HealWELL AI Inc

HEALWELL AI Appoints Beatrice York, Dr. Marcel Reichart, and Reeva Misra to Strategic Advisory Board

  • HEALWELL AI announces the formation of a Strategic Advisory Board, designed to empower the Company’s global growth initiatives and offer expert guidance on product development, ethical considerations related to use of AI, regulatory compliance, and market positioning.
  • Beatrice York, Dr. Marcel Reichart and Reeva Misra have joined HEALWELL’s Strategic Advisory Board, bringing expertise across international business, AI, healthcare, and technology with the goal to help the company realize potential in creating impactful societal and shareholder value

TORONTO, ON, November 19, 2024 – HEALWELL AI Inc. (“HEALWELL” or the “Company”) (TSX: AIDX, OTCQX: HWAIF), an AI and data science company focused on preventative care, is pleased to announce the formation of a Strategic Advisory Board to assist in guiding the Company’s future strategic initiatives. The first three members of the formed advisory board are Beatrice York, Dr. Marcel Reichart and Reeva Misra, all of whom bring diverse and highly valuable expertise to HEALWELL, enhancing its mission of delivering cutting-edge solutions in the health and wellness sector.

Dr. Alexander Dobranowski, CEO of HEALWELL, commented, “We are thrilled to announce the formation of our Strategic Advisory Board and welcome Beatrice York, Dr. Marcel Reichart, and Reeva Misra to the HEALWELL family. Each of these individuals brings extraordinary talent and global perspective to our mission. Dr. Reichart’s expertise in corporate and business development, with deep connections across Fortune 500 companies and capital markets, will be invaluable as we expand globally. Reeva Misra, a visionary serial entrepreneur, understands the intersection of life sciences and AI, which aligns perfectly with our commitment to innovation in preventative care. We are also deeply honored to have Beatrice York join us, as her leadership and advocacy in AI and healthcare further elevate HEALWELL’s ability to address global health challenges. Together, this board will be an outstanding resource in supporting HEALWELL’s goals to develop impactful products and services that create societal value and drive shareholder value.”

Beatrice York, a member of the British royal family, is the founder of BY-EQ Limited, an advisory organisation founded to support and enrich the landscape of technology and applied innovation. Initiated after seeing the effect of silos and lack of collaboration on the industry, BY-EQ is a boutique service provider working to design transformative moments to ensure critical technology advancements are fostered through a shared vision across sectors.

Through bespoke projects where collaboration with multiple stakeholders is critical to success, drawing from her diverse background in technology and philanthropy, Beatrice York combines her expertise to foster environments and conversations where empathy, understanding, and authentic communication thrive. BY–EQ works to inspire artificial intelligence, and wider technology industries to do more to support the enablement of the sector to develop with humanity in mind.

Dr. Marcel Reichart is a global executive, expert, and senior advisor with extensive experience and a wide network in international business development, communications, finance, and management across media, consumer and technology growth industries. He has served in international public and private board roles and is currently a director of NeueHouse and RHEI. Dr. Reichart was a Corporate Center Board Member and the Executive Vice President of Digital Development and Partnerships of globally leading media, education, and services group Bertelsmann and an Executive Vice President of the publicly-listed European broadcaster RTL Group and head of its Digital Hub. He also served on Bertelsmann’s Creative Advisory Board and its venture funds’ global investment committees. He held previous senior executive roles at Hubert Burda Media, a leading European family-owned diversified media and technology group, including responsibilities for business development, marketing, communications, research, and as Chief of Staff of publisher Dr. Hubert Burda. Dr. Reichart is also a Co-Founder of the renowned innovation conference DLD and was its co-director. Dr. Reichart is a World Economic Forum Young Global Leader Alumni and is associated with other notable global leadership and innovation networks. He earned his master’s degrees in Corporate Management at WHU in Germany and Emlyon Business School in France as well as a doctorate in Economic Sciences.

Reeva Misra is a three-time entrepreneur, Chairwoman, Advisor, and Investor, and the Founder & CEO of Walking on Earth (WONE), a precision health platform focused on regulating stress. Reeva is passionate about using technology as a force for good and has held leadership roles at tech scale-ups across AI, education, and health. She holds masters degrees from Oxford University and Yale University and has been a Teaching Fellow and Guest Lecturer at Stanford Business School, Harvard Business School and Yale. She’s been awarded Management Today’s 35 Women Under 35 and featured in the Financial Times, The Telegraph and Sifted. Reeva supports education for children in India through her scholarship foundation Vahani Scholarship. Reeva’s work at WONE and her experience in health tech innovation will be complimentary as HEALWELL continues to develop advanced clinical decision support systems aimed at improving patient health outcomes.

