Amwell has filed to go public under the New York Stock Exchange symbol AMWL. Google Cloud's $100 million investment will be a concurrent private placement at the IPO price. The company didn't indicate a proposed size for the offering, nor did it give an anticipated price range, but it provided a placeholder amount of $100 million to calculate its registration fee. Morgan Stanley, Goldman Sachs & Co., LLC, Piper Sandler, UBS Investment Bank, Credit Suisse and Cowen Berenberg are listed as underwriters for the IPO.
Titled the Guiding Principles on Virtual Care, the proposals were developed by various virtual care companies affiliated with CTA, including Livongo, Doctor on Demand, Validic and 98point6. Reports show that patients with access to their own health data are far more likely to engage with the information in ways that improve the quality of care and their overall healthcare experience. The above principles laid out by the CTA are based on concepts and best practices currently present and developing in the U.S. regarding the provision of virtual care and consumer protection.