Teladoc has acquired fellow telehealth provider InTouch Health

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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.

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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