Teladoc Health Plans to Acquire InTouch Health for $600 Million
Telecare expert Teladoc Health (NYSE: TDOC) plans to acquire privately held InTouch Health for $600 million, consisting of approximately $150 million in cash and $450 million in shares of Teladoc Health. The deal, announced Sunday, is expected to close by the end of the second quarter.
The acquisition will add 14,500 doctors at 450 hospitals and health systems that InTouch works with. InTouch's telemedicine platform also adds a wide set of more than 40 clinical uses, including in the hospital setting, which will broaden Teladoc's reach.
In addition to acting as a Software-as-a-Service company, InTouch sells equipment specific for telemedicine in the clinical setting. The systems, which range from portable screens to larger carts with additional capabilities, can help doctors and patients link to specialists.
Source Fool.com
