{"success":true,"data":{"pressRelease":{"id":"132132","rtpr_id":"nNFC2RrY0x","ticker":"AIDX","exchange":"TSX","all_tickers":["AIDX"],"title":"HEALWELL to Deploy AI-Powered SMART Search and SMART Summary Across Statewide U.S. Health Information Exchange","author":"Newsfile Corp","published_at":"2026-09-01T10:00:18.945Z","article_body":"*\nHEALWELL, through its subsidiary Orion Health, has entered into an agreement\nwith the statewide designated Health Information Exchange of Iowa, Converge\nHealth Iowa, to deploy DARWEN™-powered SMART Search and SMART Summary.\n*\nThe agreement represents a multi-million-dollar, multi-year enterprise\nopportunity, and is expected to generate recurring revenue over its term that\nis substantial relative to the current run rate of HEALWELL's AI & Data\nSciences business unit.\n*\nSMART Search and SMART Summary are designed to reduce clinical burden on\nphysicians at the point of care, extracting relevant clinical facts from\ncomplex, longitudinal patient records with document-level traceable\nprovenance. This allows physicians to verify the source behind every extracted\nfact and make better-informed clinical decisions, rather than relying on\nunconstrained generative output.\n\nToronto, Ontario--(Newsfile Corp. - September 1, 2026) - HEALWELL AI\nInc. (TSX: AIDX) (OTCQX: HWAIF) (\"HEALWELL\" or the \"Company\"), a healthcare\nartificial intelligence company focused on preventative care, today announced\nthat it has entered into an agreement with Converge Health Iowa, Iowa's\ndesignated statewide Health Information Exchange (\"HIE\") and an existing Orion\nHealth customer, to deploy the DARWEN™-powered SMART Search and SMART\nSummary solutions across Iowa's statewide HIE infrastructure, which currently\nreceives data from 115 hospitals and is designed to support healthcare\nproviders and organizations statewide. The agreement represents a\nmulti-million-dollar, multi-year enterprise contract, and is expected to\ngenerate recurring revenue over its term that is substantial relative to the\ncurrent run rate of HEALWELL's AI & Data Sciences business unit.\n\nBeyond the commercial value of the agreement, the deployment represents an\nopportunity to bring HEALWELL's AI-powered clinical search and summarization\ncapabilities to an entire U.S. state through a statewide health information\nexchange supporting millions of patients and connecting healthcare providers\nacross the network. The implementation is expected to make SMART Search and\nSMART Summary available to authorized clinicians across the network helping\nthem more efficiently locate and review relevant information within\nlongitudinal patient records.\n\nJames Lee, Chief Executive Officer of HEALWELL, commented, \"This agreement is\na proof point for the strategy at the core of how we are scaling HEALWELL. We\nbuilt the Orion Health relationship to give us a large, trusted footprint\ninside global health systems, and this is exactly the kind of repeatable\ncross-sell we set out to unlock, taking an existing infrastructure\nrelationship and expanding it into higher-value AI. It demonstrates our\nintention to move quickly from data connectivity to clinical value, and it's a\ntemplate we intend to repeat across Orion Health's broader enterprise customer\nbase. Once inside, SMART Search and SMART Summary address a problem every\nclinician feels, spending too much time digging through fragmented,\nlongitudinal records instead of focused on patient care, and they do it in a\nway that keeps every output traceable back to the source. That combination, a\nrepeatable go-to-market motion paired with genuine clinical utility, is\ncentral to how we think about scaling HEALWELL's AI business.\"\n\n\"A statewide HIE can bring together an extraordinary amount of information,\nbut connectivity alone isn't enough,\" said Laura Young, Executive Director of\nConverge Health Iowa. \"Our goal is to make that information genuinely useful\nto the people delivering care. These SMART tools are expected to help\nclinicians more quickly identify the information that matters within a\nlongitudinal record while preserving the ability to trace that information\nback to its source. That is an important next step in making statewide\ninteroperability more actionable.