Amwell®, a national telehealth leader, today announced that it has commenced the roadshow for its proposed initial public offering. Amwell has filed a registration statement with the Securities and Exchange Commission ("SEC") to offer 35,000,000 shares of its Class A common stock to the public. Amwell and certain selling stockholders (the "Selling Stockholders") intend to grant the underwriters a 30-day option to purchase up to 5,250,000 additional shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. Amwell will not receive any proceeds from the sale of Class A common stock by the Selling Stockholders. The initial public offering price is expected to be between $14.00 and $16.00 per share. Amwell has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol "AMWL."

Morgan Stanley, Goldman Sachs & Co. LLC and Piper Sandler are acting as lead joint book-running managers for the proposed offering. UBS Investment Bank, Credit Suisse, Cowen and Berenberg are acting as bookrunners for the proposed offering.

About Amwell

Amwell is a leading telehealth platform in the United States and globally, connecting and enabling providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that digital care delivery will transform healthcare. The Company offers a single, comprehensive platform to support all telehealth needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With over a decade of experience, Amwell powers telehealth solutions for over 2,000 hospitals and 55 health plan partners with over 36,000 employers, covering over 80 million lives.