on Avel ECare (NASDAQ:AMWL)
Avel eCare Acquires Amwell Psychiatric Care to Expand Telemedicine Services
Avel eCare, a prominent telemedicine provider, announced the acquisition of Amwell Psychiatric Care (APC), enhancing its behavioral health services. This strategic move aims to meet the growing demand for mental health support across rural and urban areas. The acquisition extends Avel eCare's reach to over 45 states, welcoming a significant client base from leading US health systems.
Avel's existing expertise in behavioral health is bolstered by APC's offerings, facilitating quicker patient access to mental health professionals. Doug Duskin, CEO of Avel eCare, emphasizes the alignment of missions to address healthcare challenges comprehensively. Additionally, Ido Schoenberg, CEO of Amwell, expresses confidence in Avel's capability to continue delivering value in telehealth.
The acquisition is timely, addressing the increasing mental health needs in the U.S., where nearly one in five adults experience mental illness yearly. With healthcare deserts prevalent, telehealth emerges as crucial in overcoming access barriers, positioning Avel eCare to deliver innovative solutions nationwide.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Avel ECare news