\"\n\nClinicians today spend a significant portion of their time manually sifting\nthrough increasingly complex, longitudinal patient records to locate the\ninformation relevant to a single encounter. SMART Search and SMART Summary are\ndesigned to close that gap, surfacing relevant clinical information in seconds\nrather than requiring manual chart review. What sets the underlying DARWEN™\ntechnology apart is its intended traceability: every output is designed to\nlink back to its source information, rather than relying on the unconstrained\ngenerative output common to many AI tools, a distinction that matters directly\nin clinical settings where accuracy and auditability are non-negotiable.\n\nThe potential clinical and workflow benefits of SMART Summary were evaluated\nin a February 2026 Canada Health Infoway demonstration involving 50 clinicians\nacross two electronic medical record environments. In that demonstration, 84%\nof participating clinicians indicated that they believed SMART Summary could\nsave them time, while 90% rated its usability 4 or 5 out of 5, 85% rated its\naccuracy 4 or 5 out of 5, and 79% indicated that they would recommend the\nsolution to colleagues.\n\nThe Canada Health Infoway demonstration also highlighted the scale of the\ninformation burden that SMART Summary is designed to address. Each summary\nconsolidated a median of seven source documents, with as many as 41 source\ndocuments combined into a single structured summary for a complex patient.\nClinicians reported the greatest perceived value when they were unfamiliar\nwith a patient, managing complex cases or reviewing high volumes of fragmented\nclinical information.\n\nHEALWELL believes these findings may be particularly relevant to a statewide\nHIE serving millions of patients, where clinicians may need to rapidly\nunderstand a longitudinal history assembled from multiple providers,\nfacilities and care settings. Rather than requiring clinicians to manually\nnavigate numerous documents across a patient record, SMART Search and SMART\nSummary are designed to surface relevant clinical information more efficiently\nwhile maintaining traceability back to the underlying source documentation.\n\nBy combining these capabilities with Converge Health Iowa's existing Orion\nHealth infrastructure, HEALWELL expects to help transform a large-scale\nstatewide repository of connected health information into a more actionable\nclinical resource at the point of care. Across a network of this scale, even\nmodest reductions in the time required to find, review and verify relevant\ninformation have the potential to create meaningful workflow efficiencies,\nreduce chart-review burden and allow clinicians to spend more time focusing on\nthe patient, rather than clinical portals.\n\nThe agreement supports HEALWELL's strategy of cross-selling its AI\ncapabilities across Orion Health's global enterprise customer base. It builds\ndirectly on HEALWELL's previously announced health information exchange win\ncombining VeroSource and Orion Health, expanding an existing infrastructure\nrelationship into higher-value AI capabilities. Management views this as a\nproof point for a repeatable land-and-expand model, one it intends to pursue\nacross other health systems and health information exchange customers within\nthe Orion Health network, which currently represents approximately 70+\npotential HIE cross-sell and upsell opportunities.\n\nJames Lee\nChief Executive Officer\nHEALWELL AI Inc.\n\nAbout HEALWELL AI\n\nHEALWELL is a healthcare artificial intelligence company focused on\npreventative care. Its mission is to improve healthcare and save lives through\nearly identification and detection of disease. Using its own proprietary\ntechnology, the Company is developing and commercializing advanced clinical\ndecision support systems that can help healthcare providers detect rare and\nchronic diseases, improve efficiency of their practice and ultimately help\nimprove patient health outcomes. HEALWELL is executing a strategy centered\naround developing and acquiring technology and clinical sciences capabilities\nthat complement the Company's road map. HEALWELL is publicly traded on the\nToronto Stock Exchange under the symbol \"AIDX\" and on the OTC Exchange under\nthe symbol \"HWAIF\". To learn more about HEALWELL, please visit\nhttps://healwell.ai/.