Amwell (AMWL) sold its Amwell Psychiatric Care unit to Avel eCare for $21 million, plus an additional earn-out payment.
The sale includes APC technology, staff and the affiliated Asana psychiatric clinical network, Amwell said Thursday in a statement.
The company will continue offering behavioral health services, including therapy and its SilverCloud digital platform, through Amwell Medical Group, an affiliated clinical partner.
Amwell reiterated 2024 revenue guidance of $247 million to $252 million.
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