SOC Telemed Acquires Access Physicians
March 30, 2021
SOC Telemed (Nasdaq: TLMD) completed a cash-and-stock acquisition of Access Physicians valued at approximately $194 million, with potential additional performance-based consideration. The deal creates the largest pure-play acute care telemedicine company in the U.S., expanding clinical service lines and national reach to nearly 1,000 facilities (including over 700 hospitals) across 47 states and producing an estimated pro forma 2021 revenue of $107–$113 million.
- Buyers
- SOC Telemed, Inc.
- Targets
- Access Physicians
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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