- HEALWELL, through its subsidiary Orion Health, has entered into an agreement with the statewide designated Health Information Exchange of Iowa, Converge Health Iowa, to deploy DARWEN™-powered SMART Search and SMART Summary.
- The agreement represents a multi-million-dollar, multi-year enterprise opportunity, and is expected to generate recurring revenue over its term that is substantial relative to the current run rate of HEALWELL’s AI & Data Sciences business unit.
- SMART Search and SMART Summary are designed to reduce clinical burden on physicians at the point of care, extracting relevant clinical facts from complex, longitudinal patient records with document-level traceable provenance. This allows physicians to verify the source behind every extracted fact and make better-informed clinical decisions, rather than relying on unconstrained generative output.
TORONTO, ON, September 1, 2026 — HEALWELL AI Inc. (“HEALWELL” or the “Company”) (TSX: AIDX) (OTCQX: HWAIF), a healthcare artificial intelligence company focused on preventative care, today announced that it has entered into an agreement with Converge Health Iowa, Iowa’s designated statewide Health Information Exchange (“HIE”) and an existing Orion Health customer, to deploy the DARWEN™-powered SMART Search and SMART Summary solutions across Iowa’s statewide HIE infrastructure, which currently receives data from 115 hospitals and is designed to support healthcare providers and organizations statewide. The agreement represents a multi-million-dollar, multi-year enterprise contract, and is expected to generate recurring revenue over its term that is substantial relative to the current run rate of HEALWELL’s AI & Data Sciences business unit.
Beyond the commercial value of the agreement, the deployment represents an opportunity to bring HEALWELL’s AI-powered clinical search and summarization capabilities to an entire U.S. state through a statewide health information exchange supporting millions of patients and connecting healthcare providers across the network. The implementation is expected to make SMART Search and SMART Summary available to authorized clinicians across the network helping them more efficiently locate and review relevant information within longitudinal patient records.
James Lee, Chief Executive Officer of HEALWELL, commented, “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, taking an existing infrastructure relationship and expanding it into higher-value AI. It demonstrates our intention to move quickly from data connectivity to clinical value, and it’s a template we intend to repeat across Orion Health’s broader enterprise customer base. Once inside, SMART Search and SMART Summary address a problem every clinician feels, spending too much time digging through fragmented, longitudinal records instead of focused on patient care, and they do it in a way that keeps every output traceable back to the source. That combination, a repeatable go-to-market motion paired with genuine clinical utility, is central to how we think about scaling HEALWELL’s AI business.”
“A statewide HIE can bring together an extraordinary amount of information, but connectivity alone isn’t enough,” said Laura Young, Executive Director of Converge Health Iowa. “Our goal is to make that information genuinely useful to the people delivering care. These SMART tools are expected to help clinicians more quickly identify the information that matters within a longitudinal record while preserving the ability to trace that information back to its source. That is an important next step in making statewide interoperability more actionable.”
Clinicians today spend a significant portion of their time manually sifting through increasingly complex, longitudinal patient records to locate the information relevant to a single encounter. SMART Search and SMART Summary are designed to close that gap, surfacing relevant clinical information in seconds rather than requiring manual chart review. What sets the underlying DARWEN™ technology apart is its intended traceability: every output is designed to link back to its source information, rather than relying on the unconstrained generative output common to many AI tools, a distinction that matters directly in clinical settings where accuracy and auditability are non-negotiable.
The potential clinical and workflow benefits of SMART Summary were evaluated in a February 2026 Canada Health Infoway demonstration involving 50 clinicians across two electronic medical record environments. In that demonstration, 84% of participating clinicians indicated that they believed SMART Summary could save them time, while 90% rated its usability 4 or 5 out of 5, 85% rated its accuracy 4 or 5 out of 5, and 79% indicated that they would recommend the solution to colleagues.
The Canada Health Infoway demonstration also highlighted the scale of the information burden that SMART Summary is designed to address. Each summary consolidated a median of seven source documents, with as many as 41 source documents combined into a single structured summary for a complex patient. Clinicians reported the greatest perceived value when they were unfamiliar with a patient, managing complex cases or reviewing high volumes of fragmented clinical information.
HEALWELL believes these findings may be particularly relevant to a statewide HIE serving millions of patients, where clinicians may need to rapidly understand a longitudinal history assembled from multiple providers, facilities and care settings. Rather than requiring clinicians to manually navigate numerous documents across a patient record, SMART Search and SMART Summary are designed to surface relevant clinical information more efficiently while maintaining traceability back to the underlying source documentation.
