M&A Deal Summary

Avel eCare Acquires Amwell - Psychiatric Care Business

On January 9, 2025, Avel eCare acquired healthcare services company Amwell - Psychiatric Care Business from amwell for 21M USD

Acquisition Highlights
  • This is Avel eCare’s 5th transaction in the Healthcare Services sector.
  • This is Avel eCare’s largest (disclosed) transaction.
  • This is Avel eCare’s 5th transaction in the United States.
  • This is Avel eCare’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2025-01-09
Target Amwell - Psychiatric Care Business
Sector Healthcare Services
Buyer(s) Avel eCare
Sellers(s) amwell
Deal Type Divestiture
Deal Value 21M USD

Target

Amwell - Psychiatric Care Business

Boston, Massachusetts, United States
Amwell's Psychiatric Care (APC) Business is a virtual psychiatric care service. Amwell's Psychiatric Care (APC) Business is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Avel eCare

Sioux Falls, South Dakota, United States

Category Company
Founded 1993
Sector Healthcare Services
DESCRIPTION

Avel eCare offers the most comprehensive virtual health networks by partnering with more than 600 health care systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings, and schools across the country. The company's programs improve efficiencies, decrease provider burnout and turnover, and keep patients closer to home. Avel eCare was formed in 1993 and is based in Sioux Falls, South Dakota.


DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 5 of 5
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 5 of 5
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-23 HPM

Iola, Kansas, United States

HPM provides remote medication order reviews and onsite pharmacy management services for hospitals and health systems. HPM is based in Iola, Kansas.

Buy -

Seller(S) 1

SELLER

amwell

Boston, Massachusetts, United States

Category Company
Founded 2006
Sector Information Technology
Employees1,104
Revenue 259M USD (2023)
DESCRIPTION

amwell is a telehealth platform that connects and enables providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell offers a single, comprehensive platform to support all telehealth needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With over a decade of experience, Amwell powers telehealth solutions for over 130 health systems comprised of 2,000 hospitals and 55 health plan partners with over 7,000 employers, covering over 150 million lives. amwell was founded in 2006 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Silvercloud Health

Dublin, Ireland

Silvercloud Health is a provider of digital mental health platform which provides accessible, scalable, digital behavioral healthcare. Silvercloud Health is based in Dublin, Ireland.

Buy -