Dive Brief:

Amwell is considering divesting some non-core assets as the telehealth vendor looks to narrow its business focus and improve financial performance, executives said on a third quarter earnings call Tuesday.

The company is mulling selling legacy assets that could be more easily separated from the rest of the business without creating challenges for customers, executives said. “These are distinct assets that have a certain profile of clients that we could, in fact, cordon off,” said Amwell CFO and COO Mark Hirschhorn.

Amwell already sold its virtual psychiatric care business to fellow telehealth provider Avel eCare for about $21 million early this year.

Dive Insight:

The potential divestitures come as the firm’s stock price has sunk in recent years compared with highs reach

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