Boston-based telehealth company Amwell Health announced it received notice from the New York Stock Exchange (NYSE) that it has fallen out of compliance with NYSE’s minimum stock price requirement.
The listing criteria requires a company’s stock price to be over $1 for 30 consecutive days. Amwell was trading at $0.74 per share at the time this article was published. The company's stock last...
Magentus taps Google Cloud for genAI
Magentus has engaged Google Cloud to help it build a "centralised and secure" foundation for customer data in the cloud, leveraging generative AI solutions and large language models.
The health IT provider intends to assist clinicians in easily accessing information and simplifying the way they extract insights from complex, unstructured medical data, which...
Family planning platform for employees Stork Club announced it is expanding its partnership with fertility treatment and science company CCRM Fertility, a portfolio company of health management company Unified Women's Healthcare.
Thanks to the partnership, Stork Club patients will have access to expedited appointments at CCRM Fertility clinics in 37 locations in the U.S. and Canada, including...
Amwell reported a significantly larger net loss in the first quarter due to a noncash goodwill impairment charge related to a lasting decline in the company's share price.
The telehealth company posted a $398.5 million loss compared with $70.3 million in the prior-year period and a $61.6 million loss in the fourth quarter. The impairment charge was $330.3 million.
"This charge resulted from the...
Telehealth company Amwell is partnering with digital chronic condition management platform DarioHealth to add a cardiometabolic program to its suite of digital offerings.
Under the partnership, patients who receive care from clinicians using Amwell's telehealth platform can be referred to Dario's program for chronic conditions like diabetes, high blood pressure and weight management.
The digital...
Amwell is in talks to acquire struggling teletherapy company Talkspace for about $200 million, according to Israeli business publication Calcalist.
Talkspace's stock price surged in the wake of the deal rumors. It went public in 2021 after a merger with a special purpose acquisition company, opening at $8.90 per share. The deal valued Talkspace at $1.4 billion.
But the digital mental health...
Talkspace reported a growing net loss in the third quarter as the teletherapy company continues to shift to a business-to-business model from a consumer-facing product.
It reported an $18 million net loss compared with $2 million loss in the prior-year period, which it attributes to a lower marketing spend. Talkspace posted revenue of $29 million, an 11% increase from 2021. The company also noted...
Telehealth giant Amwell has launched a new behavioral health product called the Amwell Comprehensive Behavioral Health Program.
The new program will offer a digital mental health tool with optional coaching and virtual therapy and psychiatry, depending on the patient's needs. Amwell said the latest offering combines the behavioral health programs from SilverCloud Health, which it acquired last...
Telehealth giant Amwell is expanding into musculoskeletal care and dermatology.
The MSK offering includes a customized physical therapy plan, virtual coaching and a digital sensor to allow for guided exercises, as well as access to behavioral health services. The dermatology program allows health plan members to access virtual visits with dermatologists.
"These programs thoughtfully expand our...
Cleveland Clinic’s digital health joint venture is partnering with membership virtual care company ReviveHealth to allow Revive members to get online second opinions from Clinic physicians.
The Clinic by Cleveland Clinic is a joint venture between it and telehealth giant Amwell. Revive will offer the online second-opinion option on its Revive Plus+ plan, which costs $59 a month. The company also...
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