\n\nAbout Converge Health Iowa\n\nConverge Health Iowa is Iowa's designated statewide Health Information\nExchange, connecting health information across providers, care settings and\ncommunities to support more coordinated, informed and efficient care. Converge\nHealth Iowa is building a modern statewide health information infrastructure\ndesigned not only to make clinical information available, but to make it more\nuseful at the point of care and across the broader healthcare ecosystem.\n\nForward Looking Statements\n\nCertain statements in this press release, constitute \"forward-looking\ninformation\" and \"forward looking statements\" (collectively, \"forward looking\nstatements\") within the meaning of applicable Canadian securities laws, and\nare subject to risks and uncertainties that may cause actual results to differ\nmaterially from those contemplated by such statements. Forward-looking\nstatements in this press release include but are not limed to statements about\n(i) the anticipated deployment of SMART Search and SMART Summary across the\ncustomer's environment; (ii) the anticipated timing and amount of recurring\nand non-recurring revenue expected to be generated from the agreement; (iii)\nthe number of providers, clinicians or patients that may have access to or be\nsupported by the deployment; (iv) anticipated product performance,\ntraceability, clinical utility, time savings, workflow efficiencies and other\nbenefits (v) the Company's ability to replicate this engagement as a\nrepeatable land-and-expand model across other Orion Health enterprise\ncustomers and health information exchange relationships; and (vi) the\nCompany's ongoing strategy to cross-sell its AI capabilities across Orion\nHealth's global enterprise customer base; and are based on assumptions,\nexpectations, estimates and projections as of the date of this press release\nand should not be read as guarantees of future results or performance.\nForward-looking statements are often, but not always, identified by words or\nphrases such as \"expects\", \"intends\", \"anticipated\", \"designed to\", \"expected\nto\", \"opportunity\", \"repeatable\", \"continues to\", \"building on\", \"to deploy\"\nor variations of such words and phrases or statements that certain future\nconditions, actions, events or results \"will\", \"may\", \"could\", \"would\",\n\"should\", \"might\" or \"can\" be taken, occur or be achieved, or the negative of\nany of these terms. The absence of such words does not mean a statement is not\nforward-looking. Forward-looking statements are necessarily based upon\nmanagement's perceptions of historical trends, current conditions and expected\nfuture developments, as well as a number of specific factors and assumptions\nthat, while considered reasonable by HEALWELL as of the date of such\nstatements, are outside of HEALWELL's control and are inherently subject to\nsignificant business, economic and competitive uncertainties and contingencies\nwhich could result in the forward-looking statements ultimately being entirely\nor partially incorrect or untrue. Forward looking statements contained in this\npress release are based on various assumptions, including, but not limited to,\nthe following: (i) HEALWELL's ability to maintain its relationship with the\ncustomer described herein and with Orion Health's broader enterprise customer\nbase; (ii) the customer's continued deployment and adoption of SMART Search\nand SMART Summary as contemplated; (iii) HEALWELL's ability to leverage its\nrelationships with other customers, including to expand service offerings and\ncreate cross-selling opportunities; (iv) the stability of general economic and\nmarket conditions; (v) sufficiency of working capital and access to financing;\n(vi) HEALWELL's ability to comply with applicable laws and regulations; (vii)\nHEALWELL's continued compliance with third party intellectual property rights;\n(viii) the effects of competition in the industry; (ix) technologies working\nas intended or at all; and (x) that the risk factors noted below,\ncollectively, do not have a material impact on HEALWELL's business,\noperations, revenues and/or results. By their nature, forward-looking\nstatements are subject to inherent risks and uncertainties that may be general\nor specific and which give rise to the possibility that expectations,\nforecasts, predictions, projections, or conclusions will not prove to be\naccurate, that assumptions may not be correct, and that objectives, strategic\ngoals and priorities will not be achieved.