Is a Buyout the Most Likely Scenario for Amwell?
Telehealth company American Well (NYSE: AMWL), better known as Amwell, went public in the fall of 2020. Back then, it was a promising investment that had the backing of tech giant Google (which is part of Alphabet). However, the wheels have come off for the stock, which now trades at a little more than $3 a share, nowhere near the more than $25 it opened at on Sept. 17, 2020.
Although the business isn't actively seeking offers, the stock is struggling mightily these days, and its low value might make a buyout a realistic possibility. And some notable businesses have been showing interest in healthcare of late.
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Source Fool.com
