“Today marks a bold leap forward in Teladoc Health's mission to transform how high-quality healthcare is accessed and experienced, making virtual care available for patients with even the most critical care needs,” said Teladoc Health’s CEO Jason Gorevic. “Bringing these companies together will make Teladoc Health the clear virtual care leader across every front door of healthcare, further accelerating the adoption and impact of virtual care for millions of people around the world.”
InTouch Health is partnered with more than 450 hospitals and health systems with more than 14,500 physician users globally and supports over 40 clinical use cases. It offers healthcare providers solutions to efficiently deliver virtual care for a broad array of use cases and healthcare environments, including purpose-built devices and a cloud-based network.
The acquisition will allow both providers to meet the growing needs of the provider market with one single, integrated solution spanning both consumer and provider-to-provider applications.
The transaction is expected to close by mid-2020, and the acquisition is predicted to generate around US$80 million (a 35-per-cent rise on the previous year).
With the increasing adoption of virtual health, this latest development is set to improve patient outcomes. From stroke care to cardiology and more, Teladoc Health expects that the range of capabilities that the acquisition of InTouch Health will provide will enable clinicians to provide the best patient care both in medical facilities, as well as new locations such as home, transport and retail.
"With a continued focus on extending virtual care to new settings, expanding access and improving care co-ordination, our unmatched capabilities will extend both inside and outside the four walls of the hospital and empower care providers and patients alike," said Gorevic.