Teladoc Health to acquire Catapult Health for $65 million to boost integrated care services
Teladoc Health announced it will acquire Catapult Health for $65 million in cash. This deal aims to enhance Teladoc's integrated care segment by providing at-home wellness exams and virtual consultations with nurse practitioners. Teladoc's shares rose 6% following the announcement. Catapult serves about 3 million people, while Teladoc has over 93 million members. The acquisition is expected to close in the first quarter of 2025. This move comes after a challenging period for Teladoc, which has seen its market cap drop significantly since its 2020 acquisition of Livongo. The new CEO, Chuck Divita, aims to drive sustainable growth for the company.