Amwell® divests virtual psychiatric care business to Avel eCare in all-cash transaction
Amwell (NYSE: AMWL) has announced the sale of its Amwell Psychiatric Care (APC) business to Avel eCare for approximately $21M in cash, plus an additional earn-out payment. The divestment includes APC technology, personnel, and the Asana psychiatric clinical network.
The strategic move aims to sharpen Amwell's focus on key growth areas and its unified digital care platform. Through Amwell Medical Group (AMG), the company will continue providing behavioral health services, including AMG Therapy Services and SilverCloud digital behavioral health.
Amwell has reiterated its 2024 guidance, projecting:
- Revenue between $247-252 million
- Adjusted EBITDA between ($137)-($142) million
- AMG visits between 1.4-1.5 million
The company maintains its goal of achieving positive cash flow in 2026.
Amwell (NYSE: AMWL) ha annunciato la vendita della sua attività di Amwell Psychiatric Care (APC) ad Avel eCare per circa 21 milioni di dollari in contanti, più un ulteriore pagamento legato ai risultati. La dismissione include la tecnologia APC, il personale e la rete clinica psichiatrica Asana.
Questa mossa strategica mira a rafforzare il focus di Amwell su aree di crescita chiave e sulla sua piattaforma di cura digitale unificata. Attraverso l'Amwell Medical Group (AMG), l'azienda continuerà a fornire servizi di salute comportamentale, inclusi i servizi di terapia AMG e SilverCloud per la salute comportamentale digitale.
Amwell ha ribadito le sue previsioni per il 2024, proiettando:
- Un fatturato compreso tra 247-252 milioni di dollari
- Un EBITDA rettificato compreso tra (-137)-(-142) milioni di dollari
- Visite AMG tra 1,4-1,5 milioni
L'azienda mantiene il suo obiettivo di raggiungere un flusso di cassa positivo nel 2026.
Amwell (NYSE: AMWL) ha anunciado la venta de su negocio de Amwell Psychiatric Care (APC) a Avel eCare por aproximadamente 21 millones de dólares en efectivo, más un pago adicional por rendimiento. La venta incluye la tecnología de APC, el personal y la red clínica psiquiátrica Asana.
Este movimiento estratégico tiene como objetivo afinar el enfoque de Amwell en áreas clave de crecimiento y su plataforma de atención digital unificada. A través de Amwell Medical Group (AMG), la empresa continuará ofreciendo servicios de salud conductual, incluidos los Servicios de Terapia AMG y SilverCloud de salud conductual digital.
Amwell ha reiterado su guía para 2024, proyectando:
- Ingresos entre 247-252 millones de dólares
- EBITDA ajustado entre (-137)-(-142) millones de dólares
- Visitas de AMG entre 1.4-1.5 millones
La empresa mantiene su objetivo de alcanzar flujo de caja positivo en 2026.
Amwell (NYSE: AMWL)은 Amwell Psychiatric Care (APC) 사업을 Avel eCare에 약 2,100만 달러 현금 및 추가 성과 기반 지급금과 함께 판매한다고 발표했습니다. 이번 매각에는 APC 기술, 인원 및 Asana 정신과 임상 네트워크가 포함됩니다.
이 전략적 결정은 Amwell이 주요 성장 분야와 통합된 디지털 케어 플랫폼에 더욱 집중할 수 있도록 하는 것을 목표로 합니다. Amwell Medical Group (AMG)를 통해 회사는 AMG 치료 서비스 및 SilverCloud 디지털 행동 건강을 포함한 행동 건강 서비스를 계속 제공할 예정입니다.
Amwell은 2024년 전망을 재확인하며, 예측은 다음과 같습니다:
- 수익: 2억4700만~2억5200만 달러
- 조정 EBITDA: (-1억3700만)~(-1억4200만) 달러
- AMG 방문 수: 140만~150만 회
회사는 2026년까지 긍정적인 현금 흐름을 달성할 목표를 유지하고 있습니다.
Amwell (NYSE: AMWL) a annoncé la vente de son activité Amwell Psychiatric Care (APC) à Avel eCare pour environ 21 millions de dollars en espèces, plus un paiement supplémentaire en fonction des résultats. Cette cession inclut la technologie APC, le personnel et le réseau clinique psychiatrie Asana.
Ce mouvement stratégique vise à affiner l'accent d'Amwell sur les domaines de croissance clés et sa plateforme de soins numériques unifiée. Grâce à Amwell Medical Group (AMG), l'entreprise continuera à fournir des services de santé comportementale, y compris les services de thérapie AMG et la santé comportementale numérique SilverCloud.
Amwell a réaffirmé ses prévisions pour 2024, projetant :
- Un chiffre d'affaires entre 247 et 252 millions de dollars
- Un EBITDA ajusté entre (-137)-(-142) millions de dollars
- Des visites AMG entre 1,4 et 1,5 million
L'entreprise maintient son objectif d'atteindre un flux de trésorerie positif d'ici 2026.
Amwell (NYSE: AMWL) hat den Verkauf seines Unternehmens Amwell Psychiatric Care (APC) an Avel eCare für etwa 21 Millionen Dollar in bar sowie eine zusätzliche erfolgsabhängige Zahlung bekannt gegeben. Die Veräußerung umfasst APC-Technologie, Personal und das Asana-Psychiatrie-Netzwerk.
Dieser strategische Schritt zielt darauf ab, den Fokus von Amwell auf wichtige Wachstumsbereiche und die einheitliche digitale Pflegeplattform zu schärfen. Über die Amwell Medical Group (AMG) wird das Unternehmen weiterhin Verhaltensgesundheitsdienste anbieten, darunter AMG-Therapiedienste und SilverCloud digitale Verhaltensgesundheit.
