This morning telehealth giant Amwell snapped up digital mental health company SilverCloud Health and fellow virtual care company Conversa Health for a combined price of $320 million in cash and stocks.
Now based in Boston, Silvercloud was originally a Trinity College Dublin spinout. The startup works with providers and payers to deliver digital mental health programs for common behavioral health...
Healthcare software company Commure appointed Dr. Saurabha Bhatnagar as its new chief health officer, the company shared last week in a blog post.
Bhatnagar was most recently the chief medical officer and head of digital and technology of UnitedHealth Group. He also brings experience as a physician at Massachusetts General Hospital and a faculty member at Harvard Medical School.
As chief health...
Coming off a year of rapid growth, Amwell's traffic seems to be slowing. While still growing its revenue Y-o-Y, Amwell missed its Q1 revenue expectations, causing its stock to take a tumble in the following days. The company did, however, narrowly beat its EPS by $0.03.
It wasn't all bad news for the telemedicine company. Amwell announced that it exceeded 10 million total visits since it was...
Telehealth provider Amwell announced this week its latest virtual care platform, called Converge, designed to improve healthcare stakeholder connectivity through third-party device integrations.
Sharing the news at its annual Client Forum, Amwell said its new platform is flexible and scalable and is designed to be simple and reliable. Converge was built with an open architecture to support...
Amwell reported a total of $245.3 million in revenue during its first year on the market during its Q4 earnings call. This number represents a 65% revenue increase YoY.
The Boston-based company finished off Q4 by beating its financial expectations. It's no secret the telehealth giant has seen a bump in telehealth usage as a result of the COVID-19 pandemic.
"The pandemic, while terrible, only...
A facelift for hospital room TVs. Amwell announced today a new tech addition to the company's hospital-focused telehealth product. Specifically, the company's Hospital TV 100 kit transforms a hospital room's existing television into a two-way video conversation with virtual providers – an approach that Amwell said will allow hospitals to leverage their existing infrastructure to scale their...
Last year’s surge of digital health companies hitting the stock exchange appears to be continuing into 2021, as both Amwell and Talkspace announced public exit plans this week.
First up is Amwell, which announced Tuesday that it has created a proposed public offering to extend 11,280,647 shares of its Class A common stock to the public. Additionally, the underwriters will be given a 30-day option...
After years of telehealth investment and validation, 2020 finally saw the future of telehealth come to fruition. Across the board big telehealth companies reported a rapid adoption of the technology and financial numbers to go with it.
Amwell specifically went through a metamorphosis this year, not only seeing new market growth, but also taking the company to the public market through an IPO. ...
Digital check-in, insurance eligibility and automated patient collections technology company Clearwave today announced that it has purchased Odoro, the maker of a patient-scheduling and check-in tool. The companies did not disclose the terms of the deal, but said that they plan to integrate Odoro's scheduling technology into Clearwave's platform so that both the patient and practice can...
Amwell made its debut on the New York Stock Exchange today after announcing late Wednesday night the pricing for its upsized initial public offering of about 41.2 million shares of Class A common stock at $18 per share.
The updated pricing equates in total gross proceeds of approximately $742 million, before deducting underwriting discounts and commissions and offering expenses payable by Amwell...
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