Amwell Acquires Telehealth Company Conversa

Conversa, a telehealth company founded in Portland, Oregon, has been acquired by Amwell. Telemedicine company Amwell provides a collection of medical services like primary care, urgent care, telepsychiatry, and specialty consultations, and with the addition of Conversa, now has a set of platforms for catered medical conditions to assist its larger model.

Conversa is designed to help medical professionals complete administrative tasks associated with medical care and provide a text-based conversation platform for patients. The company recently raised $8 million in funding following the COVID-19 pandemic’s boost to telehealth business, and will now become an invaluable tool for Amwell operations.

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Amwell representatives state that Conversa’s patient profiling and engagement tools will greatly boost the experiences and outcomes of its current and future client base. The company paid approximately $320 million to acquire Conversa and SilverCloud, another digital platform which caters to mental health.

The transaction is expected to be finalized by the end of the first quarter.

“By integrating SilverCloud Health and Conversa Health into our platform we are demonstrating Amwell’s fundamental and repeatable design to continually scale digital healthcare services across the different sites of care. These acquisitions will amplify the presence and reach of care teams and reaffirm that as the needs of the healthcare marketplace evolve, so too will the Amwell platform,” said Co-Chief Executive Officer of Amwell, Ido Schoenberg.