Mental health programs are increasing rapidly across the country. In fact, about 88% of employers are increasing their investment in mental health programs, according to the 2021 Employee Wellness Industry Trends Report from Wellable. About 81% of companies are investment in stress management, and nearly 69% are investing in mindfulness and meditation. That’s beneficial for companies such as Wellteq Digital Health Inc. (CSE:WTEQ), Teladoc Health Inc. (NYSE:TDOC), Peloton Interactive (NASDAQ:PTON), 1Life Healthcare Inc. (NASDAQ:ONEM), and WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF).
“These programs have been growing in popularity in recent years, and the unique challenges created by CV-19 have only accelerated the demand. Bereavement, isolation, loss of income, and fear are triggering mental health conditions or exacerbating existing ones. Encouragingly, employers are taking notice,” according to the Wellable report, as quoted by BBC.
Look at Wellteq Digital Health Inc. (CSE:WTEQ) for example
Wellteq Digital Health Inc. is a corporate wellness platform paid for by employers, insurers, and health providers. It also provides employers and employees with actionable health recommendations, ongoing support and coaching with medical professionals.
The company just announced that management will host a webcast investor presentation on Thursday, April 15th, at 11:00 a.m. EST (8:00 a.m. PST). During the webcast, Scott Montgomery, CEO and Brian Leeners, Executive Director will present the key areas of Wellteq’s business and growth initiatives for the upcoming 12 months. Investors will also have an opportunity to ask relevant questions through an interactive Q & A portal.
To access to the webcast or to ask questions during the live event, please pre-register at the following link: https://event.webcasts.com/starthere.jsp?ei=1447256&tp_key=ee29893ad4
An archived version of the webcast and presentation will be available using the same link or on the investor relations section of the Company’s website.
Other related developments from around the markets include:
Teladoc Health Inc., the global leader in whole-person virtual care, today reported strong financial results for the fourth quarter and full year ended December 31, 2020. “As virtual care shifted to become a consumer expectation in 2020, Teladoc Health not only met the rapidly growing demand, but we transformed our company to define a new category of whole-person virtual care,” said Jason Gorevic, chief executive officer of Teladoc Health. “By accelerating our mission to transform the health care experience, we exceeded our fourth-quarter and full-year 2020 expectations and see strong momentum across our global business in 2021 as the market embraces the breadth and depth of our unique capabilities.”
Peloton Interactive, the leading interactive fitness platform, today announced that it has officially closed the acquisition of Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence. With this acquisition, Peloton establishes its U.S. manufacturing capacity, anticipates boosting research and development capabilities with Precor's highly-skilled team and accelerating Peloton's penetration of the commercial market. Peloton plans to produce connected fitness products in the United States before the end of the calendar year 2021.
1Life Healthcare Inc. announced financial results for the fourth quarter and full year ended Dec. 31, 2020. “At One Medical we are advancing on our vision to delight our communities, our members, and our enterprise clients with better health and better care, while reducing costs,” said Amir Dan Rubin, Chair & CEO of One Medical. “We have continued to see our human-centered and technology-powered model deliver impacts at scale--expanding to serve 549,000 members and more than 8,000 employer clients, and enabling more than 5 million digital and in-person interactions during 2020. Our continued momentum is further reflected in our financial results, with full year 2020 net revenue of $380 million up 38% year-over-year.”
WELL Health Technologies Corp., a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, announced it has closed the share purchase agreement dated March 7, 2021 with the shareholders of Intrahealth Systems Limited, a New Zealand company, and acquired all of the issued and outstanding shares of Intrahealth for total consideration of approximately $19,250,000. Intrahealth is a provider of enterprise class EMR and clinical healthcare software with customers in Canada, New Zealand and Australia.
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