10:20 AM EST, 01/09/2025 (MT Newswires) -- Amwell (AMWL) sold its Amwell Psychiatric Care unit to Avel eCare for $21 million, plus an additional earn-out payment.

The sale includes APC technology, staff and the affiliated Asana psychiatric clinical network, Amwell said Thursday in a statement.

The company will continue offering behavioral health services, including therapy and its SilverCloud digital platform, through Amwell Medical Group, an affiliated clinical partner.

Amwell reiterated 2024 revenue guidance of $247 million to $252 million.