Teladoc Health, Inc. acquired Consultant Connect Limited for $56.3 million.
May 02, 2021
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Teladoc Health, Inc. (NYSE:TDOC) acquired Consultant Connect Limited for $56.3 million on January 4, 2021. As per terms of transaction, $55.9 million was paid in the three months ended March 31, 2021
Teladoc Health, Inc. (NYSE:TDOC) completed the acquisition of Consultant Connect Limited on January 4, 2021.
Teladoc Health, Inc. provides virtual healthcare services. The Company operates through two segments: Teladoc Health Integrated Care (Integrated Care) and BetterHelp. The Integrated Care segment includes a suite of global virtual medical services including general medical, expert medical services, specialty medical, chronic condition management, mental health, and enabling technologies and enterprise telehealth solutions for hospitals and health systems. Services in this segment are distributed primarily on a business-to-business (B2B) basis. The BetterHelp segment primarily consists of its direct-to-consumer (D2C) mental health platform. The online counseling and therapy services are provided via its network of over 40,000 licensed clinicians leveraging its platform for Web, mobile app, phone, and text-based interactions. Its Teladoc Health family of brands, including Teladoc and BetterHelp, deliver access to advice and resolution for an array of healthcare needs.