The recent divestment of Amwell Psychiatric Care (APC) to Avel eCare underscores the rapidly evolving landscape of telemedicine services.
Amwell, a global innovator in digital care, focuses on key growth areas to improve efficiency. The company is dedicated to helping its clients achieve their digital care goals using a unified platform.
By divesting APC, the telehealth firm reinforces its commitment to flexibility and its ability to provide tailored digital care solutions that directly address the unique needs of its diverse client base.
Ido Schoenberg, M.D., Amwell’s chairman and CEO, emphasized that this move will allow the company to sharpen its focus on expanding the growth-driving software contribution within its product mix.
Key Takeaways
Amwell divests its psychiatric care unit to Avel eCare, allowing it to focus on expanding its software contributions and enhancing telemedicine services.
- Amwell’s divestment of Amwell Psychiatric Care (APC) to Avel eCare enables the company to sharpen its focus on growth-driving software contributions within its product mix.
- The acquisition by Avel eCare strengthens Amwell’s balance sheet, allowing it to concentrate on advancing its unified digital care platform and offering high-quality health services.
- Amwell’s technology revolutionizes telemedicine services with high-quality video conferencing and real-time data transmission, ultimately enhancing the availability of lower-cost, higher-quality medical care.
Innovations in virtual care
Amwell’s technology revolutionizes telemedicine services by enabling high-quality video conferencing and real-time data transmission.
Its comprehensive hybrid care system establishes a unified framework for connecting healthcare stakeholders, ultimately enhancing the availability of lower-cost, higher-quality medical care for all parties involved.
With nearly two decades of experience powering digital care for over 50 health plans and numerous large health systems, the company is well-positioned to lead in this new frontier.
Shaping the future of virtual care
Avel eCare, the company that acquired Amwell Psychiatric Care, has been delivering exceptional telemedicine services to diverse communities for over three decades.
With a broad service portfolio that includes emergency medicine, intensive care, pharmacy services, and mental health, the telemedicine firm is a valuable partner for supporting Amwell’s growth and strategic goals.
The sale of APC to Avel eCare has significantly strengthened the healthcare technology company’s balance sheet, enabling the company to concentrate on advancing its unified digital care platform.
Amid the growing demand for virtual healthcare options, Amwell remains committed to offering high-quality health services.
