M&A - American Well Corp

Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025004254

Filing Summary: On January 8, 2025, American Well Corporation entered into an asset purchase agreement with Avel eCare, LLC, where American Well, through its subsidiary Aligned Telehealth, LLC, sold all property and assets primarily used for providing telepsychiatry services, excluding certain specified items like cash. The transaction includes an upfront cash payment of $20,714,459, conditioned on the Business's trailing revenue, plus a potential additional payment dependent on the Buyer’s revenue over the following twelve months. There are covenants in place to prevent competition and solicitation for four and one year respectively. The closing of this transaction was executed on January 8, 2025, with a press release issued on January 9, 2025, detailing the transaction.

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