On Monday April 30th, American Well announced that it will acquire fellow telehealth company Avizia for an undisclosed amount.
The deal gives American Well access to Avizia’s custom software workflows and hospital-based cart lineup boasting for more than 40 clinical specialties, including telestroke and telebehavioral services.
CEO of Avizia Mike Baird spoke to MobiHealthNews about the acquisition, saying “I think, candidly, health systems want to expand telehealth and what we bring for them is a complete solution.”
American Well will now be able to provide acute care and out patient services with newly combined workflow to providers and payer. Instead of managing multiple services, clients will now be able to work through a single platform.
“During the last few years we have been watching Avizia closely… and we really believe that the DNA, the culture, and the mission of the organizations are similar,” said Dr. Ido Schoenberg, the CEO of American Well.
While telehealth was once seen as an urgent care option for minor conditions, this is changing. Schoenberg says it’s now being used for specialty services.
Avizia has raised $20 million in funding since it was founded in 2013, and today it services more than 1,300 hospital deployments in over 38 countries.
American Well has been in business since 2006 and is a high-profile name in telemedicine, tied to organizations like Samsung and Medtronic. At HIMSS18, a top Health IT conference, Schoenberg outlined the company’s strategy in pulling back from video visit tech and toward connector technology to help healthcare stakeholders coordinate and work together remotely.
“We share Avizia’s passion and relentless commitment to enabling better care anywhere. Their team has built world-class solutions that complement ours perfectly. Our merger will allow us to create the most comprehensive solution for our clients: an exceptional, singular, end-to-end offering.” Schoenberg said.
Learn more in this article on MobiHealthNews.