Why Hybrid Healthcare Company American Well's Shares Are Gaining Today
Portfolio Pulse from Nabaparna Bhattacharya
American Well Corporation (AMWL) and Leidos Holdings, Inc (LDOS) have won a contract to provide a hybrid care technology platform for the U.S. Military Health System (MHS). The deal, worth up to $180 million, will see the Leidos Partnership for Defense Health (LPDH) provide the Amwell Converge platform. The platform will replace the existing MHS Video Connect solution and is part of the DHA's Digital First initiative.
October 20, 2023 | 10:35 am
News sentiment analysis
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Ascending
POSITIVE IMPACT
AMWL's shares are likely to rise in the short term due to the new contract.
The contract win is a significant positive development for AMWL, which could lead to increased revenues and profitability. This is likely to be viewed positively by investors, leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
LDOS's shares may see a positive impact due to the new contract.
The contract win is a significant positive development for LDOS, which could lead to increased revenues and profitability. This is likely to be viewed positively by investors, leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100