Allianz Invests $59 Million in Digital Health-Care Provider
09 January 2018 - 1:54AM
Dow Jones News
By Nathan Allen
Germany's Allianz SE (ALV.XE) has invested $59 million in U.S.
digital health-care company American Well in an effort to lower
cost and improve quality of healthcare in developed and emerging
markets, the company said Monday.
Allianz said it will join American Well's board of directors,
via its digital investment unit Allianz X, but didn't specify the
size of the stake it had taken in the company.
American Well, which is based in Boston, provides a digital
platform that connects patients with doctors, specialists and other
healthcare providers over secure video, according to a press
release from Allianz.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 08, 2018 09:39 ET (14:39 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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