\n\nKnown and unknown risk factors, many of which are beyond the control of\nHEALWELL, could cause the actual results of HEALWELL to differ materially from\nthe results, performance, achievements, or developments expressed or implied\nby such forward-looking statements. Such risk factors include but are not\nlimited to: (i) implementation or integration delays or failures (ii)\nunsuccessful testing or customer acceptance; (iii) incomplete, unavailable,\ninaccurate or unusable source data; (iv) inaccurate, incomplete or otherwise\ninappropriate AI-generated outputs; (v) differences between demonstration\nresults and real-world performance; (vi) low clinician or provider adoption;\n(vii) lower-than-expected usage, revenue or renewal rates; (viii) failure to\nachieve contractual milestones; (ix) customer termination, reduction or\nnon-renewal; (x) cybersecurity incidents, system outages and privacy or\nhealthcare-regulatory restrictions; (xi) dependence on third-party systems,\ninfrastructure and intellectual property; and (xii) those factors which are\ndiscussed under the section entitled \"Risk Factors\" in HEALWELL's most recent\nannual information form dated March 18, 2026, which is available under\nHEALWELL's SEDAR+ profile at www.sedarplus.ca. The risk factors are not\nintended to represent a complete list of the factors that could affect\nHEALWELL and the reader is cautioned to consider these and other factors,\nuncertainties and potential events carefully and not to put undue reliance on\nforward-looking statements. There can be no assurance that forward looking\nstatements will prove to be accurate, as actual results and future events\ncould differ materially from those anticipated in such statements.\nForward-looking statements are provided for the purpose of providing\ninformation about management's expectations and plans relating to the future.\nHEALWELL disclaims any intention or obligation to update or revise any\nforward-looking statements whether as a result of new information, future\nevents or otherwise, or to explain any material difference between subsequent\nactual events and such forward-looking statements, except to the extent\nrequired by applicable law. All of the forward-looking statements contained in\nthis press release are qualified by these cautionary statements. The financial\noutlook contained in this press release regarding the anticipated revenue from\nthis agreement is provided for the purpose of providing information about\nmanagement's current expectations regarding the revenue potential of this\nagreement and may not be appropriate for other purposes.\n\nFor more information:\nPardeep S. Sangha\nInvestor Relations, HEALWELL AI Inc.\nPhone: 604-572-6392\nir@healwell.ai\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/312358","article_body_html":"","raw_payload":{"data":{"id":"nNFC2RrY0x","title":"HEALWELL to Deploy AI-Powered SMART Search and SMART Summary Across Statewide U.S. Health Information Exchange","author":"Newsfile Corp","ticker":"AIDX","created":"2026-09-01T10:00:18.945Z","tickers":["AIDX"],"exchange":"TSX","article_body":"*\nHEALWELL, through its subsidiary Orion Health, has entered into an agreement\nwith the statewide designated Health Information Exchange of Iowa, Converge\nHealth Iowa, to deploy DARWEN™-powered SMART Search and SMART Summary.\n*\nThe agreement represents a multi-million-dollar, multi-year enterprise\nopportunity, and is expected to generate recurring revenue over its term that\nis substantial relative to the current run rate of HEALWELL's AI & Data\nSciences business unit.\n*\nSMART Search and SMART Summary are designed to reduce clinical burden on\nphysicians at the point of care, extracting relevant clinical facts from\ncomplex, longitudinal patient records with document-level traceable\nprovenance. This allows physicians to verify the source behind every extracted\nfact and make better-informed clinical decisions, rather than relying on\nunconstrained generative output.\n\nToronto, Ontario--(Newsfile Corp. - September 1, 2026) - HEALWELL AI\nInc. (TSX: AIDX) (OTCQX: HWAIF) (\"HEALWELL\" or the \"Company\"), a healthcare\nartificial intelligence company focused on preventative care, today announced\nthat it has entered into an agreement with Converge Health Iowa, Iowa's\ndesignated statewide Health Information Exchange (\"HIE\") and an existing Orion\nHealth customer, to deploy the DARWEN™-powered SMART Search and SMART\nSummary solutions across Iowa's statewide HIE infrastructure, which currently\nreceives data from 115 hospitals and is designed to support healthcare\nproviders and organizations statewide. The agreement represents a\nmulti-million-dollar, multi-year enterprise contract, and is expected to\ngenerate recurring revenue over its term that is substantial relative to the\ncurrent run rate of HEALWELL's AI & Data Sciences business unit.