WELL Health Technologies Corp. said it will repurchase up to 5,416,226 common shares in a normal course issuer bid following the TSX Venture Exchange's approval.

The number of shares in the repurchase represents about 5% of the Vancouver, British Columbia-based operator of primary healthcare facilities' issued and outstanding common shares as of Oct. 11.

Well Health Technologies may buy back its shares over the next 12-month period.

The normal course issuer bid will be conducted as open market transactions through facilities of the TSX Venture Exchange or through alternative Canadian trading systems by GMP Securities LP.