1. Organization and Description of Business Description of Business American Well Corporation (the “Company”) was incorporated under the laws of the State of Delaware in June 2006. The Company is headquartered in Boston, Massachusetts. The Company is a leading enterprise software company enabling digital delivery of care for healthcare’s key stakeholders. The Company empowers our clients with the core technology and services necessary to successfully develop and distribute virtual care programs that meet their strategic, operational, financial and clinical objectives under their own brands. Acquisitions On August 9, 2021 and August 27, 2021 , the Company completed the acquisitions of Conversa Health Inc. (“Conversa”) and SilverCloud Health Holdings, Inc. (“SilverCloud”), respectively (together, the “Acquisitions”). Conversa is a leader in automated virtual healthcare. SilverCloud is a leading digital mental health platform . See Note 7 “Business Combinations”. Liquidity and Capital Resources The Company expects that its cash, cash equivalents and investments balance as of March 31, 2022 of $ 674,906 will be sufficient to fund its operating expenses and capital expenditure requirements for at least the next twelve months.
Free historical financial statements for American Well Corp..
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