Amwell® divests virtual psychiatric care business to Avel eCare in all-cash transaction
Portfolio Pulse from
Amwell has sold its virtual psychiatric care business, Amwell Psychiatric Care, to Avel eCare in an all-cash transaction. This divestment is part of Amwell's strategy to focus on key growth initiatives and improve efficiencies. The company has reiterated its guidance for 2024.
January 09, 2025 | 1:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Amwell has divested its virtual psychiatric care business to Avel eCare, allowing the company to focus on key growth initiatives and improve operational efficiencies. The company maintains its guidance for 2024.
The divestment allows Amwell to concentrate on its core growth areas, which could lead to improved operational efficiencies and potentially better financial performance. The reiteration of 2024 guidance suggests confidence in their strategic direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100