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Amwell Closes Acquisitions of SilverCloud Health and Conversa Well being | Information

BOSTON–(Small business WIRE)–Aug 31, 2021–

Amwell ® (NYSE: AMWL) today announced that it has closed its acquisitions of SilverCloud Overall health and Conversa Wellness. By adding the proven longitudinal treatment and behavioral healthcare abilities of these two businesses to its digital treatment enablement system, Amwell is positioned to introduce activity changing technology that will advance the reach and impact of care teams all around the globe and will bolster the cohesion between bodily, automated and virtual treatment.

“Amwell’s strategic intent is to supply the industry’s most robust electronic care enablement system – a single that is supported with a large medical community, really clever and interactive technologies, and one particular that will position health and fitness devices and overall health designs to guide healthcare toward a future of enhanced care access and delivery that blends in-man or woman, virtual and electronic experiences,” explained Ido Schoenberg, Chairman and Co-CEO, Amwell. “Having shut these transactions, we are executing on our programs to generate superior-margin expansion by means of elevated utilization of our Converge system, the enhancement of new electronic care workflows and systems, and with the strategic enlargement of our worldwide footprint.”

To learn much more about these two acquisitions make sure you go to the Amwell Newsroom.

About Amwell

Amwell is a primary telehealth platform in the United States and globally, connecting and enabling companies, insurers, sufferers, and innovators to deliver increased obtain to far more reasonably priced, bigger quality care. Amwell believes that electronic care supply will completely transform health care. The Organization provides a single, extensive system to assistance all telehealth requires from urgent to acute and submit-acute care, as effectively as persistent treatment management and healthy living. With over a 10 years of working experience, Amwell powers telehealth methods for in excess of 2,000 hospitals and 55 well being program partners with around 36,000 employers, masking above 80 million life. For far more information, please check out https://small

American Well, Amwell, Converge and Carepoint are registered emblems or logos of American Well Company in the United States and other nations. All other trademarks used herein are the property of their respective entrepreneurs.

Forward-Hunting Statements

This press release consists of forward-on the lookout statements about us and our field that include sizeable challenges and uncertainties and are dependent on our beliefs and assumptions and on information now offered to us. All statements other than statements of historical points contained in this press launch, which include statements relating to our upcoming benefits of operations, financial issue, company system and ideas and objectives of administration for future operations, are ahead-seeking statements. In some conditions, you can discover ahead-on the lookout statements for the reason that they comprise words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” or “would,” or the adverse of these words and phrases or other comparable terms or expressions.

Forward-seeking statements involve recognised and mysterious dangers, uncertainties and other variables that might lead to our true success, efficiency, or achievements to be materially distinctive from any long run results, overall performance or achievements expressed or implied by the ahead-searching statements. Forward-searching statements characterize our beliefs and assumptions only as of the day of this release. These statements, and connected threats, uncertainties, things and assumptions, involve, but are not limited to: weak progress and enhanced volatility in the telehealth current market lack of ability to adapt to quick technological improvements amplified levels of competition from present and potential new participants in the health care business changes in healthcare rules, rules or developments and our ability to work in the seriously controlled healthcare business our capability to comply with federal and condition privacy laws the significant liability that could final result from a cybersecurity breach and other components explained underneath ‘Risk Factors’ in our Form 10-K submitted with the SEC on March 26, 2021. These pitfalls are not exhaustive. Except as needed by legislation, we suppose no obligation to update these ahead-hunting statements, or to update the causes true results could vary materially from individuals predicted in the forward-on the lookout statements, even if new info turns into accessible in the upcoming. More info on aspects that could result in precise success to vary materially from the final results predicted by our ahead-searching statements is integrated in the reports we have filed or will file with the Securities and Exchange Commission. These filings, when out there, are out there on the trader relations portion of our site at and on the SEC’s internet site at

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PUB: 08/31/2021 09:00 AM/DISC: 08/31/2021 09:02 AM

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