\n\nBeyond the commercial value of the agreement, the deployment represents an\nopportunity to bring HEALWELL's AI-powered clinical search and summarization\ncapabilities to an entire U.S. state through a statewide health information\nexchange supporting millions of patients and connecting healthcare providers\nacross the network. The implementation is expected to make SMART Search and\nSMART Summary available to authorized clinicians across the network helping\nthem more efficiently locate and review relevant information within\nlongitudinal patient records.\n\nJames Lee, Chief Executive Officer of HEALWELL, commented, \"This agreement is\na proof point for the strategy at the core of how we are scaling HEALWELL. We\nbuilt the Orion Health relationship to give us a large, trusted footprint\ninside global health systems, and this is exactly the kind of repeatable\ncross-sell we set out to unlock, taking an existing infrastructure\nrelationship and expanding it into higher-value AI. It demonstrates our\nintention to move quickly from data connectivity to clinical value, and it's a\ntemplate we intend to repeat across Orion Health's broader enterprise customer\nbase. Once inside, SMART Search and SMART Summary address a problem every\nclinician feels, spending too much time digging through fragmented,\nlongitudinal records instead of focused on patient care, and they do it in a\nway that keeps every output traceable back to the source. That combination, a\nrepeatable go-to-market motion paired with genuine clinical utility, is\ncentral to how we think about scaling HEALWELL's AI business.\"\n\n\"A statewide HIE can bring together an extraordinary amount of information,\nbut connectivity alone isn't enough,\" said Laura Young, Executive Director of\nConverge Health Iowa. \"Our goal is to make that information genuinely useful\nto the people delivering care. These SMART tools are expected to help\nclinicians more quickly identify the information that matters within a\nlongitudinal record while preserving the ability to trace that information\nback to its source. That is an important next step in making statewide\ninteroperability more actionable.\"\n\nClinicians today spend a significant portion of their time manually sifting\nthrough increasingly complex, longitudinal patient records to locate the\ninformation relevant to a single encounter. SMART Search and SMART Summary are\ndesigned to close that gap, surfacing relevant clinical information in seconds\nrather than requiring manual chart review. What sets the underlying DARWEN™\ntechnology apart is its intended traceability: every output is designed to\nlink back to its source information, rather than relying on the unconstrained\ngenerative output common to many AI tools, a distinction that matters directly\nin clinical settings where accuracy and auditability are non-negotiable.\n\nThe potential clinical and workflow benefits of SMART Summary were evaluated\nin a February 2026 Canada Health Infoway demonstration involving 50 clinicians\nacross two electronic medical record environments. In that demonstration, 84%\nof participating clinicians indicated that they believed SMART Summary could\nsave them time, while 90% rated its usability 4 or 5 out of 5, 85% rated its\naccuracy 4 or 5 out of 5, and 79% indicated that they would recommend the\nsolution to colleagues.\n\nThe Canada Health Infoway demonstration also highlighted the scale of the\ninformation burden that SMART Summary is designed to address. Each summary\nconsolidated a median of seven source documents, with as many as 41 source\ndocuments combined into a single structured summary for a complex patient.\nClinicians reported the greatest perceived value when they were unfamiliar\nwith a patient, managing complex cases or reviewing high volumes of fragmented\nclinical information.