Amwell acquires two digital health startups for $320 million as telehealth M&A frenzy continues

Amwell is acquiring two digital health startups for a combined $320 million as the publicly traded telehealth company looks to expand its platform offerings beyond the Covid-fueled virtual care boom. The two companies—SilverCloud Health and Conversa Health—are part of Amwell’s strategy to work with patients along their entire care journey and not just limit the relationship to one-off virtual visits. “The magic is what happens when you bring them all together, when you use technologies to surround the patients in their reality on a regular basis,” says Roy Schoenberg, who serves as co-CEO of the Boston, Massachusetts-based company alongside his brother Ido. The way to achieve this “omnipresence,” he says, is to use automation to move beyond the usual supply and demand constraints in healthcare.