technologies Corp. to Report Q3, 2022 Results on Nov 10, 2022

WELL Health Technologies Corp. (TSX:WELL) entered into an agreement to acquire Cloud Practice Inc. and 3 Clinics from CloudMD Software & Services Inc. (TSXV:DOC) for CAD 5.75 million.

WELL Health Technologies Corp. Updates Revenue Guidance for the Year of 2022

WELL Health Technologies Corp. Announces Appointment of Sybil Lau to its Board of Directors

WELL Health Technologies Corp. Provides Revenue Guidance for the Second Quarter 2022

WELL Appoints Iain Paterson to the Position of Chief Information Security Officer

WELL Health Technologies Corp. (TSX:WELL) entered into an asset purchase agreement to acquire Assets of INLIV Inc. from Coril Holdings Ltd. for CAD 1.8 million.

WELL Health Technologies Corp. has completed a Follow-on Equity Offering in the amount of $30.01107 million.

WELL Health Technologies Corp. Revises Earnings Guidance for the Year 2022

WELL Health Technologies Corp. to Report Q1, 2022 Results on May 12, 2022

WELL Health Technologies Corp. Provides Preliminary Earning Guidance for the First Quarter Ended March 31, 2022

WELL Health Technologies Corp., Annual General Meeting, Jun 17, 2022

WELL Health Technologies Corp. Provides Earnings Guidance for the Year 2022

WELL Health Technologies Corp. (TSX:WELL) acquired CognisantMD for CAD 24.57 million.

WELL Health Technologies Corp. (TSX:WELL) entered into a definitive stock purchase agreement to acquire a 53% stake in WISP, Inc. for $41.3 million.

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of MyHealth Partners Inc.

WELL Health Technologies Corp. (TSX:WELL) agreed to acquire MyHealth Partners Inc. for approximately CAD 270 million.

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of 51% stake in Doctors Services Group Limited.

WELL Health Technologies Corp. Offers Health Records on Iphone to Empower Patient Engagement

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of ExecHealth Inc.

WELL Health Technologies Corp. (TSX:WELL) signed a definitive share purchase agreement to acquire a 51% stake in Doctors Services Group Limited for CAD 1.4 million.

WELL Health Technologies Corp. to Report Q4, 2020 Results on Mar 18, 2021

WELL Health Technologies Corp. Announces Executive Changes

WELL Health Technologies Corp. (TSX:WELL) entered into a share purchase agreement to acquire Intrahealth Systems Limited for $19.3 million.

WELL Health Technologies Corp. (TSX:WELL) signed a definitive agreement to acquire CRH Medical Corporation (TSX:CRH) for approximately $300 million.

WELL Health Technologies Corp. (TSX:WELL) acquired Open Health Software Solutions Inc.

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of Adracare Inc.

WELL Health Technologies Corp. partners with Canada Health Infoway to integrate Infoway's national e-prescribing service, PrescribeIT with WELL's OSCAR Pro Electronic Medical Records (EMR) software

Well Health Launches Direct-To-Consumer Covid-19 Antibody Tests in Ontario Via Tia Health

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of Source 44 Consulting Incorporated.

WELL Health Provides Corporate Update Demonstrating Acceleration of Business, New Innovative Testing Programs and A Strong M&A Pipeline

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of remaining 60% stake in INSIG Corporation.

WELL Health Technologies Corp. (TSX:WELL) entered into a definitive share purchase agreement to acquire the remaining 60% stake in Insig Corporation for CAD 31.1 million.

WELL Health Technologies Corp. to Report Q3, 2020 Results on Nov 12, 2020

WELL Health Technologies Corp. (TSX:WELL) entered into a definitive share purchase agreement to acquire DoctorCare Inc. for CAD 17.9 million.

WELL Health Introduces Six New Digital Health Applications on its "apps.health" Marketplace

WELL Health Launches "apps.health", a Digital Health App Marketplace for EMR users

WELL Health Technologies Corp. announced that it has received CAD 23 million in funding

WELL Health Technologies Corp. (TSX.V: WELL) entered into a share purchase agreement to acquire all of the issued and outstanding shares of OSCARwest EMR Services Inc. from Patricia Rodger Kirkpatrick and Jason Gallagher for CAD 1.3 million.

WELL Health Technologies Corp. announced that it expects to receive CAD 22.999996 million in funding

WELL Health Technologies Corp. to Report Q2, 2020 Results on Aug 11, 2020

WELL Health Technologies Corp. (TSX:WELL) completed the acquisition of all assets of Services Division of Cycura Inc.

WELL Health Technologies Corp. (TSX:WELL) entered into an agreement to acquire All Assets of Services Division of Cycura Inc. for approximately CAD 2.6 million.