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.
Teladoc Health (NYSE: TDOC) has announced it has entered into a definitive agreement to acquire InTouch Health for $600 million, consisting of approximately $150 million in cash and $450 million in shares of Teladoc Health. The deal is expected to close by the end of the second quarter. This move will integrate telehealth solutions and add more than 14,500 physician users and 450 health systems and hospitals to Teladoc's profile.