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Ropes & Gray Represents Amwell in Acquisition of SilverCloud Health and Conversa Health

Practices: Life Sciences, Mergers & Acquisitions, Tax, Intellectual Property Transactions, Executive Compensation & Employee Benefits, Data, Privacy & Cybersecurity, Health Care, Capital Markets, Digital Health, FDA Regulatory, Health Privacy & Security

Ropes & Gray advised national telehealth leader Amwell in agreements to acquire SilverCloud Health, a leading digital mental health platform, and Conversa Health, a leader in automated virtual healthcare. The acquisitions expand Amwell’s ability to provide longitudinal care and behavior healthcare to improve patient care between visits with a blend of in-person, virtual and digital care to help lower operational and healthcare costs and advance care outcomes. 

The transactions were announced on July 28. Aggregate purchase price for SilverCloud and Conversa is approximately $320 million and Amwell expects to fund the transactions using a mix of stock and cash. 

Amwell will expand its current client base to include hospital, health system, health plan and employer clients of Conversa Health and SilverCloud Health. The geographical footprint of SilverCloud Health will also help Amwell to accelerate its global growth plans, specifically within the United Kingdom and Ireland. Using automated patient outreach and engagement tools alongside care management teams, Amwell clients will benefit from improved care coordination, cost management, patient experience and outcomes. 

SilverCloud is a behavioral health platform that offers programs to help users address issues like anxiety and depression through cognitive behavioral therapy-based exercises. Conversa Health, operates a patient engagement tool for health systems that analyzes clinical data about patients and generates conversations in between visits.

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).

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