Teladoc Health, Inc. (TDOC), a leading provider in the telemedicine and virtual healthcare sector, announced on Wednesday its planned acquisition of Catapult Health through a definitive agreement. This strategic acquisition involves an initial cash transaction of $65 million, with the potential for an additional $5 million contingent upon performance milestones. The transaction is anticipated to be finalized in the first quarter of 2025.
Once the acquisition is complete, Catapult Health will be integrated into Teladoc Health's Integrated Care division. This move is aimed at enhancing the company's capabilities in early detection of health conditions, providing high-quality care connections for its members, and fostering improved health outcomes through effective care management strategies.
In pre-market trading on the New York Stock Exchange, Teladoc Health shares have experienced a slight increase of 0.10%, bringing the stock price to $10.42.
