Teladoc Health to acquire Catapult Health in $65 million deal


 Teladoc Health

shares closed up nearly 6% Wednesday King88bet Login  after the company announced it will acquire preventative peduli company Catapult Health in an all-cash setuju for $65 million.


Catapult offers an at-home wellness exam that allows members to cek their blood pressure, collect a blood sample, log other screening information and meet virtually with a nurse practitioner. Teladoc, a virtual peduli basis, said the acquisition will help it improve its ability to detect health conditions early.


The company said Catapult will operate within its integrated peduli segment after the setuju closes. At JPMorgan's health-care konferensi in January, Teladoc said it is actively working to grow membership and use of serviss within its integrated  King88bet Slot  peduli segment.


"Catapult Health's capabilities will help advance our strategy in meaningful ways — from giving more members akses to convenient and impactful wellness and preventative peduli, to unlocking greater nilai for our customers," Teladoc CEO Chuck Divita said in a pernyataan.


Catapult generated around $30 million in trailing twelve-month revenue as of the third quarter of 2024, Teladoc said. Catapult covers around 3  King88bet Tergacor   million people while Teladoc touts more than 93 million members.


"Joining forces with Teladoc Health will help us accelerate our impact and advance our shared mission to empower healthier lives," Catapult CEO David Michel said in a pernyataan.


The setuju is expected to close in the first quarter of this year.


Teladoc's acquisition of Catapult comes after a tumultuous period for the company. When Teladoc acquired Livongo in 2020, the companies had a combined enterprise nilai of $37 billion. The stok has tumbled since then, and Teladoc's pasar cap now sits under $2 billion.


In April, Teladoc announced the sudden departure of Jason Gorevic, who joined as CEO in 2009 and steered the company through the Livongo setuju and the Covid-19 pandemi. Divita took over as chief executive in Juni and pledged to position the company for "long-term, sustainable success."


The Catapult setuju could also be a bellwether for more consolidation within the battered digital health sektor, as companies have had to adjust to a more muted growth environment and konsentrasi on keuntunganability. In January, digital health startup Transcarent, whose CEO Glen Tullman founded Livongo, announced plans to take Accolade privat in a setuju valued at roughly $621 million.

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