By combining these capabilities with Converge Health Iowa’s existing Orion Health infrastructure, HEALWELL expects to help transform a large-scale statewide repository of connected health information into a more actionable clinical resource at the point of care. Across a network of this scale, even modest reductions in the time required to find, review and verify relevant information have the potential to create meaningful workflow efficiencies, reduce chart-review burden and allow clinicians to spend more time focusing on the patient, rather than clinical portals.
The agreement supports HEALWELL’s strategy of cross-selling its AI capabilities across Orion Health’s global enterprise customer base. It builds directly on HEALWELL’s previously announced health information exchange win combining VeroSource and Orion Health, expanding an existing infrastructure relationship into higher-value AI capabilities. Management views this as a proof point for a repeatable land-and-expand model, one it intends to pursue across other health systems and health information exchange customers within the Orion Health network, which currently represents approximately 70+ potential HIE cross-sell and upsell opportunities.
James Lee
Chief Executive Officer
HEALWELL AI Inc.
About HEALWELL AI
HEALWELL is a healthcare artificial intelligence company focused on 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/.
About Converge Health Iowa
Converge Health Iowa is Iowa’s designated statewide Health Information Exchange, connecting health information across providers, care settings and communities to support more coordinated, informed and efficient care. Converge Health Iowa is building a modern statewide health information infrastructure designed not only to make clinical information available, but to make it more useful at the point of care and across the broader healthcare ecosystem.
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, and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated by such statements. Forward-looking statements in this press release include but are not limed to statements about (i) the anticipated deployment of SMART Search and SMART Summary across the customer’s environment; (ii) the anticipated timing and amount of recurring and non-recurring revenue expected to be generated from the agreement; (iii) the number of providers, clinicians or patients that may have access to or be supported by the deployment; (iv) anticipated product performance, traceability, clinical utility, time savings, workflow efficiencies and other benefits (v) the Company’s ability to replicate this engagement as a repeatable land-and-expand model across other Orion Health enterprise customers and health information exchange relationships; and (vi) the Company’s ongoing strategy to cross-sell its AI capabilities across Orion Health’s global enterprise customer base; and are based on assumptions, expectations, estimates and projections as of the date of this press release and should not be read as guarantees of future results or performance. Forward-looking statements are often, but not always, identified by words or phrases such as “expects”, “intends”, “anticipated”, “designed to”, “expected to”, “opportunity”, “repeatable”, “continues to”, “building on”, “to deploy” 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. The absence of such words does not mean a statement is not forward-looking. 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: (i) HEALWELL’s ability to maintain its relationship with the customer described herein and with Orion Health’s broader enterprise customer base; (ii) the customer’s continued deployment and adoption of SMART Search and SMART Summary as contemplated; (iii) HEALWELL’s ability to leverage its relationships with other customers, including to expand service offerings and create cross-selling opportunities; (iv) the stability of general economic and market conditions; (v) sufficiency of working capital and access to financing; (vi) HEALWELL’s ability to comply with applicable laws and regulations; (vii) HEALWELL’s continued compliance with third party intellectual property rights; (viii) the effects of competition in the industry; (ix) technologies working as intended or at all; and (x) 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: (i) implementation or integration delays or failures (ii) unsuccessful testing or customer acceptance; (iii) incomplete, unavailable, inaccurate or unusable source data; (iv) inaccurate, incomplete or otherwise inappropriate AI-generated outputs; (v) differences between demonstration results and real-world performance; (vi) low clinician or provider adoption; (vii) lower-than-expected usage, revenue or renewal rates; (viii) failure to achieve contractual milestones; (ix) customer termination, reduction or non-renewal; (x) cybersecurity incidents, system outages and privacy or healthcare-regulatory restrictions; (xi) dependence on third-party systems, infrastructure and intellectual property; and (xii) those factors which are discussed under the section entitled “Risk Factors” in HEALWELL’s most recent annual information form dated March 18, 2026, which is available under HEALWELL’s SEDAR+ profile at www.sedarplus.ca. 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. The financial outlook contained in this press release regarding the anticipated revenue from this agreement is provided for the purpose of providing information about management’s current expectations regarding the revenue potential of this agreement and may not be appropriate for other purposes.
For more information:
Pardeep S. Sangha
Investor Relations, HEALWELL AI Inc.
Phone: 604-572-6392
ir@healwell.ai