American Well, which provides a telehealth platform for insurers and patients, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
The Amwell Platform is a complete digital care delivery solution that equips its health system, health plan, and innovator clients with the tools to enable new models of care for their patients and members. Its scalable technology enables care delivery across a wide variety of clinical, retail, school, and home settings.
The Boston, MA-based company was founded in 2006 and booked $202 million in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol AMWL. American Well filed confidentially on June 1, 2020. Morgan Stanley, Goldman Sachs, Piper Sandler, UBS Investment Bank, Credit Suisse, Cowen and Berenberg are the joint bookrunners on the deal. No pricing terms were disclosed.
