Ready for Healthcare AI? Put WELL Health Technologies Plus 2 More on Your Watchlist

Three Canadian companies are sound investment options as AI adoption in the healthcare sector accelerates.

| More on:
Key Points
  • WELL Health (TSX:WELL) — a $1B digital‑health platform scaling AI‑powered SaaS, virtual care and clinic networks (owns ~69% of Healwell AI), driving strong revenue growth and international reach.
  • Healwell AI (TSX:AIDX) and VitalHub (TSX:VHI) — AIDX is a pure‑play AI diagnostics hopeful while VHI delivers operational EHR and workforce AI (ARR +75%), together offering complementary clinical and systems‑level AI exposure.
  • 5 stocks our experts like better than [WELL Health] >

Artificial intelligence (AI) is tasked with solving complex problems and performing the tasks humans do. While adoption is already sky-high in the technology, finance, manufacturing, and retail sectors, the Canadian healthcare tech landscape is ready for a similar transformation.

With adoption expected to rise from moderate to very high, investors should include WELL Health Technologies (TSX: WELL), Healwell AI (TSX: AIDX), and VitalHub (TSX: VHI) on their watchlists. These three companies should be the primary drivers of the AI revolution in healthcare in 2026.

doctor uses telehealth

Source: Getty Images

Mother Ship

WELL Health Technologies is an aggressive AI play, if not the mother ship in healthcare AI. The $1 billion digital health technology company owns and operates primary healthcare facilities in Canada and the United States. It provides Software-as-a-Solution (SaaS) Electronic Medical Record (EMR) services to clinics and doctors in Canada, as well as Virtual Care and patient engagement solution providers.

Its founder, Chairman, and CEO, Hamed Shabazi, said, “Over the last few years, we have added significant scale to WELL’s business and increased our leadership position as the preeminent end-to-end healthcare company in Canada, while our US businesses continue to flourish in their respective sectors.”

Healthcare providers can join the WELL health clinic network or purchase technology solutions. Either way, the result should be improved clinic efficiency and health outcomes.

In the first three quarters of 2025, revenue rose 48% year-over-year to $1 billion, while operating income reached $51.9 million compared the $5.1 million operating loss from a year ago. WELL has increased its depth in delivering the best in provider-focused technologies following a pair of strategic acquisitions.

In addition to North America, WELL can deliver at scale to large enterprises and public sector clients in Australia, France, New Zealand, Spain, Saudi Arabia, the UK, and the UAE.

Pure-play AI diagnostics

WELL Health has a 69% ownership stake in Healwell AI. The $272 million healthcare AI company focuses on preventive care. It is developing tools to help healthcare providers detect rare and chronic diseases. The two main segments, AI and data science and healthcare software, work together to advance healthcare for patients.

Market analysts say Healwell is an alternative to buying the whole WELL Health ecosystem. Instead, you’d be investing in a pure-play AI diagnostics firm. Regarding share prices, WELL and AIDX trade at $3.99 and $0.87 per share, respectively.

Operational AI

Vitalhub ranked 18th in the 2025 TSX30 List, the flagship program for the 30 top-performing companies. The $552.3 million software company offers a comprehensive product suite, from electronic health records and operational intelligence to workforce automation solutions. If you invest today, the share price is $8.77. The overall return of this growth stock in three years is 248%-plus.

Under its two-pronged growth strategy, Vitalhub will aggressively pursue mergers and acquisitions (M&A) to consolidate niche healthcare tech providers, particularly in Canada and the U.K. The 75% year-over-year increase in annual recurring revenue (ARR) to $93.7 million in the first three quarters of 2025 reflects a positive growth outlook.

Heavy AI utilization

WELL Health, Healwell AI, and VitalHub heavily utilize AI to build a more resilient, efficient healthcare system. The success of their technologies will drive their stock prices higher.

Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Vitalhub. The Motley Fool has a disclosure policy.

More on Tech Stocks

Young Boy with Jet Pack Dreams of Flying
Tech Stocks

Canada’s Aerospace Boom Could Be Just Getting Started: Here’s the Stock I’d Buy

Canada’s aerospace hub in Montreal could benefit from surging global defence budgets, and CAE may be a key way to…

Read more »

A worker gives a business presentation.
Tech Stocks

OpenText Stock Is Down 42%: Here’s Why I’d Buy it After Canada’s Investment Summit

AI hype is everywhere, but OpenText could be the unflashy data “plumbing” that makes corporate AI actually work.

Read more »

Young Boy with Jet Pack Dreams of Flying
Tech Stocks

MDA Space Stock: How This Canadian Company Became a Space Sector Standout

MDA Space stock combines proven Canadian technology, a $4 billion backlog, and strong growth across satellites, robotics, and geointelligence.

Read more »

trends graph charts data over time
Tech Stocks

Celestica Stock Has Been on a Roller Coaster the Past Month: What’s Going On?

Celestica stock keeps swinging wildly. Here's what's really driving the volatility, and why the AI hardware maker's fundamentals still look…

Read more »

diversification and asset allocation are crucial investing concepts
Tech Stocks

The Market Has Punished This Stock Enough: I’d Buy Before Sentiment Turns

Constellation stock faced a significant downturn this September. Discover why the market is reacting to leadership changes and tariffs.

Read more »

Rocket lift off through the clouds
Tech Stocks

Nova Scotia Just Pitched 20 Projects to the World, and 1 Stock Could Win Big

Nova Scotia brought a menu of “investment-ready” mega projects to global capital, and MDA Space offers a TSX-listed way to…

Read more »

space ship model takes off
Tech Stocks

Canada’s Aerospace Boom is Taking Off: Here’s the TSX Stock to Buy Now

Canada’s aerospace boom is being fuelled by a new wave of defence spending, and Bombardier could be a direct TSX…

Read more »

A microchip in a circuit board powers artificial intelligence.
Tech Stocks

Celestica Stock Has Basically Doubled in the Past Year: Is It Too Late to Buy?

While dilution and a potential slowdown in AI spending remain risks, Celestica’s diversified business offers some protection.

Read more »