Amwell Announces Material Definitive Agreement

Ticker: AMWL · Form: 8-K · Filed: 2025-01-10T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, asset-disposition, definitive-agreement

Related Tickers: AMWL

TL;DR

Amwell just signed a big deal, likely an acquisition or asset sale. Details to follow.

AI Summary

On January 8, 2025, American Well Corporation (Amwell) entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. The filing indicates that this event is significant and requires disclosure.

Why It Matters

This filing signals a significant corporate event for American Well Corporation, potentially involving a major acquisition or asset sale that could impact its business operations and financial standing.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, suggesting a significant transaction that could carry inherent risks related to integration, financing, or market reception.

Key Players & Entities

FAQ

What specific acquisition or disposition of assets is American Well Corporation entering into?

The filing does not specify the details of the acquisition or disposition of assets, only that a material definitive agreement has been entered into on January 8, 2025.

What is the nature of the material definitive agreement?

The filing states that the agreement is related to the 'Completion of Acquisition or Disposition of Assets' but does not provide further specifics.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on January 08, 2025.

What is the principal executive office address for American Well Corporation?

The principal executive offices are located at 75 State Street, 26th Floor, Boston, Massachusetts, 02109.

What is the telephone number for American Well Corporation?

The telephone number is 617 204-3500.

From the Filing

0000950170-25-004254.txt : 20250110 0000950170-25-004254.hdr.sgml : 20250110 20250110165419 ACCESSION NUMBER: 0000950170-25-004254 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250108 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250110 DATE AS OF CHANGE: 20250110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Well Corp CENTRAL INDEX KEY: 0001393584 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39515 FILM NUMBER: 25523676 BUSINESS ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 BUSINESS PHONE: 617-205-3500 MAIL ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 8-K 1 amwl-20250108.htm 8-K 8-K false 0001393584 0001393584 2025-01-08 2025-01-08   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 08, 2025     American Well Corporation (Exact name of Registrant as Specified in Its Charter)     Delaware 001-39515 20-5009396 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           75 State Street 26th Floor   Boston , Massachusetts   02109 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 617 204-3500     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.01 Par Value   AMWL   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 1.01 Entry into a Material Definitive Agreement. On January 8, 2025, American Well Corporation (the “Company”), Aligned Telehealth, LLC, a wholly owned subsidiary of the Company (the “Seller”), and Avel eCare, LLC (the “Buyer”) entered into an asset purchase agreement (the “Agreement”) relating to the sale by the Seller, and the purchase by the Buyer, of all property and assets owned, leased or licensed by the Seller that are primarily used or held for use in connection with the Company’s business of providing telepsychiatry services to hospitals and correctional programs (the “Bus

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