Teladoc to Acquire InTouch Health for $600M

Virtual care leader Teladoc Health has entered into an agreement to acquire another company in the telemedicine space, InTouch Health, for $600 million, according to a Jan. 12 press release.

The $600 million deal will include $150 million in cash and $450 million of Teladoc common stock. The deal is expected to close by mid-2020. What’s more, InTouch Health is expected to generate 2019 revenues of approximately $80 million, growing approximately 35 percent year-over-year.

InTouch Health, based in Santa Barbara, Calif., develops telehealth solutions for hospitals and health systems and currently partners with more than 450 hospitals and health systems with more than 14,500 physician users globally, and supporting 40+ clinical use cases, according to officials. Together with Teladoc Health, “the newly combined entity will be uniquely equipped to meet the growing needs of the provider market with one single, integrated solution spanning both consumer and provider-to-provider applications,” officials said.