\n\nHEALWELL believes these findings may be particularly relevant to a statewide\nHIE serving millions of patients, where clinicians may need to rapidly\nunderstand a longitudinal history assembled from multiple providers,\nfacilities and care settings. Rather than requiring clinicians to manually\nnavigate numerous documents across a patient record, SMART Search and SMART\nSummary are designed to surface relevant clinical information more efficiently\nwhile maintaining traceability back to the underlying source documentation.\n\nBy combining these capabilities with Converge Health Iowa's existing Orion\nHealth infrastructure, HEALWELL expects to help transform a large-scale\nstatewide repository of connected health information into a more actionable\nclinical resource at the point of care. Across a network of this scale, even\nmodest reductions in the time required to find, review and verify relevant\ninformation have the potential to create meaningful workflow efficiencies,\nreduce chart-review burden and allow clinicians to spend more time focusing on\nthe patient, rather than clinical portals.\n\nThe agreement supports HEALWELL's strategy of cross-selling its AI\ncapabilities across Orion Health's global enterprise customer base. It builds\ndirectly on HEALWELL's previously announced health information exchange win\ncombining VeroSource and Orion Health, expanding an existing infrastructure\nrelationship into higher-value AI capabilities. Management views this as a\nproof point for a repeatable land-and-expand model, one it intends to pursue\nacross other health systems and health information exchange customers within\nthe Orion Health network, which currently represents approximately 70+\npotential HIE cross-sell and upsell opportunities.\n\nJames Lee\nChief Executive Officer\nHEALWELL AI Inc.\n\nAbout HEALWELL AI\n\nHEALWELL is a healthcare artificial intelligence company focused on\npreventative care. Its mission is to improve healthcare and save lives through\nearly identification and detection of disease. Using its own proprietary\ntechnology, the Company is developing and commercializing advanced clinical\ndecision support systems that can help healthcare providers detect rare and\nchronic diseases, improve efficiency of their practice and ultimately help\nimprove patient health outcomes. HEALWELL is executing a strategy centered\naround developing and acquiring technology and clinical sciences capabilities\nthat complement the Company's road map. HEALWELL is publicly traded on the\nToronto Stock Exchange under the symbol \"AIDX\" and on the OTC Exchange under\nthe symbol \"HWAIF\". To learn more about HEALWELL, please visit\nhttps://healwell.ai/.\n\nAbout Converge Health Iowa\n\nConverge Health Iowa is Iowa's designated statewide Health Information\nExchange, connecting health information across providers, care settings and\ncommunities to support more coordinated, informed and efficient care. Converge\nHealth Iowa is building a modern statewide health information infrastructure\ndesigned not only to make clinical information available, but to make it more\nuseful at the point of care and across the broader healthcare ecosystem.\n\nForward Looking Statements\n\nCertain statements in this press release, constitute \"forward-looking\ninformation\" and \"forward looking statements\" (collectively, \"forward looking\nstatements\") within the meaning of applicable Canadian securities laws, and\nare subject to risks and uncertainties that may cause actual results to differ\nmaterially from those contemplated by such statements. Forward-looking\nstatements in this press release include but are not limed to statements about\n(i) the anticipated deployment of SMART Search and SMART Summary across the\ncustomer's environment; (ii) the anticipated timing and amount of recurring\nand non-recurring revenue expected to be generated from the agreement; (iii)\nthe number of providers, clinicians or patients that may have access to or be\nsupported by the deployment; (iv) anticipated product performance,\ntraceability, clinical utility, time savings, workflow efficiencies and other\nbenefits (v) the Company's ability to replicate this engagement as a\nrepeatable land-and-expand model across other Orion Health enterprise\ncustomers and health information exchange relationships; and (vi) the\nCompany's ongoing strategy to cross-sell its AI capabilities across Orion\nHealth's global enterprise customer base; and are based on assumptions,\nexpectations, estimates and projections as of the date of this press release\nand should not be read as guarantees of future results or performance.