American Well Corp.

American Well Corp.

American Well Corp.

Overview
Date Founded

2006

Headquarters

75 State Street, 26th Floor, Boston, MA, 02109, USA

Type of Company

Public

Employees (Worldwide)

686

Industries

Internet Software & Services
IT Consulting & Services
Hospitals & Patient Services
Biotechnology

Company Description

American Well Corp. engages in the provision of online healthcare services. It offers a single platform to support all telehealth needs from urgent to acute and post-acute care, chronic care management and healthy living. The company's services include urgent care, behavioral health, breastfeeding support, chronic care, nutrition counseling, pediatrics, telestroke and virtual primary care. American Well was founded by Ido Schoenberg and Roy Schoenberg in June 2006 and is headquartered in Boston, MA.

Website

http://www.americanwell.com

Contact Data
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In The News
Nasdaq
December 12, 2020
5 Telehealth Stocks That Will Keep Growing Post-Quarantine
GlobeNewswire
December 9, 2020
COVID-19 Update Report, Q4 2020 - Quidel Rets EUA for Combo Flu, COVID-19 Test
Nasdaq
December 4, 2020
These 3 Recent IPO Stocks Look Especially Promising for 2021
Business Wire
November 25, 2020
Global Telehealth Market 2020-2024- Featuring American Well Corp., Cisco Systems Inc., Among Others to Contribute to the Market Growth | Technavio
GlobeNewswire
November 23, 2020
The global telehealth/telemedicine market is expected to grow at a CAGR of 37.7% during the forecast period, to reach USD 191.7 billion by 2025 from an estimated USD 38.7 billion in 2020

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Executives & Employees
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Roy Schoenberg

Co-Founder

Ido Schoenberg

Chairman of the Board & Co-Chief Executive Officer

Keith W. Anderson

Chief Financial Officer

Kurt Knight

Chief Operating Officer

Mary A. Modahl

Chief Marketing Officer

Serkan Kutan

Chief Technology Officer

Jason Medeiros

Chief Information Officer

Peter Antall

Chief Medical Officer

Danielle Russella Bantivoglio

General Manager, Payer Solutions

William J. Conway

General Manager of Provider Solutions

Board of Directors
Ido Schoenberg

Chairman of the Board & Co-Chief Executive Officer at American Well Corp.

Deborah C. Jackson

President at Cambridge College

Deval Patrick

Former Governor of Massachusetts

Peter L. Slavin

President at The Massachusetts General Hospital

Delos M. Cosgrove

Senior Advisor at Innovahealth Partners LP

Toby Cosgrove

Executive Advisor at Cleveland Clinic

Brendan O'Grady

Chief Executive Officer at Auspex Pharmaceuticals, Inc.

Nazim Cetin

Chief Executive Officer at Allianz X GmbH

Roy Schoenberg

Co-Founder at American Well Corp.

Derek Ross

Business Leader, Population Health Management at Philips Healthcare

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Paths to American Well Corp.
Potential Connections via
Relationship Science
You
American Well Corp.
Owners & Shareholders
Details Hidden
Caledonia (Private) Investments Pty. Ltd.

Caledonia Investments is a long/short global equity manager, with a broad investment universe. They aim to seek high absolute returns over a long term horizon by investing on a long/short basis primarily in corporate equity securities, predominantly listed securities, and related instruments in global markets. The firm intends to achieve this investment objective by focusing on stock picking and deep fundamental research with respect to smaller issuers whose equities the firm believes the markets are generally less efficient in pricing to drive alpha. Generally, detailed bottom-up financial modelling is conducted on an individual issuer basis in an attempt to understand the driver and magnitude of such issuer’s earnings advantage. The firm typically takes a three- to five-year view when making an investment on the long side, and a one- to two-year view on the short side.

Details Hidden
Bridger Management LLC

BML has a focus on publicly traded equities, emphasizes fundamental and has a research-oriented stock selection in both long and short investments. The firm manages investment vehicles which seek to generate long-term and superior risk-adjusted total returns. They believe that short positions not only serve as a hedge against volatile market conditions, but also generate profit opportunities for the clients.

Details Hidden
Shanghai Fosun Industry Investment Co., Ltd.

Shanghai Fosun Industry Investment Co. Ltd. is an active manager which provides financing for seed, early, and later-stage capital requirements. The firm invests in companies operating in the fields of medical health services, finance, commercial services and consumers services sector.

