Reston-based telehealth company Avizia acquired by American Well - Technical.ly DC

Business

Apr. 30, 2018 11:53 am

Reston-based telehealth company Avizia acquired by American Well

Avizia and Boston-based American Well want to offer end-to-end telehealth capabilities.

Avizia is being acquired by American Well.

(Courtesy photo)

This article was updated at 9:35 a.m. on 5/1/18 to include comments from Avizia CEO Mike Baird.

Reston, Va.–based Avizia is being acquired by telehealth company American Well, the two companies announced on Monday morning.

Avizia, which was formed by former Cisco executives in 2013, makes tools including a platform, mobile apps and devices, to help health providers deliver care remotely, often through video.

With the acquisition, Boston-based American Well is looking to add to Avizia’s technology including carts that hold telemedicine systems and software workflows. A release states American Well is particularly interested in Avizia’s capabilities in acute care, or the treatment of rapid onset diseases, where it already works with large health systems.

Specifically, Avizia said it has more than 40 clinical use cases for its technology, including treatment of stroke and behavioral health remotely. In all, it’s used in more than 70 health systems in 38 countries.

“Their team has built world-class solutions that complement ours perfectly,” American Well CEO Ido Schoenberg said in a statement. “Our merger will allow us to create the most comprehensive solution for our clients: an exceptional, singular, end to end offering.”

Terms of the deal were not disclosed. It is expected to close by the of the second quarter of 2018.

Founded by top execs Mike Baird, Luke Leininger and Cory Costley, Avizia is backed by more than $20 million in funding, according to Crunchbase. Local investors include Middleland Capital, Blu Venture Investors, Lavrock Ventures and NextGen Angels.

Last year, Avizia made an acquisition of its own, bringing on virtual care company Carena and announcing plans to add its Seattle office.

UPDATE (9:35 a.m., 5/1/18)

In a phone interview on Monday, Avizia CEO Mike Baird said becoming part of American Well presents the opportunity to scale across multiple kinds of treatment.

“You’ve got almost 150 million patients covered through the payer networks that American Well has and now we can bring more options to them as well,” he said.

Baird said the combined company plans to keep Avizia’s office in Reston, as well as its location in Seattle.

“While technology is a part of this, it’s ultimately about the people,” he said, adding that Avizia has “150 ppl that have some of the most depth and experience of telehealth anywhere in the planet.”

On building a company in the D.C. area, he said that the “tight-knit” tech community offered lots of support, from NextGen to Mindshare, the program supporting dozens of CEOs.

Baird said the cofounders will also remain with the company, but their future roles are still under discussion.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

So, what exactly is cybersecurity?

MACH37’s spring 2019 accelerator cohort includes these 6 cyber startups

Arlington-based Accenture Federal Services expands in Texas with new cyber center

SPONSORED

DC

This fast-growing SaaS company aims to be a force for change in the energy industry

Philadelphia, PA

Orthly

Full-Stack Javascript Engineer

Apply Now
Washington DC

The Washington Post

Back End Developer/ Engineer – Arc Engineering

Apply Now
Washington, DC

The Washington Post

Sr. Full Stack Developer

Apply Now

CIT Gap Funds made an investment in Arlington-based 4stay

Mobile advertisement company Carvertise is expanding to the DC area

Remodelmate closes first investment round, raising $525K

SPONSORED

DC

Hear from the privacy pros at Security by the Schuylkill

Washington, D.C.

The Washington Post

Audio Engineer

Apply Now
Washington, D.C.

The Washington Post

Senior Software Engineer (iOS)

Apply Now
Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!