\nForward-looking statements are often, but not always, identified by words or\nphrases such as \"expects\", \"intends\", \"anticipated\", \"designed to\", \"expected\nto\", \"opportunity\", \"repeatable\", \"continues to\", \"building on\", \"to deploy\"\nor variations of such words and phrases or statements that certain future\nconditions, actions, events or results \"will\", \"may\", \"could\", \"would\",\n\"should\", \"might\" or \"can\" be taken, occur or be achieved, or the negative of\nany of these terms. The absence of such words does not mean a statement is not\nforward-looking. Forward-looking statements are necessarily based upon\nmanagement's perceptions of historical trends, current conditions and expected\nfuture developments, as well as a number of specific factors and assumptions\nthat, while considered reasonable by HEALWELL as of the date of such\nstatements, are outside of HEALWELL's control and are inherently subject to\nsignificant business, economic and competitive uncertainties and contingencies\nwhich could result in the forward-looking statements ultimately being entirely\nor partially incorrect or untrue. Forward looking statements contained in this\npress release are based on various assumptions, including, but not limited to,\nthe following: (i) HEALWELL's ability to maintain its relationship with the\ncustomer described herein and with Orion Health's broader enterprise customer\nbase; (ii) the customer's continued deployment and adoption of SMART Search\nand SMART Summary as contemplated; (iii) HEALWELL's ability to leverage its\nrelationships with other customers, including to expand service offerings and\ncreate cross-selling opportunities; (iv) the stability of general economic and\nmarket conditions; (v) sufficiency of working capital and access to financing;\n(vi) HEALWELL's ability to comply with applicable laws and regulations; (vii)\nHEALWELL's continued compliance with third party intellectual property rights;\n(viii) the effects of competition in the industry; (ix) technologies working\nas intended or at all; and (x) that the risk factors noted below,\ncollectively, do not have a material impact on HEALWELL's business,\noperations, revenues and/or results. By their nature, forward-looking\nstatements are subject to inherent risks and uncertainties that may be general\nor specific and which give rise to the possibility that expectations,\nforecasts, predictions, projections, or conclusions will not prove to be\naccurate, that assumptions may not be correct, and that objectives, strategic\ngoals and priorities will not be achieved.\n\nKnown and unknown risk factors, many of which are beyond the control of\nHEALWELL, could cause the actual results of HEALWELL to differ materially from\nthe results, performance, achievements, or developments expressed or implied\nby such forward-looking statements. Such risk factors include but are not\nlimited to: (i) implementation or integration delays or failures (ii)\nunsuccessful testing or customer acceptance; (iii) incomplete, unavailable,\ninaccurate or unusable source data; (iv) inaccurate, incomplete or otherwise\ninappropriate AI-generated outputs; (v) differences between demonstration\nresults and real-world performance; (vi) low clinician or provider adoption;\n(vii) lower-than-expected usage, revenue or renewal rates; (viii) failure to\nachieve contractual milestones; (ix) customer termination, reduction or\nnon-renewal; (x) cybersecurity incidents, system outages and privacy or\nhealthcare-regulatory restrictions; (xi) dependence on third-party systems,\ninfrastructure and intellectual property; and (xii) those factors which are\ndiscussed under the section entitled \"Risk Factors\" in HEALWELL's most recent\nannual information form dated March 18, 2026, which is available under\nHEALWELL's SEDAR+ profile at www.sedarplus.ca. The risk factors are not\nintended to represent a complete list of the factors that could affect\nHEALWELL and the reader is cautioned to consider these and other factors,\nuncertainties and potential events carefully and not to put undue reliance on\nforward-looking statements. There can be no assurance that forward looking\nstatements will prove to be accurate, as actual results and future events\ncould differ materially from those anticipated in such statements.