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AW has done a great job at signing up Health Plans, very good enterprise sales team, great big picture story. But the volume of usage has been tiny, and going forward I don't think you need an expensive platform to do tele health - Skype is fine and free. And at a half a billion valuation, 33x sales is way too expensive. If they do a recap and try and raise at say $100m we should re look.


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Neil Callahan
Rosemont Seneca
917-945-9516

> On Apr 5, 2014, at 5:50 AM, Hunter Biden <hbiden@rosemontseneca.com> wrote:
>
>
>
> RHB
> 202.333.1880
>
> Begin forwarded message:
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>> From: paul rowan <perowan@gmail.com>
>> Date: April 4, 2014 at 7:16:20 PM GMT+2
>> To: Hunter Biden <rhb@rspdc.com>
>> Subject: Fwd: Cleveland Clinic
>> FYI - American Well Cleveland Clinic news
>>
>> ---------- Forwarded message ----------
>> From: GONZALO GMAIL <rubioparis@gmail.com>
>> Date: Fri, Apr 4, 2014 at 1:06 PM
>> Subject: Cleveland Clinic
>> To: Paul Rowan <perowan@gmail.com>
>>
>>
>> Dear Paul,
>>
>> Last night American Well signed a deal with Cleveland Clinic (CC founded in 1921, 5.1 million patient visits per year, 3,000+ physicians & scientists): http://my.clevelandclinic.org/about-cleveland-clinic/default.aspx
>> Cleveland Clinic is one of several top-tier healthcare providers that will be joining AW platform in the near future. CC will roll out its Telehealth offering to its existing clients and new clients on the AW platform. Adding top-tier provides such CC to AW ecosystem is an essential part of AW strategy to build trust with consumers. Our long term objective is to become the “Amazon" for healthcare. At AW you will be able to “shop” for acute care, chronic care, behavioral health, and wellness services from top national providers such as CC and Massachusetts General Hospital see May 2013 newsletter), local providers such as Providence (see nov 2013/Apr 2014 newsletter), Carolina Health Systems (see Aug 2013 Newsletter), small private practices, as well as from AW Telehealth practice, Online Care group.
>>
>> In essence, this deal cements AW leadership in Telehealth.
>>
>> Enjoy the weekend,
>>
>> Gonzalo
> <Investor Update May 2013.pdf>
> <Investor Update August 2013.pdf>
> <Investor Update November 2013.pdf>
> <Investor Update April 2014.pdf