WELL's Subsidiary Wisp Launches Comprehensive Weight Care Vertical Inclusive of GLP-1 Medications to Support Women Struggling with Hormonal Imbalances

Rhea-AI Summary

WELL Health Technologies Corp.'s subsidiary Wisp, the largest dedicated women's telehealth provider in the U.S., has launched a new weight care vertical. This expansion includes:

• Personalized online consultations with access to four weight care solutions, including GLP-1 medications
• Introduction of Wisp's first exclusive over-the-counter weight-loss supplement
• Support for women struggling with hormonal conditions such as perimenopause, menopause, PCOS, and endometriosis

Wisp now serves over 1.2 million patients and offers GLP-1 medications and supplements via pharmacy pickup or free delivery. The program includes educational content and monthly check-ins. Wisp has also strengthened its menopause solutions, addressing the healthcare gap for over 2 million women experiencing menopause annually.

Positive

• Launch of new weight care vertical, expanding Wisp's service offerings
• Introduction of GLP-1 medications and exclusive over-the-counter weight-loss supplement
• Wisp now serves over 1.2 million patients
• Strengthened menopause solutions addressing healthcare gap for 2 million women annually
• Expansion of comprehensive care offerings for women's health issues

Negative

• None.

• Wisp debuts its first-ever exclusive over-the-counter weight-loss supplement, designed to promote women's metabolic health.
• Wisp introduces personalized, online consultations with access to four weight care solutions, including GLP-1 medications, to support women struggling with hormonal conditions such as perimenopause, menopause, Polycystic Ovary Syndrome (PCOS), and endometriosis.
• With over 1.2 million patients, Wisp Now Also Bolsters its Menopause Solutions, Empowering Women Through All Major Stages of Their Healthcare Journey

VANCOUVER, BC and TORONTO, Oct. 17, 2024 /PRNewswire/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) ("WELL" or the "Company"), a digital healthcare company focused on improving health outcomes through technology and empowering healthcare providers globally, is pleased to announce the launch of a new weight care vertical by its majority-owned subsidiary, Wisp, the largest dedicated women's telehealth provider in the U.S. With Wisp now serving over 1.2 million patients, this expansion represents a pivotal step forward in addressing critical health needs related to hormonal imbalances and weight management for women.

Through this launch, Wisp introduces personalized, online consultations with access to four weight care solutions, including GLP-1 medications, to support women struggling with hormonal conditions such as perimenopause, menopause, Polycystic Ovary Syndrome (PCOS), and endometriosis. Additionally, Wisp debuts its first-ever exclusive over-the-counter weight care capsules, designed to promote women's metabolic health.

"Wisp is committed to providing sustainable support for women's weight loss journeys, addressing a critical yet overlooked aspect of women's health," said Monica Cepak, CEO of Wisp. "As the dialogue around obesity evolves, we recognize that underlying conditions — especially hormonal imbalances linked to perimenopause and menopause — remain under-researched, underdiagnosed, and undertreated. With these new offerings, we're proud to continue expanding access to comprehensive care, offering tailored solutions for every woman and every condition at every price point."

"The launch of Wisp's weight care vertical taps into the transformative potential of GLP-1 therapies," said Hamed Shahbazi, Founder and CEO of WELL. "These treatments are reshaping healthcare by addressing weight management while enhancing metabolic health and alleviating hormonal challenges. For women experiencing conditions like PCOS, perimenopause, and menopause, GLP-1s open doors to improved health outcomes and a better quality of life. By integrating these therapies into Wisp's offerings, we are delivering personalized care at scale and positioning ourselves at the leading edge of women's healthcare innovation."

Starting today, Wisp offers GLP-1 medications and supplements via pharmacy pickup or free, discreet delivery, following an online health consultation with a licensed provider. The program also includes educational content and monthly check-ins to ensure effective support throughout the patient's journey. Wisp's weight care program includes:

• Semaglutide (FDA-approved Wegovy^®): Subcutaneous injectable medication
• Compounded Semaglutide: Subcutaneous and sublingual options
• Metabolic Support & GLP-1 Boost Capsules: Natural supplement with key ingredients such as:
• Eriomin^®: Supports insulin function and healthy glucose levels
• Actiz!ng^™ (Black Ginger Extract): Boosts calorie burn and reduces abdominal fat
• GlucoVantage^® Dihydroberberine: Aids in body composition and blood sugar management
• PoZibio™ (Lactobacillus paracasei): Promotes gut health and metabolic function

In tandem with this launch, Wisp strengthens its menopause solutions, addressing the healthcare gap for the over 2 million women experiencing menopause annually. New offerings include Estriol Face Cream and hormone replacement therapies such as Transdermal Estradiol Patches, Oral Micronized Progesterone Capsules, and Provera Tablets.

These initiatives reflect Wisp's commitment to providing affordable, inclusive healthcare for women, complementing WELL's strategic vision of expanding access to high-quality care. Wisp's upcoming plans also include new at-home diagnostics and treatment options in STI, fertility, menopause, and weight care categories, further solidifying its leadership in digital women's health.

For more information about Wisp, visit www.hellowisp.com.

About WELL Health Technologies Corp.

WELL's mission is to tech-enable healthcare providers. We do this by developing the best technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. WELL's comprehensive healthcare and digital platform includes extensive front and back-office management software applications that help physicians run and secure their practices. WELL's solutions enable more than 37,000 healthcare providers between the US and Canada and power the largest owned and operated healthcare ecosystem in Canada with more than 180 clinics supporting primary care, specialized care, and diagnostic services. In the United States WELL's solutions are focused on specialized markets such as the gastrointestinal market, women's health, primary care, and mental health. WELL is publicly traded on the Toronto Stock Exchange under the symbol "WELL" and on the OTC Exchange under the symbol "WHTCF". To learn more about WELL, please visit: www.well.company. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/wells-subsidiary-wisp-launches-comprehensive-weight-care-vertical-inclusive-of-glp-1-medications-to-support-women-struggling-with-hormonal-imbalances-302278979.html

SOURCE WELL Health Technologies Corp.

FAQ

What new services has Wisp launched for weight management?

Wisp has launched a new weight care vertical that includes personalized online consultations, access to four weight care solutions including GLP-1 medications, and an exclusive over-the-counter weight-loss supplement.

How many patients does Wisp currently serve?

Wisp now serves over 1.2 million patients.

What hormonal conditions does Wisp's new weight care vertical address?

Wisp's new weight care vertical supports women struggling with hormonal conditions such as perimenopause, menopause, Polycystic Ovary Syndrome (PCOS), and endometriosis.

What menopause solutions has Wisp introduced?

Wisp has strengthened its menopause solutions by introducing Estriol Face Cream and hormone replacement therapies such as Transdermal Estradiol Patches, Oral Micronized Progesterone Capsules, and Provera Tablets.

How does this expansion affect WELL Health Technologies Corp. (WHTCF)?

This expansion aligns with WELL's strategic vision of expanding access to high-quality care and positions the company at the leading edge of women's healthcare innovation.