Amwell’s Acquisition of Conversa Health

Fenwick advised Conversa Health, while Ropes & Gray advised Amwell in the transaction.

Amwell® (NYSE: AMWL), a national telehealth leader, has signed definitive agreements to acquire SilverCloud Health, a leading digital mental health platform, and Conversa Health, a leader in automated virtual healthcare. By adding the technology of these two companies to its virtual care platform, Amwell is greatly enhancing the differentiated value it can bring to current and future clients. Each company brings unique, proven capabilities that will position Amwell to materially advance the reach and impact of care teams on patients’ lives through the use of interactive tools that strengthen the cohesion between physical and virtual care.

Both SilverCloud Health and Conversa Health have shown they can enable a more efficient blend of in-person, virtual and digital care, and in turn have helped to lower operational and healthcare costs, as well as advanced care outcomes. With these acquisitions and in partnership with those on its platform, Amwell can accelerate its work to redefine the practice of medicine to include always-on healthcare companionship that makes the balance and transition between interactive, digital and in-person care more fluid.

SilverCloud Health delivers a range of digital cognitive behavioral health programs that are evidence-based and clinically validated.

Conversa Health helps leading healthcare organizations including Northwell Health, UCSF Health, UNC Health, University Hospitals and Prisma Health to remotely manage and engage patients by delivering configurable, automated text-based conversations to support a wide range of clinical needs – from pre-admission patient education and preparedness to post-acute monitoring, to chronic care management and more.

Barclays acted as exclusive financial advisor to Amwell. Cantor Fitzgerald & Co. acted as exclusive financial advisor to Silver Cloud Health.

The Fenwick transaction team was led by corporate partners Kris Withrow (Picture) and Sam Angus and included associates James Li, Victoria Lupu and law clerk Itka Safir; executive compensation and employee benefits partners Marshall Mort and Shawn Lampron, counsel Nicholas Frey and associates Christophe Delrieu and Emily Gulyako; technology transactions partner Stefano Quintini, associates Sophia Chen, Jefferson Lin and Kehl Sink and advisor Sandra Weustink; and privacy and cybersecurity partner Jim Koenig and director Brent Hoard.

The Ropes & Gray team was led by life sciences and M&A partner Michael Beauvais (Boston) and mergers & acquisitions associates Bryan Lowrance and Joe Muller (both of Boston), Debbie Wang, Justin Yee and Taylor Solomon (all of New York) and Brittany Pifer (San Francisco) and included tax partner Pam Glazier (Boston), employment & benefits partner Josh Lichenstein (New York), IP transactions partners Violetta Kokolus (New York), capital markets and M&A partner Zach Blume (Boston), life sciences regulatory & compliance partner Kellie Combs (Washington, D.C.), health care partner Tim McCrystal (Boston), asset management counsel Michael Jurasic (Boston), litigation & enforcement counsel Steve Kaye and Deidre Johnson (both of Boston), employment & benefits senior counsel Dave Mandel and employment & benefits senior attorney Will Dunham (both of Boston), data, private & cybersecurity counsel Clare Sellars (London) and Kevin Angle (Boston).

Involved fees earner: Samuel Angus – Fenwick & West LLP; Sophia Chen – Fenwick & West LLP; Christophe Delrieu – Fenwick & West LLP; Nicholas Frey – Fenwick & West LLP; Emily Gulyako – Fenwick & West LLP; Brent Hoard – Fenwick & West LLP; James Koenig – Fenwick & West LLP; Shawn Lampron – Fenwick & West LLP; James Li – Fenwick & West LLP; Jefferson Lin – Fenwick & West LLP; Victoria Lupu – Fenwick & West LLP; Marshall Mort – Fenwick & West LLP; Stefano Quintini – Fenwick & West LLP; Kehl Sink – Fenwick & West LLP; Kris Withrow – Fenwick & West LLP; Kevin Angle – Ropes & Gray; Michael Beauvais – Ropes & Gray; Zachary Blume – Ropes & Gray; Kellie Combs – Ropes & Gray; William Dunham – Ropes & Gray; Pamela Glazier – Ropes & Gray; Deidre Johnson – Ropes & Gray; Michael Jurasic – Ropes & Gray; Steve Kaye – Ropes & Gray; Violetta Kokolus – Ropes & Gray; Joshua Lichtenstein – Ropes & Gray; Bryan Lowrance – Ropes & Gray; David Mandel – Ropes & Gray; Timothy McCrystal – Ropes & Gray; Joe Muller – Ropes & Gray; Brittany Pifer – Ropes & Gray; Clare Sellars – Ropes & Gray; Taylor Solomon – Ropes & Gray; Debbie Wang – Ropes & Gray;

Law Firms: Fenwick & West LLP; Ropes & Gray;

Clients: Amwell; Conversa Health;

Author: Martina Bellini