Teladoc Acquires InTouch Health and Drops Fresh Q4 Earnings Guidance
Telehealth specialist Teladoc Health (NYSE: TDOC) announced Sunday that it plans to acquire privately held InTouch Health in a cash-and-stock deal valued at $600 million. The deal establishes Teladoc as the only virtual care provider with a full range of coverage -- from critical to chronic to everyday care -- through a single solution across all sites of care worldwide.
InTouch's combination of software, integrated technology, and specially designed devices has made it the leading provider of enterprise telehealth solutions, the choice of more than 450 hospitals and healthcare systems, used by 14,500 physicians globally. Adding InTouch's more than 40 clinical use cases to Teladoc's industry-leading video conferencing platform will help secure the company's position as the "clear leader in providing virtual care solutions."
Investors cheered the news, bidding up Teladoc's stock more than 15% on Monday.
Source Fool.com
