Philips is a new investor in American Well, a virtual doctor start-up that has raised more than $300m

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American Well, a start-up that helps hospitals and other teams of doctors integrated virtual counselling, is backed by a huge new partner, philips.

According to the securities and exchange commission, according to a file, as of June 28 Wells has raised s $291 million in the United States, this indicates that the company’s overall goal is to raise about $315 million. In January, American Well announced an agreement With philips to “jointly provide virtual care solutions around the world.” Derek Ross, head of operations for philips’s population health management division, has joined the board of American Well as part of its investment in start-ups.

The new capital investment makes American Well one of the most well-funded companies in the burgeoning digital health sector. Telemedicine, or connecting patients and doctors remotely via secure voice and video chats, has long been considered one of the biggest opportunities to inject technology into Medicine.

However, adoption has been slow due to regulatory problems, lack of consumer awareness and the challenges that many doctors present in all necessary patient records.

Still, investors are betting on the opportunity. American Well competes with listed companies Teladoc and Doctor on Demand, a consumer venture capital backed app that also provides virtual Doctor access.

Lex van Lieshout | AFP | Getty Images

American Well, a start-up that helps hospitals and other teams of doctors integrated virtual counselling, is backed by a huge new partner, philips.

According to the securities and exchange commission, according to a file, as of June 28 Wells has raised s $291 million in the United States, this indicates that the company’s overall goal is to raise about $315 million. In January, American Well announced an agreement With philips to “jointly provide virtual care solutions around the world.” Derek Ross, head of operations for philips’s population health management division, has joined the board of American Well as part of its investment in start-ups.


The new capital investment makes American Well one of the most well-funded companies in the burgeoning digital health sector. Telemedicine, or connecting patients and doctors remotely via secure voice and video chats, has long been considered one of the biggest opportunities to inject technology into Medicine.

However, adoption has been slow due to regulatory problems, lack of consumer awareness and the challenges that many doctors present in all necessary patient records.

Still, investors are betting on the opportunity. American Well competes with listed companies Teladoc and Doctor on Demand, a consumer venture capital backed app that also provides virtual Doctor access.

CEO phillips: our goal is to make the world healthier and more sustainable CEO philips: our goal is to make the world healthier and more sustainable

| 01:58 on Tuesday, 23 January 2018, 11:22 a.m. Eastern time

A new report by Rock Health, a research firm, finds that digital Health companies raised more than $3.4 billion in the first half of 2018. Acquisitions are on the rise, most notably amazon’s purchase last week of the Internet pharmacy PillPack for about $1. Billion .

Philips, which owns a venture capital fund for health technology and is also known as business strategy investment, is one of the most important partners recently established by Well. Earlier this year, the insurance company allianz digital investment department Well company invested more than $5900 to The United States, as the development of digital services, to expand the world millions of patients with medical services, reduce costs, improve the quality of medical treatment “part of it

American Well also announced this year that it is a telemedicine provider working with Apple and Stanford on heart health research. American Well’s board includes Deval Patrick, a former Massachusetts governor, and Brendan O ‘grady, chief executive of Teva Pharmaceutical Industries’ U.S. operations.

A spokesman for mitsui did not comment on the story. Philips representatives did not respond to requests for comment.

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