HEALWELL’s Strategic Advisory Board will serve as a key resource, offering expert guidance on product development, ethical considerations, regulatory compliance, and market positioning. It aims to bridge the gap between technology and healthcare, ensuring that HEALWELL’s innovations are not only pioneering but also responsible and aligned with industry standards and patient needs. With expertise spanning corporate development, AI, healthcare, and life sciences, this board is designed to empower HEALWELL’s global growth and strengthen its market positioning.

Dr. Alexander Dobranowski  
Chief Executive Officer 
HEALWELL AI Inc. 

About HEALWELL AI

HEALWELL is a healthcare technology company focused on AI and data science for preventative care. Its mission is to improve healthcare and save lives through early identification and detection of disease. Using its own proprietary technology, the Company is developing and commercializing advanced clinical decision support systems that can help healthcare providers detect rare and chronic diseases, improve efficiency of their practice and ultimately help improve patient health outcomes. HEALWELL is executing a strategy centered around developing and acquiring technology and clinical sciences capabilities that complement the Company’s road map. HEALWELL is publicly traded on the Toronto Stock Exchange under the symbol “AIDX” and on the OTC Exchange under the symbol “HWAIF”. To learn more about HEALWELL, please visit https://healwell.ai/. 

Forward Looking Statements

Certain statements in this press release, constitute “forward-looking information” and “forward looking statements” (collectively, “forward looking statements”) within the meaning of applicable Canadian securities laws, such as the anticipated impact of the Strategic Advisory Board and its members on the Company’s business, growth strategy and market position, and are based on assumptions, expectations, estimates and projections as of the date of this press release. Forward-looking statements are often, but not always, identified by words or phrases such as “growth”, “guide”, “assist in”, “ensuring”, “goal”, “inspire”, “achieve”, “improve”, “future”, “plan”, “opportunities”, or variations of such words and phrases or statements that certain future conditions, actions, events or results “will”, “may”, “could”, “would”, “should”, “might” or “can” be taken, occur or be achieved, or the negative of any of these terms . Forward-looking statements are necessarily based upon management’s perceptions of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by HEALWELL as of the date of such statements, are outside of HEALWELL’s control and are inherently subject to significant business, economic and competitive uncertainties and contingencies which could result in the forward-looking statements ultimately being entirely or partially incorrect or untrue. Forward looking statements contained in this press release are based on various assumptions, including, but not limited to, the following: changes in personnel, senior management and strategic advisors; the anticipated roles and responsibilities of the Strategic Advisory Board; the Company’s ability to continue to access debt and equity markets to fund its capital and growth requirements; the effects of competition in the industry; the stability of general economic and market conditions; HEALWELL’s ability to comply with applicable laws and regulations; HEALWELL’s continued compliance with third party intellectual property rights; and that the risk factors noted below, collectively, do not have a material impact on HEALWELL’s business, operations, revenues and/or results. By their nature, forward-looking statements are subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved.

Known and unknown risk factors, many of which are beyond the control of HEALWELL, could cause the actual results of HEALWELL to differ materially from the results, performance, achievements, or developments expressed or implied by such forward-looking statements. Such risk factors include but are not limited to those factors which are discussed under the section entitled “Risk Factors” in HEALWELL’s most recent annual information form dated April 1, 2024, which is available under HEALWELL’s SEDAR+ profile at www.sedarplus.com. The risk factors are not intended to represent a complete list of the factors that could affect HEALWELL and the reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. HEALWELL disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. All of the forward-looking statements contained in this press release are qualified by these cautionary statements.

For more information:

Pardeep S. Sangha  
Investor Relations, HEALWELL AI Inc. 
Phone: 604-572-6392  
ir@healwell.ai 

Khure Health

Khure Health is a wholly owned subsidiary of HEALWELL AI. Khure is an AI health technology company whose precision medicine platform harnesses clinical data, enabling physicians to rapidly screen and identify patients with rare diseases and facilitate more personalized treatment.

