M&A
The new service will let patients communicate with general practitioners, mental health clinicians and specialists.
Although most deals are undisclosed and some are partial asset acquisitions, the numbers undeniably show a busy year for the space.
The remote monitoring health tech company’s timely name-change coincides with a radical shift in the way health data is perceived and used, triggered by the coronavirus pandemic.
The deal follows on the company's 2018 acquisition of AI nutrition app Nutrino.
Despite some wins across its various business efforts, Fitbit's mounting losses provide some insight as to why the company was looking to sell.
The acquisition also gives American Well access to a handful of major provider and payer customers.
The five-year-old Illinois company offers digital health content middleware in the form of APIs used by Microsoft, MDLive and others.
The new tool will cater to patients with or without insurance, and the company says that "most visits" will cost $20.
The company has brought on an investment firm to investigate options for a potential sale of its business, Reuters reports.
The deal closed last week, although financial terms have not yet been disclosed.