Amwell hat seine Prognose für 2024 bekräftigt und erwartet:
- Einnahmen zwischen 247-252 Millionen Dollar
- Bereinigtes EBITDA zwischen (-137)-(-142) Millionen Dollar
- AMG-Besuche zwischen 1,4-1,5 Millionen
Das Unternehmen hält an seinem Ziel fest, bis 2026 einen positiven Cashflow zu erreichen.
- Sale of APC business for $21M cash plus earn-out strengthens balance sheet
- Strategic focus on core digital platform and software contribution
- Maintains 2024 revenue guidance of $247-252 million
- Projected negative Adjusted EBITDA of ($137)-($142) million for 2024
- Positive cash flow not expected until 2026
Insights
This strategic divestment of Amwell's psychiatric care business for
The deal's structure, combining upfront cash with performance-based earn-outs, provides immediate liquidity while maintaining upside potential. More importantly, this aligns with Amwell's pivot toward higher-margin software solutions and their goal of achieving positive cash flow by 2026. The focus on SilverCloud and AMG Therapy Services indicates a strategic shift toward scalable digital platforms rather than labor-intensive clinical services.
For investors, this transaction signals management's commitment to operational efficiency and portfolio optimization. The immediate cash injection bolsters the balance sheet at a important time when the company is working toward profitability. The retention of core behavioral health services through AMG suggests a balanced approach to market presence while improving operational economics.
The divestiture reflects broader industry trends where digital health companies are prioritizing platform scalability over direct service provision. By selling APC while retaining SilverCloud's digital behavioral health platform, Amwell is effectively transitioning from a hybrid service-technology model to a more focused technology-first approach.
This strategic realignment positions Amwell to better compete in the enterprise healthcare technology space, where margins and scalability are typically higher compared to direct clinical service delivery. The focus on their "unified, world class digital care platform" suggests a move toward more integrated, API-driven solutions that can be embedded into existing healthcare workflows.
The decision to maintain AMG Therapy Services while divesting psychiatric care demonstrates a nuanced understanding of market dynamics - keeping flexible, technology-enabled services while moving away from more resource-intensive specialized care delivery models. This could lead to improved operational leverage and better positioning for future growth in the digital health platform market.
Divestment of Amwell Psychiatric Care intended to focus product portfolio on key growth initiatives
Company reiterates guidance for 2024
BOSTON, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Amwell® (NYSE: AMWL), a global leader in digital care, today announced it has sold its Amwell Psychiatric Care (APC) business to Avel eCare, a national leading provider of clinician-to-clinician telehealth services.
With the divestiture of APC, a virtual psychiatric care service that Amwell purchased in 2019, Amwell continues to sharpen its focus on key growth areas, driving greater efficiencies and fulfilling clients’ digital care ambitions. Throughout its nearly 20-year history, Amwell has continuously adapted to market demands by leveraging its technology and healthcare expertise to enable clients to deliver high-quality care. The company’s decision to divest APC reinforces its culture of agility and commitment to meeting clients’ virtual care needs.
“The divestment of APC will enable us to increase focus on our unified, world class digital care platform. The transaction strengthens our balance sheet while emphasizing our focus on growing accretive software contribution in our product mix,” said Ido Schoenberg, M.D., Amwell chairman and CEO. “We’re confident Avel eCare will be a wonderful home for our APC business and will continue to offer great value to clients. Their expertise in telehealth and shared commitment to innovation make them the ideal organization to carry forward this important work. We look forward to exploring collaborative ways for Amwell and Avel to serve patients and communities together.”
Avel eCare is purchasing the APC business for approximately
Through Amwell Medical Group® (AMG), the company’s affiliated clinical partner, Amwell remains committed to delivering accessible and convenient behavioral health services, including AMG Therapy Services and SilverCloud® by Amwell digital behavioral health. AMG will continue to be integrated into the Amwell suite of digital care solutions to complement clients’ clinical staffing needs.
“This transaction enables us to place an even greater focus on our mission of connecting and empowering providers, insurers and innovators to deliver more accessible, affordable and high-quality care," said Schoenberg. “It also fortifies our confidence in our stated goal to achieve positive cash flow in 2026.”
Amwell reiterated its guidance for 2024, which calls for:
- Revenue in the range of
$247 million and$252 million - Adjusted EBITDA in the range of (
$137) million and ($142) million - AMG visits between 1.4 million and 1.5 million
About Amwell
Amwell is a leading hybrid care delivery enablement platform in the United States and globally, connecting and enabling providers, payers, patients and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that hybrid care delivery will transform healthcare. We offer a single, comprehensive platform to support all digital health needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With nearly two decades of experience, Amwell powers the digital care of more than 50 health plans, which collectively represent more than 100 million covered lives, and many of the nation’s largest health systems. For more information, please visit https://business.amwell.com/.
©2025 American Well Corporation. All rights reserved. Amwell®, SilverCloud®, Amwell Converge™, Carepoint™, Amwell Medical Group® and the Amwell logo are registered trademarks or trademarks of American Well Corporation.
About Avel eCare
Avel eCare is a national leader in telemedicine with over 30 years of experience delivering high-quality care across diverse communities. Its services span EMS, ER, Critical Care, Pharmacy, and Behavioral Health. Since launching its Behavioral Health services in 2017 and Crisis Care
in 2019, Avel has led the way in innovative healthcare solutions, providing clinician-to-clinician support and ensuring patients receive the care they need, wherever they are.
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