American Well Extends Elevance Health Digital Care Partnership

American Well ( (AMWL) ) has shared an update.

On December 24–25, 2025, American Well Corporation and Elevance Health amended and extended their existing Master Services Agreement and related Statement of Work, with the updated Healthy Impact service offerings and renewed Statement of Work becoming effective January 1, 2026. The agreements, under which American Well operates the LiveHealth Online digital care platform for Elevance Health in exchange for annual subscription fees and potential professional services revenue, were extended for a three-year term from January 1, 2026 through January 1, 2029, with automatic one-year renewals thereafter unless terminated under specified conditions, including material breach, bankruptcy, change-of-control triggers, and, for Elevance Health, a convenience termination right with one year’s notice. On December 24, 2025, Online Care Group, PC, American Well’s clinical partner, also entered amendments to its provider agreements with Elevance Health-related entities, ensuring continued prioritized access to a nationwide network of clinicians who deliver digital consultations via LiveHealth Online through at least January 1, 2029, with similar automatic renewals and termination provisions, thereby reinforcing the long-term stability and scope of the digital care services offered to Elevance Health members.

The most recent analyst rating on (AMWL) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on American Well stock, see the AMWL Stock Forecast page.

Spark’s Take on AMWL Stock

According to Spark, TipRanks’ AI Analyst, AMWL is a Neutral.

American Well’s overall stock score is primarily impacted by its financial performance, which shows declining revenues and persistent losses. Technical analysis indicates a bearish trend, and valuation metrics are unattractive due to negative earnings. The earnings call provides some positive insights into cost reduction and subscription revenue growth, but these are overshadowed by overall revenue declines.

To see Spark’s full report on AMWL stock, click here.

More about American Well

American Well Corporation operates in the digital health and telemedicine industry, providing white-labeled virtual care delivery platforms for health plans and healthcare organizations. Under its partnership with Elevance Health, American Well runs the LiveHealth Online-branded digital care platform, delivering virtual consultations and related services, with revenues derived from subscription fees and additional professional, development, innovation, and engagement marketing services.

Average Trading Volume: 120,341

Technical Sentiment Signal: Sell

Current Market Cap: $80.38M

For a thorough assessment of AMWL stock, go to TipRanks’ Stock Analysis page.