---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-004254"
form_type: "8-K"
ticker: "AMWL"
cik: "0001393584"
company_name: "American Well Corp"
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T04:44:22.924371+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Amwell sells telepsychiatry business to Avel eCare for $21M cash plus earn-out

## Summary
- Upfront cash $20.7M (1.1x trailing 12-month revenue) plus earn-out of 0.4x next 12-month revenues.
- Sale closed Jan 8; includes APC technology, personnel, Asana network. Reiterates FY2024 revenue guidance $247-252M.
- Reiterates positive cash flow goal in 2026. Pro forma shows ~$24M annual revenue removed and ~$10.4M estimated gain on sale.
- Pro forma for 9 months to Sep 30, 2024: net loss improved from $(165.5M) to $(164.0M), EPS from $(11.13) to $(11.03).

## SEC filing metadata
- accession: 0000950170-25-004254
- form_type: 8-K
- ticker: AMWL
- cik: 0001393584
- company_name: American Well Corp
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393584/000095017025004254/0000950170-25-004254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393584/000095017025004254/amwl-20250108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-004254
- JSON: https://secwatch.observer/filing/0000950170-25-004254.json
- Plain text: https://secwatch.observer/filing/0000950170-25-004254.txt

## Key facts
- M&A Transactions
  American Well Corp completed a disposition involving Avel eCare, LLC for $20,714,459 (closed 2025-01-08).
  - Action: disposition
  - Counterparty: Avel eCare, LLC
  - Consideration: $20,714,459
  - Closing: 2025-01-08
  source text: contracts and the related accounts receivable and all accounts payable and accrued expenses of the Business. The purchase price is comprised of (i) an upfront cash payment of $20,714,459, which is equal to 1.1x the Business’ trailing twelve-month revenue, excluding on-site revenue attributable to certain of the Business’ contracts, subject to customary adjustments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393584/000095017025004254/0000950170-25-004254-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.