Patient Square Capital Acquires SOC Telemed, Inc.
February 3, 2022
Patient Square Capital agreed to acquire SOC Telemed, Inc., the largest U.S. provider of acute care telemedicine, in an all-cash transaction valuing SOC Telemed at $3.00 per share. The deal takes SOC Telemed private and will provide capital and industry expertise to expand the company’s clinical capabilities, innovate its Telemed IQ platform and grow its footprint across hospitals, post-acute and value-based care organizations.
- Buyers
- Patient Square Capital
- Targets
- SOC Telemed, Inc.
- Sellers
- SOC Telemed stockholders
- Industry
- Healthcare Services
- Location
- Virginia, United States
- Transaction Type
- Buyout
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