Recent Transactions
Details Hidden

American Well Corp. issued . USD Common Stock

Details Hidden

American Well Corp. issued USD Common Stock

Details Hidden

American Well Corp. raised money in a private placement transaction

Insider Transactions
Details Hidden
Roy Schoenberg

Details Hidden
Ido Schoenberg

Details Hidden
Keith T. Anderson

Transaction Advisors
Underwriter
UBS Warburg LLC (US)

Advised onAmerican Well Corp. issued USD Common Stock

Underwriter
Berenberg Capital Markets LLC

Advised onAmerican Well Corp. issued USD Common Stock

Escrow Agent
Broadridge Financial Solutions, Inc.

Advised onAmerican Well Corp. issued USD Common Stock

Legal Advisor
Abby Meyer

Advised onAmerican Well Corp. purchases Aligned TeleHealth, Inc. from SV Health Investors LLP

Legal Advisor
Adam J. Kaminsky

Advised onAmerican Well Corp. issued USD Common Stock

Associate
Alexander Kraik

Advised onAmerican Well Corp. issued USD Common Stock
Advisors & Consultants
Real Estate Agent
Ellen Fantini Cullinan

Senior Managing Director at Newmark & Company Real Estate, Inc.

Consultant
Fred Goldwater

Venture Partner at Hatteras Venture Partners
Clients
Anthem, Inc.

At WellPoint, we believe there is an important connection between our members’ health and well-being—and the value we bring our customers and shareholders. So each day we work to improve the health of our members and their communities. WellPoint is one of the nation’s largest health benefits companies, with more than 36 million members in its affiliated health plans and nearly 67 million individuals served through its subsidiaries. One in nine Americans receives coverage for their medical care through WellPoint's affiliated plans. We offer a broad range of medical and specialty products.

Cleveland Clinic

Cleveland Clinic operates multispecialty academic medical center and hospitals. It offers outpatient care, primary care, numerous subspecialties and numerous locations. The company was founded in 1921 and is headquartered in Cleveland, OH.

New York-Presbyterian Fund, Inc.

To receive, solicit and administer funds to be applied exclusively for charitable, educational and scientific purposes, primarily for the benefit of health care related charitable organizations.
Key Stats and Financials As of 2019
Market Capitalization
$7.47B
Total Enterprise Value
Earnings Per Share
$-0.38
Revenue
$149M
Net Profit
$-87.2M
EBITDA
$-84.7M
EBITDAMargin
-56.93%
Total Debt
$13.4M
Total Equity
$375M
Non-Profit Donations & Grants
$5,000 +
2016
The Nemours Foundation

$1,000 +
2015
The Nemours Foundation

$5,000 - $10K
2014
The Children's Hospital Corp.

Investors
Details Hidden
Deval Patrick

Former Governor of Massachusetts

Details Hidden
Peter L. Slavin

President at The Massachusetts General Hospital

Details Hidden
Steve Smoot

Venture Partner at Nextgen Venture Partners LLC

Suppliers
Phreesia, Inc. Medical Support Services | New York, NY

Phreesia, Inc. is a healthcare software company. It provides patient check-in solutions for medical practices. The firm through its SaaS-based Phreesia Platform, offers healthcare provider organizations a robust suite of solutions to manage the patient intake process and a payments solution for secure processing of patient payments. Its platform also provides life sciences companies with an engagement channel for targeted and direct communication with patients. The company was founded by Chaim Indig and Evan Roberts in January 2005 and is headquartered in New York, NY.

Alphabet, Inc. Internet Software & Services | Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Competitors
Twilio, Inc. Computer Software - San Francisco, CA

Twilio, Inc. engages in the development of communications software, cloud-based platform, and services. Its platform consists of the following layers: engagement cloud, programmable communications cloud, and super network. The engagement cloud software addresses use cases like account security and contact centers and is a set of Application Programming Interfaces (APIs) that handles the higher-level communication logic needed for nearly every type of customer engagement. The Programmable communications cloud software is a set of APIs that enables developers to embed voice, messaging, and video capabilities into their applications. The super network is a software layer that allows customers' software to communicate with connected devices globally. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

Teladoc Health, Inc. Hospitals & Patient Services - Dallas, TX

Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure. The company was founded on June 13, 2002 by George Byron Brooks and is headquartered in Purchase, NY.

Cerner Corporation IT Consulting & Services - North Kansas City, MO

Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation & training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and International. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The International segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.

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