HEALWELL AI Appoints Ian Kidson to Board of Directors
Rhea-AI Summary
HEALWELL AI (OTCQX: HWAIF) appointed Ian Kidson to its Board of Directors, effective December 10, 2025.
Kidson brings decades of financial, governance, and healthcare-related corporate leadership across public and private companies in Canada and the U.S., including roles as CFO at Docebo (2019–2021), CFO and CEO at Apollo Health Corp., EVP & CFO at Progressive Waste Solutions (before its 2016 merger with Waste Connections), and senior capital markets positions at CIBC Wood Gundy and TD Capital Mezzanine Partners. HEALWELL said his financial expertise and experience guiding organizations through growth will support its focus on early identification and detection of disease.
Positive
- Adds director with CFO experience at Docebo (2019–2021)
- Board-level CEO and CFO experience at Apollo Health Corp
- Senior finance leadership during Progressive Waste Solutions merger (2016)
Negative
- None.
News Market Reaction – HWAIF
On the day this news was published, HWAIF gained 2.67%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed but generally positive moves, with NUMIF up 12.46% and AONC, WHTCF, HLYK also positive while JNHMF is flat, suggesting HEALWELL’s move is more stock‑specific than a broad sector shift.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 06 | Earnings results | Positive | -4.6% | Record Q3‑2025 revenue and positive Adjusted EBITDA as pure‑play AI. |
| Nov 03 | Strategic divestments | Positive | -3.0% | Divestments and JV to focus on SaaS, services and AI healthcare. |
| Oct 30 | Commercial MoU | Positive | +1.9% | Orion Health MoU to advance AI‑powered healthcare in Middle East. |
| Oct 27 | Earnings notice | Neutral | -0.5% | Announcement of date and call details for Q3‑2025 results. |
| Oct 24 | Regulatory filing | Neutral | +1.7% | Amended business acquisition report for Orion Health acquisition. |
Recent history shows occasional negative reactions to fundamentally positive AI and growth news, indicating a tendency for the stock to sell off or lag on good updates.
Over the last few months, HEALWELL reported strong growth and strategic repositioning. On Nov 6, 2025, Q3‑2025 revenue reached $30.4M with positive Adjusted EBITDA, yet the stock fell 4.58%. Strategic divestments and a pure‑play AI focus announced on Nov 3, 2025 also saw a 2.99% decline. In contrast, the Orion Health MoU on Oct 28, 2025 and an amended acquisition report on Oct 24, 2025 coincided with modest gains, underscoring mixed reactions to otherwise constructive news.
Market Pulse Summary
This announcement adds an experienced former CFO and capital markets executive to HEALWELL’s board, reinforcing governance as the company positions itself as a healthcare AI and preventative care player. In light of prior milestones, including strong Q3‑2025 revenue of $30.4M and strategic divestments, investors may watch how board composition supports execution, capital allocation, and integration of past acquisitions while the stock trades well below its $1.67 52‑week high.
Key Terms
capital markets financial
AI-generated analysis. Not financial advice.
- HEALWELL appoints Ian Kidson, a seasoned executive and director with decades of financial, governance, and healthcare corporate leadership experience, to its Board of Directors to help advance the Company's mission of improving healthcare and saving lives through the early identification and detection of disease.
Toronto, Ontario--(Newsfile Corp. - December 10, 2025) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) ("HEALWELL" or the "Company"), a healthcare artificial intelligence company focused on preventative care, is pleased to announce the appointment of Ian Kidson to its Board of Directors, effective immediately.
Mr. Kidson is an experienced corporate director and senior executive with a distinguished career spanning both private and public sectors in Canada and the U.S. He currently serves on the board of directors of Lakeshore Recycling Systems, a leading waste diversion, recycling, and portable services provider in the U.S.
From 2019 to 2021, Mr. Kidson was Chief Financial Officer at Docebo Inc. (TSX: DCBO), a publicly listed global learning technology company. He also served as Chief Financial Officer and Chief Executive Officer at Apollo Health Corp. (Previously Acasta Enterprises Inc.), a TSX-listed company. Prior to Apollo, Mr. Kidson was Executive Vice President and Chief Financial Officer of Progressive Waste Solutions Ltd., a publicly traded waste management company that successfully merged with Waste Connections Inc. in 2016.
Earlier in his career, Mr. Kidson held senior leadership roles in capital markets, serving as Managing Director at CIBC Wood Gundy from 1984 to 2000 and later as Managing Director at TD Capital Mezzanine Partners from 2000 to 2011. He holds a Bachelor of Science and an MBA in Accounting and Finance from McMaster University in Hamilton, Ontario.
"We are thrilled to welcome Ian Kidson to HEALWELL's Board of Directors," said Hamed Shahbazi, Chair of HEALWELL AI. "Ian brings an exceptional track record of leadership across public companies, capital markets, and the healthcare sector. His depth of financial expertise and proven ability to guide organizations through periods of growth and transformation will be invaluable as HEALWELL continues to execute on its mission of improving healthcare through the early identification and detection of disease."
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/.
For more information:
Pardeep S. Sangha
Investor Relations, HEALWELL AI Inc.
Phone: 604-572-6392
ir@healwell.ai
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277562
FAQ
Who is Ian Kidson and why was he appointed to HEALWELL AI's board (HWAIF) on December 10, 2025?
What roles has Ian Kidson held previously that relate to HEALWELL AI's needs (HWAIF)?
When did Ian Kidson's appointment to HEALWELL AI's board become effective for HWAIF shareholders?
How might Ian Kidson's background influence HEALWELL AI's strategy for early disease detection (HWAIF)?
Where is HEALWELL AI headquartered and how is the company identified on public markets (HWAIF)?
