VISIOMED GROUP – Visiomed Group enters into exclusive discussions with a view to merging its subsidiary BewellConnect and Whealthy Care Solutions (WCS) – 15.11.2022 – 6:30 pm

Paris, November 15, 2022

VISIOMED GROUP (FR0013481835 – ALVMG), a group dedicated to innovative health technologies and services, and the shareholders of Whealthy Care Solutions (WCS) signed today an agreement confirming their entry into exclusive negotiations for a merger between WCS and BewellConnect and issuing the main conditions of this operation.

Whealthy Care Solutions is a key player in the marketing and deployment of connected health services based on an ecosystem of innovative technologies. The economic model of WCS is based on a “health and wellness concierge” service activity which spans around:

  1. Commercialization of innovative technological solutions;
  2. Animating this service to generate recurring revenue.

BewellConnect, a subsidiary of Visiomed Group and a pioneer in connected health and teleconsultation solutions, has been a reference technology partner of WCS for more than a year, with important successes such as the development of a health cabin offer for the Italian sales group hyper retail.[1].

This merger would mark the culmination of the strategic review launched in the spring of 2022 by Visiomed Group’s new management of its subsidiary, particularly around the study of commercial or capital partnership projects. It would take the form of a joint venture, which would be provided with all the necessary resources for its future development:

  • Contribution of WCS shareholders of WCS SRL (Italy) and WCS LLC (USA) securities companies, including in particular contracts, dynamic prospects and teams that have demonstrated significant commercial knowledge;
  • Visiomed Group’s contribution of BewellConnect titles, including in particular an ecosystem of proven products as well as technological know-how supported by the company’s teams;
  • A contribution to financing from 2 parties, allowing the implementation of the development plan of the new entity from 2023.

After these operations, Visiomed Group would own 40% of the new entity, WCS shareholders together would own 60%. Rodolphe Bioche, President and founder of Whealthy Care Solutions, will assume overall leadership of this new entity.

Completion of this transaction remains subject to the satisfactory fulfillment of standard prerequisites (agreement on all legal documentation, satisfactory conclusions of audits by the parties, etc.) and may take place before December 31, 2022.

As a reminder, BewellConnect, which has 12 employees, generated revenues of 2.4 million euros and normalized EBITDA of -0.8 million euros in the first half of 2022.

Thomas Picquette, Managing Director of Visiomed Group states: This operation would mark the beginning of a new dynamic for our two groups. We want to rely on the complementarity of knowledge and teams, their shared experience and their deep knowledge of our markets to become a standard player in connected health services. We are convinced by the vision and dynamism of Rodolphe Bioche and the motivation of all WCS and BewellConnect teams to realize this project. »

Rodolphe Bioche, President and Founder of Whealthy Care Solutions, adds: There is great complementarity between the technology assets created by the BewellConnect teams and the capacity demonstrated by WCS to create relevant service offerings. By becoming an integrated player across the value chain, we will have the tools to unlock the full potential offered by our connected health market. »

About Visiomed Group

Created in 2007, the Visiomed Group relies on a long experience in the health sector to invest in innovative health technologies and services in France and abroad.

The group now has two wholly owned subsidiaries:

  • BewellConnect, established in 2014, a pioneer in connected health and teleconsultation solutions

BewellConnect offers an enriched technological universe, both in medical devices and software, enabling the response to all telehealth use cases: enriched and assisted teleconsultation, home telemonitoring, hospital monitoring, teleexpertise, teleassistance and teleadjustment .

BewellConnect’s flagship product, VisioCheck, is 1time telemedicine station weighing less than 300g for healthcare professionals, available in case, station or modular healthcare space.

BewellConnect is now deploying its solutions in France and abroad.

  • Smart Salem, the first digital medical testing center accredited by the Dubai Ministry of Health (DHA) in the United Arab Emirates

Smart Salem’s offering is based on knowledge in medical analysis, radiology and data analysis and processing to detect nearly 35 diseases in 7 minutes in a patient (in particular HIV, hepatitis and tuberculosis) providing reliable results. , exceptional readability and patient experience powered by advanced artificial intelligence and virtual reality technologies.

Smart Salem’s “Medical Fitness Assessment” offer, resulting from this knowledge, makes it possible to obtain a residence or work visa in the space of 30 minutes.

Smart Salem is a technology platform that offers many growth opportunities, as shown by the opening of the second center in Dubai in September 2022 and the authorization received to open a third center in the first quarter of 2023.

Headquartered in Paris, Visiomed Group is listed on Euronext Growth (ALVMG). More information on, AND


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[1] Italian distribution group Iper chooses BewellConnect to create 1er Italy’s Connected Healthcare Space

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