Healthcare DIVE July 1, 2020
Dive Brief:
- Virtual care player Teladoc closed its acquisition of provider telehealth business InTouch Health for $150 million in cash and 4.6 million shares of common stock on Wednesday.
- The deal, first announced in January, was valued at $600 million overall. It’s the vendor’s largest acquisition to date as it looks to round out its presence in hospitals and health systems, which are turning to telemedicine in droves to connect with patients amid the pandemic.
- Analysts see New York-based Teladoc as the player to beat in the exponentially growing telehealth industry, with services running the gamut from acute visits and chronic condition management to remote surgery and specialty care. Its volumes and revenues have skyrocketed since March, spurring Teladoc...
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