- The recent IPO for American Well Corporation included $100M in capital from Google, providing a tech partner to capitalize on the seismic shifts taking place in the healthcare delivery system.
- In 2019, 84% of AMWL's total revenue was considered "recurring" subscription-like revenue. Revenue grew more than +30% in 2019 and has increased +77% in the first 6-months of 2020.
- Since the onset of COVID-19, second quarter visit volumes were up more than 300% from the first quarter of 2020, further evidence that telehealth has a significant post-pandemic role to play.
- I have a "Very Bullish" outlook on shares of American Well Corporation. We are looking to take a position in our Gunderson Capital Emerging Growth portfolio.
For further details see:
American Well Corporation: Turning Pandemic Tailwinds Into Sustainable Revenue Growth