Amwell (NYSE: AMWL) has sold its virtual psychiatric business to clinician-to-clinician telehealth provider Avel eCare for $21 million. The deal allows Amwell and Avel to focus on their core operations, Avel’s CEO Doug Duskin told Behavioral Health Business. “[Amwell is] focusing on technology as their primary service,” Duskin said. “We’re more of a technology-enabled service company. … So it made sense for them to focus on their core, and it made sense for us to focus on our core.”
Read the full article: Inside Avel eCare’s $21M Acquisition of Amwell’s Psychiatric Business //
Source: https://bhbusiness.com/2025/01/09/inside-avel-ecares-21m-acquisition-of-amwells-psychiatric-business