Khure is actively working with and/or has rare and specialty disease programs in development with 6 of the top 10 pharma companies and international disease associations.
Visit Website →

This will close in 0 seconds

Pentavere

HEALWELL AI is a majority shareholder of Pentavere Research Group, a globally recognized and award-winning AI digital health company that has built a best-in-class AI engine to identify patients that are eligible for approved medications or interventions, to improve outcomes for patients and help drive therapy growth and penetration. Over the past several years, Pentavere has published an impressive array of literature in high-impact, peer-reviewed medical journals, totaling more than 30 manuscripts, which serve as a testament to Pentavere’s capabilities and adds significant credibility to their technology.
Visit Website →

This will close in 0 seconds

Intrahealth

Intrahealth is a pioneering force in healthcare technology, specializing in the development and implementation of state-of-the-art EMR solutions. With a relentless commitment to advancing patient care, Intrahealth empowers healthcare providers, institutions, and governments with innovative digital tools designed to enhance healthcare delivery and improve patient outcomes.
Visit Website →

This will close in 0 seconds

VeroSource Solutions

VeroSource Solutions is a digital health company established in 2014 to empower people and unlock the potential in Canadian healthcare. Its team of professionals has extensive experience in the full lifecycle of healthcare IT solutions and offers healthcare providers the technology and support needed to go digital. VeroSource’s cloud-first multi-channel software securely connects people, data and systems to drive digital healthcare transformation. Founded in Fredericton, NB, VeroSource has grown to include team members across Ontario and Atlantic Canadian.
Visit Website →

This will close in 0 seconds

BioPharma Services

BioPharma Services is a leading contract research organization (CRO) based in Toronto, Canada, specializing in Phase 1 and Phase 2a clinical trials. With a focus on scientific integrity, operational excellence, and adaptive processes tailored to each client’s needs, BioPharma Services has established a reputation for delivering high-quality results in the pharmaceutical and biotech industries. BioPharma’s comprehensive services also include Bioanalysis at their GLP Certified Laboratory, Scientific and Regulatory Affairs, Biostatistics and Safety Data Analysis (CDISC), Data Management and Medical Writing.
Visit Website →

This will close in 0 seconds

PolyClinic

HEALWELL AI Polyclinic provides onsite integrated health services including primary care, specialist care, lab services, and an in-house clinical research organization. With integrated systems and data-driven tools, HEALWELL AI Polyclinic plans to unlock meaningful insights from consistent, high-quality, structured clinical information from over 50 primary care physicians and specialists, labs, and clinical trials.
Visit Website →

This will close in 0 seconds

Doctorly

Founded in 2018, doctorly is a European based digital health-tech startup with a company mission of 'enabling people to live healthier lives'. With an initial focus on Europe’s largest market, Germany, doctorly has built a brand new, fully regulated practice management software to redefine how medical practices work. As an all-in-one solution, doctorly provides a fully centralised, cloud powered, GDPR compliant, medical practice operating system that dramatically reduces the time and effort doctors and medical assistants spend on day-to-day administrative tasks. doctorly is financially backed by some of the world’s most renowned venture capital firms. To learn more about doctorly please visit: www.doctorly.de

Read the original press release here.
Visit Website →

This will close in 0 seconds

xAI

xAI is a company working on building artificial intelligence to accelerate human scientific discovery. They're guided by their mission to advance our collective understanding of the universe. The team is led by Elon Musk, CEO of Tesla and SpaceX. Collectively their team has contributed some of the most widely used methods in the field, in particular the Adam optimizer, Batch Normalization, Layer Normalization, and the discovery of adversarial examples. They further introduced innovative techniques and analyses such as Transformer-XL, Autoformalization, the Memorizing Transformer, Batch Size Scaling, μTransfer, and SimCLR. They have worked on and led the development of some of the largest breakthroughs in the field including AlphaStar, AlphaCode, Inception, Minerva, GPT-3.5, and GPT-4. Learn more at https://x.ai/ Read the original press release here.
Visit Website →

This will close in 0 seconds

Mutuo Health Solutions

Mutuo Health Solutions is a Toronto-based medical artificial intelligence company focused on developing predictive clinical AI technology. Their flagship product, AutoScribe, is an advanced AI-powered ambient scribe solution that transcribes clinician-patient interactions into high-quality electronic medical records in real time. AutoScribe utilizes natural language processing and machine learning technology to accurately capture and structure patient data, enabling healthcare providers to focus on patient care and improve clinical efficiency.

Visit Website →

This will close in 0 seconds

Abstractive Health

Abstractive Health is on a mission to transform the healthcare industry by automating clinical documentation with generative AI. Their innovative AI software creates comprehensive patient summaries, streamlining workflows and empowering healthcare providers to focus on patient care. By harnessing advanced language models, the company delivers accurate, medically relevant insights directly to clinicians, enabling informed decision-making and improved patient outcomes. Read the original press release here. 

Visit Website →

This will close in 0 seconds