Press-releases

6
Aug
2015

Inventure Partners invests $5MM in U.S. telehealth services leader American Well

LONDON, England. (July 30, 2015) – Today Inventure Partners announced it has made a strategic investment in telehealth leader, American Well.  American Well offers software, services, and access to clinical services – everything that is required to offer a complete telehealth service. The company partners with leading health plans, providers, employers and hospitals. American Well’s mobile and web service connects doctors with patients for live, on-demand video visits over the internet and handles all the administration, security, and record keeping that modern healthcare requires.

American Well founders and brothers, Drs. Ido and Roy Schoenberg, have spent over 15 years in healthcare and have learned to appreciate the critical importance of working closely with key healthcare stakeholders in developing telehealth services that consistently deliver an outstanding consumer healthcare experience. Rather than seek to “disrupt” the industry, American Well is partnering with leading health plans, employers, and delivery systems that are committed to improving access to quality care and to making it more affordable and transparent for consumers.

“Our mission is to transform healthcare from within by making it more convenient and less costly. We welcome Inventure Partners, and believe that together we will be able to expand the role of telehealth by connecting existing care teams with their patients; offering new levels of service to patients in their homes; and expanding into different geographies,” said Ido Schoenberg, co-founder and CEO of American Well.

American Well runs a secure platform providing consumers with direct access to U.S. board-certified clinicians of their choice for acute care, behavioural health, and nutrition counselling. The list of American Well partners includes some of the largest health plans and academic medical centres including Anthem, UnitedHealthcare, more than a dozen regional BlueCross and Blue Shield health plans, as well as major health systems such as Cleveland Clinic, Carolinas Healthcare System, Massachusetts General Hospital and Thomas Jefferson University Health System. According to App Annie, the global leader in app analytics and app market data, Amwell™ was the most popular telehealth app of 2014, worldwide, by combined iOS and Google Play downloads.

“The idea of using technology to provide remote health care has been around for years, and now that telehealth is finally emerging, we’re happy to partner with American Well.  American Well has already become the leading company in the U.S. market, with revenues more than doubling last year.  We believe that American Well is on track to reshape the whole healthcare concept in the U.S. and globally, significantly benefiting both patients and healthcare providers in the process”, noted Sergey Azatyan, co-founder and managing partner of Inventure Partners.

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