CNBC March 16, 2021
– Grand Rounds and Doctor On Demand, two venture-backed digital health companies, are merging in a deal that will form a multibillion-dollar entity.
– Owen Tripp, co-founder and CEO of Grand Rounds, will run the combined company, while Doctor On Demand CEO Hill Ferguson will keep operating his division and join the board.
– Both companies saw a surge in activity during the Covid pandemic.
The Covid-19 era has minted multiple billion dollar-plus online health companies as well as spawning one of the biggest acquisitions of 2020, when Teladoc acquired Livongo for $18.5 billion.