Amwell® divests virtual psychiatric care business to avel ecare in all-cash transaction

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.
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