Teladoc Health Acquires InTouch Health
January 12, 2020
Teladoc Health agreed to acquire InTouch Health for $600 million ($150M cash and $450M in Teladoc common stock) to create a market leader in virtual care for hospitals and health systems. The deal expands Teladoc’s clinical capabilities and enterprise telehealth footprint—bringing InTouch’s hospital-focused platform, purpose-built devices and managed services into Teladoc’s global virtual care offering; InTouch posted ~ $80 million in 2019 revenue and the transaction was expected to close by end of Q2 2020.
- Buyers
- Teladoc Health, Inc.
- Targets
- InTouch Health
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Buyout
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