MedCity News
Amwell to scoop up SilverCloud Health, Conversa Health for $320M
The acquisitions will expand Amwell s virtual care offerings and client base, with SilverCloud Health bringing digital behavioral health programs to its roster and Conversa Health adding text-based patient communications.
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Telehealth company Amwell is expanding its reach and service offerings through two acquisitions.
The company is purchasing SilverCloud Health and Conversa Health for approximately $320 million. Amwell expects to fund the transactions using a mix of stock and cash.
The transactions will help Boston-based Amwell diversify its business, according to the news release.
SilverCloud Health, which is also based in Boston, provides an array of digital cognitive behavioral health programs, which can help decrease symptoms of depression and anxiety. Over 300 organizations around the globe use SilverCloud Health’s programs, including Kaiser Permanente and Optum.
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