WELL Health Technologies has acquired a minority interest Pillway, a full-service digital pharmacy that also provides e-prescription products and services.
Pillway is a modern-day digital pharmacy solution that is revolutionizing the traditional pharmacy model through the thoughtful use of technology; Pillway enhances the pharmacy experience through its e-prescription model that features free at-home medication delivery, adherence management tools and around-the-clock care.
Today announcement comes in the wake of Amazon’s recent launch of Amazon Pharmacy in the U.S. which allows customers to complete an entire pharmacy transaction online and have it delivered for free. Amazon has filed the trademark “Amazon Pharmacy” in Canada, so the pharmacy delivered space may become very competitive.
The $5 Million investment from WELL will allow Pillway to further enhance its platform and artificial intelligence (AI) offering for current users in Ontario, British Columbia and Alberta, and to expand its presence across the nation in 2021.
WELL plans to add a new Pillway ‘App’ to its apps.health marketplace for integrated EMR Apps which will allow more than 10,000 doctors and other healthcare providers in over 2,000 clinics across Canada in WELL’s OSCAR EMR network with access to Pillway’s services.
“We are excited to become a shareholder of Pillway who is reimagining the pharmacy experience into a digital one,” said Hamed Shahbazi, Chairman and CEO of WELL.
“We think the Pillway ‘App’ will be a big hit on apps.health with our network of OSCAR EMR clinics. This investment in Pillway is a continuation of WELL’s efforts to democratize access to valuable healthcare services as the overarching goal of our Digital Apps business unit is to offer a broad array of patient facing Apps and capabilities that empower patients to better manage their health and seek the best care available.”