Teladoc has acquired fellow telehealth provider InTouch HealthGet the Full StoryThis story was delivered to Insider Intelligence Digital Health Pro subscribers earlier this morning.
To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here.
Teladoc shelled out the large sum of cash to acquire a fellow leader in the virtual care space, California-based InTouch Health, in a deal that'll tie off by mid-2020, according to MedCity News. While InTouch is smaller in terms of bandwidth and revenue, the buy is slated to provide Teladoc with a revenue bump: It could tack on an extra 80 million to the 550 million Teladoc expects to rope in for full-year 2019.
Business Insider Intelligence
The InTouch Health purchase will greatly expand Teladoc's roster of partners and aligns with the acquisition-heavy strategy it's used to dominate the telehealth market. See the rest of the story at Business InsiderSee Also:At least 30 US hospitals entered bankruptcy in 2019 and there's no end in sight to the financial instability crisisAmazon's new health hire further hints at a public-facing Amazon CarePear Therapeutics announced a handful of new deals with tech and healthcare firms worldwide