CNBC March 16, 2021
Ari Levy

Key Points

– 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.

Now, a year into the pandemic, two venture-backed health-tech companies — Grand Rounds and Doctor On Demand — are joining forces to try and...

 
Topics: Digital Health, Health IT, Mergers & Acquisitions / JV, Technology, Telehealth, Trends
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2021-03-16T20:43:16-04:00