\nForward-looking statements are provided for the purpose of providing\ninformation about management's expectations and plans relating to the future.\nHEALWELL disclaims any intention or obligation to update or revise any\nforward-looking statements whether as a result of new information, future\nevents or otherwise, or to explain any material difference between subsequent\nactual events and such forward-looking statements, except to the extent\nrequired by applicable law. All of the forward-looking statements contained in\nthis press release are qualified by these cautionary statements. The financial\noutlook contained in this press release regarding the anticipated revenue from\nthis agreement is provided for the purpose of providing information about\nmanagement's current expectations regarding the revenue potential of this\nagreement and may not be appropriate for other purposes.\n\nFor more information:\nPardeep S. Sangha\nInvestor Relations, HEALWELL AI Inc.\nPhone: 604-572-6392\nir@healwell.ai\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/312358"},"type":"article","timestamp":"2026-09-01T10:00:18.998829Z","server_sent_at_ms":1788256818998},"received_at":"2026-09-01T10:00:19.086Z","source_url":"https://www.newsfilecorp.com/release/312358"},"analysis":{"id":"121031","press_release_id":"132132","analysis_json":{"industry":{"label":"Health Care Technology","sector":"Health Care"},"redFlags":["Deal value is qualitative ('multi-million-dollar') with no specific dollar amount disclosed","Revenue impact is described as 'substantial relative to run rate' without providing the specific run rate baseline"],"eventType":"operations_update","narrative":"HEALWELL signed a multi-year agreement with Converge Health Iowa, the state's designated Health Information Exchange, to deploy its AI-powered SMART Search and SMART Summary tools statewide.\n\nThe contract is valued as a multi-million-dollar opportunity expected to generate recurring revenue that is substantial relative to the current run rate of HEALWELL's AI & Data Sciences business unit.\n\nThe deployment will cover an infrastructure connecting 115 hospitals and serves as a proof point for HEALWELL's strategy to cross-sell AI capabilities across Orion Health's global enterprise customer base.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Material contract win validates HEALWELL's land-and-expand AI strategy with recurring revenue tailwinds."},"keyFigures":{"customDimensions":{"demo_participants":50,"hospitals_connected":115,"recommendation_percent":79,"cross_sell_opportunities":"70+","accuracy_rating_high_percent":85,"usability_rating_high_percent":90,"time_saving_perception_percent":84}},"quotedText":"This agreement is a proof point for the strategy at the core of how we are scaling HEALWELL. We built the Orion Health relationship to give us a large, trusted footprint inside global health systems, and this is exactly the kind of repeatable cross-sell we set out to unlock","namedEntities":{"people":[{"name":"James Lee","role":"Chief Executive Officer"},{"name":"Laura Young","role":"Executive Director of Converge Health Iowa"},{"name":"Pardeep S. Sangha","role":"Investor Relations"}],"products":["SMART Search","SMART Summary","DARWEN","VeroSource"],"companies":[{"name":"HEALWELL AI Inc.","ticker":"AIDX"},{"name":"Orion Health","relationship":"subsidiary"},{"name":"Converge Health Iowa","relationship":"customer"},{"name":"Canada Health Infoway","relationship":"partner"}],"dollarAmounts":[{"amount":"multi-million-dollar","context":"value of the multi-year enterprise opportunity"}]},"materialImpact":{"score":4,"reasoning":"Multi-year, multi-million-dollar enterprise contract expected to generate recurring revenue substantial relative to the AI unit's current run rate. 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Sangha","role":"Investor Relations"}],"products":["SMART Search","SMART Summary","DARWEN","VeroSource"],"companies":[{"name":"HEALWELL AI Inc.","ticker":"AIDX"},{"name":"Orion Health","relationship":"subsidiary"},{"name":"Converge Health Iowa","relationship":"customer"},{"name":"Canada Health Infoway","relationship":"partner"}],"dollarAmounts":[{"amount":"multi-million-dollar","context":"value of the multi-year enterprise opportunity"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-01T10:06:45.640Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"material-contract-win","sectorWeight":"healthcare-it"}},"durationMs":106078,"modelName":"glm-4.7"}}